Summerlin Benefits Consulting Q&AAnswer
Nov 13, 2024 - 09:42 AM
Retirees choosing between fixed and indexed annuities should consider their risk tolerance, growth potential, and income needs. Fixed annuities offer guaranteed, stable payments with a lower return, suiting those prioritizing security. Indexed annuities link returns to market indices, offering higher growth potential but without direct market risk. These may suit retirees seeking some growth with a degree of protection. Also, income riders, long-term care benefits, and beneficiary options can add flexibility.
