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re: Fixed Index Annuity – do any of you have experience with them? Update on page 2
Posted on 10/11/14 at 11:56 am to Janky
Posted on 10/11/14 at 11:56 am to Janky
Yeah you usually want to avoid any FIAs with income riders and fees attached. The barebones products tend to be the best bang for your buck.
Bottom line is that fixed annuities have their place, as do FIAs. They are generally geared towards investors with similar risk tolerances. If you're entertaining an S&P 500 ETF and a FIA, you're doing something wrong.
Bottom line is that fixed annuities have their place, as do FIAs. They are generally geared towards investors with similar risk tolerances. If you're entertaining an S&P 500 ETF and a FIA, you're doing something wrong.
1
Posted on 10/12/14 at 5:19 am to slackster
Make sure to avoid riders as stated. Many companies are pushing bells and whistles that will come with fees that will sandbag returns. FIA's are not the devil, but are really only appropriate for a percentage of your portfolio and only to specific individual.
I've rarely seen these instruments perform as expected by the client. The biggest winner in the transaction is the agent. A 10 year product can have up to an 8% commision on premium. There's still a place for these guys, just in the appropriate situation.
I've rarely seen these instruments perform as expected by the client. The biggest winner in the transaction is the agent. A 10 year product can have up to an 8% commision on premium. There's still a place for these guys, just in the appropriate situation.
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