Summerlin Benefits Consulting Q&AAnswer
Oct 18, 2024 - 10:01 AM
Fixed Index Annuities (FIAs) can help protect your retirement savings from market volatility by offering a safety net during market downturns while allowing for growth linked to a market index. As a growing number of Americans reach retirement age, with nearly 11,000 turning 65 daily, the importance of safeguarding retirement funds becomes critical. FIAs, provided by insurance companies, grow tax-deferred and ensure that your principal remains safe from losses. This makes them a viable option for individuals looking to minimize risk as they near retirement while still participating in potential market gains.
