With the volatility of the stock market, it is time to diversify assets (in 401k, IRA, cash) and stay away from risk.
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How do you want to grow your money ( IRA, 401k, Cash ) ?
"Fixed" gain guarantees a fixed interest for a period of time such as bank CD and MYGA.
"Variable" gain follows the market gain and loss.
"Indexed" gain locks in gain annually and never loses back during market downturns
What is Fixed Indexed Annuity (FIA)?
A single premium fixed indexed deferred annuity is a long-term retirement savings product that can help protect you from outliving your money. It is a contract between you and an insurance company in return for your money, or "premium", the insurance company agrees to provide certain benefits.
When you put money into a fixed indexed annuity, you create something that can grow over the years, and then, at a later time, can pay you an income for a period of time, even for a lifetime.
How does a lifetime retirement income work?
An Indexed Annuity offers lifetime retirement income. The insurance company continues to pay out lifetime retirement income annual even if the account value goes to zero. The lifetime retirement income increases when the market gains. The gains are locked in annually and never loses back during market downturns.
What are the strategies to grow your assets?
