Retirement Basics: Fixed Index Annuities
From: REAP, LLC.
How a Fixed Index Annuity could strengthen and protect your overall retirement plan.
When it comes to your retirement, a steady stream of income could make a difference in your later years. With a fixed index annuity, a portion of your retirement savings is protected from risk until it’s needed. What is a fixed index annuity? A fixed index annuity allows you to protect a portion of your retirement savings, earn interest on that money, receive income payments after a certain period of time or walk away with the lump sum at the end of the contract period. You don’t have to do anything after you’ve signed the contract until you’re ready to take withdrawals.
What is a fixed index annuity?
A fixed index annuity allows you to protect a portion of your retirement savings, earn interest on that money, receive income payments after a certain period of time or walk away with the lump sum at the end of the contract period. You don’t have to do anything after you’ve signed the contract until you’re ready to take withdrawals.
But first, let’s break down the term to understand it better…
