Ep. 34 – Annuities – Why Ever Use Them – Part 3
Could a fixed index annuity help to boost your retirement assets?
A lot of people are put off annuities because they’re more complicated than other retirement income products. But if you want to make the most of your assets, we think they’re something you should consider.
In this episode of the Secure Your Retirement podcast, we’re continuing our conversation about annuities to get you thinking about them differently. Sharing advice on fixed index annuities, we’ll show you how they work and what they can offer your retirement plan.
In this episode, find out:
- What fixed index annuities are and how they work
- The difference between fixed index and other types of annuities
- How you earn interest on a fixed index annuity
- What an index cap is and how it affects what you can earn
- The definition of ‘participation’ and what it means for your annuity
“Annuities are what we would consider a bond alternative…a place where we can get very good fixed income streams” – Radon Stancil
“A cap is essentially a ceiling on how much interest you can earn in a reset period” – Murs Tariq
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