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The following is straight talk information, I'm not trying to be eloquent, I don't use sales pitches, I don't use pre-fabricated presentations, I don't play the whole broker charade game. I do business the Matthew 7:12 Way, not the status quo business as usual wallstreet bankster way. My video explanations are brief, not edited, not scripted.... This is me, explaining a valuable financial planning vehicle for those who are suitable for it, NOT EVERYONE IS SUITABLE FOR A Fixed Index Annuity.
A FIA is not exposed to market declines while your returns depend (sometimes) on the same index your IRA mutual funds invest in. It is possible to outpace the index returns in some products that offer high participation rates with no caps . Rarely will we look at a sub-account with caps. YOU CAN STILL FUND YOUR CURRENT IRA, as you fund it now you can be that much more aggressive and get rid of the bond funds because THIS would be your safe money.
Guaranteed Income (without annuitizing) in newer FIA's last for your lifetime (or on your spouse as well), it will never be less than the guaranteed amount and has the possibility to increase on a guaranteed rate and a non-guaranteed rate. No matter what. if the markets tank for the next 20years consecutively, your income will never less than the guaranteed amount.
This is a two fold, in order for this to work correctly, you would need a life insurance policy in the amount of your real estate holdings. Once this is secured, a guaranteed lifetime income without the many hands on hassles of what comes with rental properties is worth looking at.
10 to 15years outlook in an FIA is their sweet spot, a person from 45-55 is the perfect candadite for a FIA, just email me to see a proposal, these things are absolutely perfect for this age group.
FIA are designed for rollovers and 1035 Tax-Free Exchanges. Me, personally, if you have cash and gold, KEEP IT HORDE IT. I have Precious Metals exchanges and dealers I can refer you too.
If you currently own an Annuity, even if its a few years old, its definately something to compare to the newer products, they have made strides over the years in all aspects of Annuities and even more since the Corona crash/recovery. Current CD holders should consider a FIA, in most cases its better alternative or supplement.
Your Accumulation Value participates in market gains (we don't use products with caps) as you are protected from market declines while your earnings participate in the gains of the market index, sometimes you will also receive a guaranteed floor but most products have your worst case is 0(zero) percent interest credited if the market index (sub-account) comes up negative that year, this is your absolute worst case scenario.
Credited Interest, bonuses, Fixed Interest are Locked In every contract anniversary.
Some companies have fees, some riders have fees, some money managers have fees, some products have NO FEES and are just as competitive.
Some companies offer bonuses on your income account some products offer bonuses on your accumulation value, some have bonuses on both. A bonus is used to offset surrender charges or market losses on your Rollover.
(explained briefly below)
The innovation of proprietary products and their sub-account (money manager) options have come a long way in recent years.
Fixed Index Annuities are not for everyone, but for those in older annuities, IRAs exposed to market losses or in CDs a FIA is a great alternative or supplement to what you already have. Companies, Money Managers & Proprietary Products.
Some products have no upfront sales charges nor fees, certain product features, benefits &/or guarantees may come with fees or additional fees. All FIA come with a CDSC.
Available on most FIA is an Income Rider that guarantees you an income stream for life, even if, in the absolute worst case scenario the FIA performs at its lowest guarantees each year for ten fifteen twenty years, your income will continue at the guaranteed amounts for your lifetime (option to have the income last on your beneficiaries life as well).
Gains in your FIA depend on the performance of your selected blend of Equity Indixes, you are never directly invested in any index, you are not exposed to any negative market performance. On good years you should expect your annuity to trail just behind the S&P 500 and in some cases with certain companies crediting methods and guarantees, you have a great opportunity to outperform market indexes.
Participation Rates, Caps, Spreads, Guaranteed Interest Compounding. Not all products have these.
Income, lump sum, stepped up basis transfer to beneficiaries.
Premium Bonus:
Bonus added to your opening deposit (premium). These are used to make up for surrender fees or market losses on accounts you are rolling over into a FIA.
Interest is credited daily in some products and when credited to your Accumulation Value are then Locked In and will not drop below that point due to negative market performance.
Most of the time a FIA will trail the S&P 500, some FIA have outperformed the market because of Participation Rates
Its not, you have to understand that these companies know your going to have that two hundred grand sitting there for 5+ years, straight out, with the way these companies make money with everything from overnight lending to hedge funds, they already made more interest off of the two hundred grand in reserves to where giving you the guarantees has already been factored in their bottom line.
Any IRA exposed to market risk, 401K rollovers when you leave a job, perfect age would be 50(ish) with a good ten or twelve years before you need income, someone needing income right now.
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