What are some of the benefits you can get by investing in fixed indexed annuities? Well one thing is you may be able to help save up for your retirement with triple compounding interest, and have it grow about 2-3 times greater than a bank CD. They can also provide a guaranteed income for life, and with so many things happening in the world, it's hard to imagine that social security will be around for much longer. So wouldn't it be smart to have a back up plan to replace a potential social security income? They can also be a good option if you are in the middle of a 401k rollover.
In the past many people had a choice of getting a safe way of making money, but not the chance of higher returns. Or they could try for those higher returns, but would also run a risk of losing a lot of their principal investment. However, with fixed indexed annuities you have a shot at both without putting your principal at any risk! Offering you a guarantee for the principal, but also a link to the market, however, even with those downturns in the market, you wouldn't lose principal.
Fixed indexed annuities may also be termed equity indexed annuities. They will provide you both features in one, a guarantee for that principal. But you can also see a fluctuation due to the market performance, but you will never lose any of your principal. You also lock in any gains that you earned in a certain period. It's definitely a solid option when you are doing a 401k rollover.
The great thing also about a fixed indexed annuity is that you can defer taxes until you've taken the money out. That means you will be able to build up more money because you can earn more on the interest. But they also can offer you at times where you can take out a certain percentage of money without a penalty being paid, usually up to 10% per year. Most other IRA's don't allow that.
With the purchase of fixed indexed annuities you will be able to have a guaranteed income that will come in for the rest of your life. There are many different annuity payments that you can choose also. It gives you plenty flexibility and is a great option during an IRA rollover or 401k rollover.
Fixed indexed annuities are possibly one of the best options when it comes to saving for retirements. It is definitely something that is well worth your time of looking into. The fixed indexed annuities definitely have a place in today's volatile market, especially during a 401k rollover.
To find out more about Fixed indexed Annuities call P&G Financial Group, Inc. at: 1-888-701-3222 or visit: [http://www.pngfinancialgroup.com].
Article Source: http://EzineArticles.com/expert/Jason_Pollington/317717
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