This would be called an indexed annuity or an equity indexed annuity both meaning the same thing.
Indexed annuity
There are different types of annuities. Variable annuities cost much more and I wouldn't recommend one. Now with Fixed Indexed Annuities you can have the potential of the upside of the market without any of the loss. Fixed and Fixed Indexed annuities typically do not cost a cent unless you have added a (rider) to the product that has a small annual cost.
The best annuity options in the UK for retirement planning include fixed annuities, variable annuities, and indexed annuities. Fixed annuities provide a guaranteed income for life, while variable annuities offer the potential for higher returns but come with more risk. Indexed annuities provide a return based on the performance of a specific index. It's important to carefully consider your financial goals and risk tolerance when choosing an annuity for retirement planning.
indexed! :)
There are three types annuities including fixed, indexed, and variable.
An equity indexed annuity is a fixed annuity product offered by an insurance company. It is a unique product for those individuals who want reliability without the risk of loss from the market as in a variable product. You place a sum of money or periodic payments into a product that the company utilizes a market in order to factor what interest you will make. You will not lose your principle or accrued interest due to market loss because your money is never in the market or index.
This actually depends on the annuity. A "fixed" annuity always gets you the same rate, while the rate of a "variable" annuity is indexed to some other rate, usually the federal prime rate. Rates are variable over the long term. It is possible to lock a steady rate in but it costs more to do so.
This would be called an indexed annuity or an equity indexed annuity both meaning the same thing.
This would be called an indexed annuity or an equity indexed annuity both meaning the same thing.
Indexed annuity
Indexed annuity
There are different types of annuities. Variable annuities cost much more and I wouldn't recommend one. Now with Fixed Indexed Annuities you can have the potential of the upside of the market without any of the loss. Fixed and Fixed Indexed annuities typically do not cost a cent unless you have added a (rider) to the product that has a small annual cost.
The best annuity options in the UK for retirement planning include fixed annuities, variable annuities, and indexed annuities. Fixed annuities provide a guaranteed income for life, while variable annuities offer the potential for higher returns but come with more risk. Indexed annuities provide a return based on the performance of a specific index. It's important to carefully consider your financial goals and risk tolerance when choosing an annuity for retirement planning.
No, unless it states it is an indexed annuity. If it just states that it is a fixed deferred annuity, then No. Deferred means that no taxes are paid until funds are removed, however by the nature of the Roth IRA interest is not taxable under the provisions of a Roth IRA with the IRC code.
The best annuity to do this right now is a Fixed Indexed Annuity with a Lifetime Income rider.
At 82, Fixed or Fixed Indexed Annuities are the only way to go for someone that age. Make sure its NOT a variable annuity.