Baby boomers nearing retirement have taken an increased interest in equity-indexed annuities. The reason is that an equity indexed annuity (EIA) is a financial product that allows its owner to participate in stock market gains while limiting downside risk if the market drops. [Continue Reading]
This baby boomer and no doubt many others are giving more consideration to fixed annuities as alternative investment vehicles. Fear of more market losses and a need for a reliable source of retirement income is driving this.
A fixed annuity is a contract in which you surrender a lump sum of money to an insurance company in exchange for a guaranteed monthly income. [Continue Reading]