Now is a ‘perfect time’ for preretirees to consider FIAs, expert says
November 15, 2022 by Susan Rupe
The current market environment “could not be a more perfect time” for those who are in the “retirement red zone” to add a fixed indexed annuity to their portfolio. That was the word from Igor Zamkovsky, head of indexed annuities and insurance with Blackrock’s Retirement Insurance Group. Zamkovsky made the case for adding FIAs in the accumulation phase of a client’s retirement portfolio at a webinar presented by the National Association for Fixed Annuities.
The retirement red zone refers to the time period of roughly five years before retirement or five years after retiring.
Wink’s Note: I just don’t understand how an indexed annuity “can allow for consistent equity exposure,” according to BlackRock‘s research Igor Zamkovsky, CFA?
One is not invested in equities in an indexed annuity, so how can this be?
Further, indexed annuities can return as little as zero interest, so there really isn’t much consistency to the products.
Help me understand? Join in the conversation over on LinkedIn HERE. -sjm