Investor Column: Indexed variable annuities look attractive

August 19, 2020 by Jim Germer

Lately, clients tell me they have concerns about the stock market sending scary signals. They are not feeling the love for Certificates of Deposits. CDs, have the virtue of not losing interest or principle because of FDIC insurance. Rates on three-year CDs are practically insulting, and they are only paying about one percent.

Freaking out about staying the course in a COVID-19 world? No problem because what is old becomes new again. Let’s take a fresh look at Variable Indexed Annuities. They are evolving. With 30-year Treasury yields falling from 1.66% on June 8 to a new 1.19%, and interest rates likely staying low, let’s explore if purchasing a variable annuity is a smart move.

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Originally Posted at Bradenton on August 10, 2020 by Jim Germer.