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re: Fixed Index Annuity – do any of you have experience with them? Update on page 2
Posted on 10/9/14 at 2:55 pm to LSUFanHouston
Posted on 10/9/14 at 2:55 pm to LSUFanHouston
They call it an annuity because it can be annuitized (although rarely done) to provide a lifetime income.
Posted on 10/9/14 at 3:02 pm to iknowmorethanyou
FIA is a very complicated product and in my opinion is not a very good investment. Most investors don't know what they are buying, but only hear and care for the "guaranteed not to lose" feature. However, most don't know what they're giving up for that guarantee.
FYI, most of these "Advisors" which most don't have to have a securities license to sell these products get paid anywhere from 5-8%. That's where the conflict of interest arises.
FYI, most of these "Advisors" which most don't have to have a securities license to sell these products get paid anywhere from 5-8%. That's where the conflict of interest arises.
Posted on 10/9/14 at 3:05 pm to iknowmorethanyou
quote:
They call it an annuity because it can be annuitized (although rarely done) to provide a lifetime income.
And all the ones I have seen only offer true annuitization as opposed to partial annuitization.
Plano, how old are you?
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