5 Ways Fixed Index Annuities Are The “Swiss Army Knife” Of Retirement Planning
January 21, 2020 by Adam Moeller
As a licensed fiduciary for over 15 years and spending most of that time with retirees, I’ve heard the same desires and concerns repeatedly: They want a retirement product that will offer them safety, income, and growth. My clients fear a repeat of 2000 or 2008, are concerned with how to pay for long-term care, and are very concerned about outliving their retirement assets. When I hear this, there is one financial product that comes to mind that can help address all of these concerns: a hybrid annuity, also known as a fixed index annuity.
A lot of people get scared when they hear the word annuity, but the truth is not all annuities are created equal. In fact, a fixed index annuity is like a Swiss army knife: It’s a flexible tool with multiple uses to help benefit your portfolio.
Here are five reasons the fixed index annuity is the “Swiss army knife” of retirement planning.
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