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Indexed annuities

I am just 60 years old and have a 403b, teacher retirement. I am conservative in my investments(balanced funds) and have funds that automatically shift to more of a cash position as I get near retirement in 6 years. I am interested in indexed annuities-the hedge against a falling market-3-4% and 90% of an up market.  I know about the fees, but I still am interested in preserving my money. What is your opinion of indexed annuities?


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Hello Akteacher,

I hope to answer many of your concerns.  I am a licensed agent and absolutely qualified to answer your questions.

Indexed annuities are based on a very simple concept.  It allows you to participate in the upside of the market without any downside risk.  Another benefit, if the market has a down year followed by a good year, you are not required to make up previous year's losses, and you take an immediate return.  This is called a wratchet feature or annual reset.  Another benefit, there are no fees...just time.  The company allows you to take 10% of your account value per year without a penalty.  This allows you to build wealth and still have access to your funds without a fee or penalty.  Another benefit, Indexed annuities give you the positive of a fixed account which is safety, and the growth of the market without any risk of principal or interest.  It is the best of both world's.  There are many more benefits.  We have an excellent annuity fact sheet, you may contact me at educatorsfirst@live.com.

Hope this helped.

Regards,

Jerome (License #0D04576)
Posted 2009-08-06T06:35:13Z
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