Fixed indexed annuities—a potent tool for diversifying away from equities
December 8, 2023 by Ken Nuss
Most financial experts believe that many older Americans are too heavily invested in the stock market, and now there’s evidence to back them up. When giant Fidelity Investments analyzed its retirement accounts customers, it found that 37% of those born between 1946 and 1964 (so-called Baby Boomers) have more equity holdings than they should. Depending on age, people in this age bracket should have from 47% to 67% in equities, according to Fidelity.
Click HERE to read the full story via Medical Economics
Wink’s Moore on the Market: I totally get that this is clickbait.
However, this rubbed me the wrong way:
“Back-testing based on historical index performance gives an idea of how a particular indexed annuity sub-account might perform in the future. While past performance is not a guarantee of future performance, it’s a good starting point.”
No. Don’t go there. -sjm