Summerlin Benefits Consulting Q&AAnswers
Jan 23, 2024 - 06:21 AM
A Fixed Index Annuity typically grows your money based on the performance of one or more market indices. And example of a market index that many FIA's follow is the S&P 500. Some FIA's also offer FIXED interest rate options with guaranteed minimum interest rates. Depending on the product you choose it can offer potential growth for your retirement savings, while also providing security; through the downside protection that FIA's provide. With FIA's your money is not actually invested so when a particular index loses value. You make money when the index is increasing but you do not lose money when the index decreases- you are protected from risk and loss. This helps your money grow because you don't have to wait out a market decline and then recover from losses before you start making new money. With an FIA you either grow or preserve; and don't usually move backwards with in the account.
Oct 10, 2024 - 03:50 PM
Here are 5 quick ways that a Fixed Index Annuity (FIA) grows your money:
1. Index-Linked Growth: Your returns are tied to a market index, with the potential for higher gains when the index performs well.
2. Principal Protection: Your initial investment is shielded from market losses, ensuring no negative impact from downturns.
3. Interest Crediting: Interest is credited based on how the index performs, using methods like annual point-to-point or monthly averaging.
4. Tax-Deferred Growth: Earnings grow tax-deferred until withdrawal, allowing for compounded growth.
5. Guaranteed Minimum Interest: Many FIAs offer a minimum guaranteed interest rate, ensuring you still earn interest even in poor market years.
For a free consultation to learn if an annuity is right for you, let's connect.
1. Index-Linked Growth: Your returns are tied to a market index, with the potential for higher gains when the index performs well.
2. Principal Protection: Your initial investment is shielded from market losses, ensuring no negative impact from downturns.
3. Interest Crediting: Interest is credited based on how the index performs, using methods like annual point-to-point or monthly averaging.
4. Tax-Deferred Growth: Earnings grow tax-deferred until withdrawal, allowing for compounded growth.
5. Guaranteed Minimum Interest: Many FIAs offer a minimum guaranteed interest rate, ensuring you still earn interest even in poor market years.
For a free consultation to learn if an annuity is right for you, let's connect.
