Indexed Annuities - EXPLAINED!

[@lbUdDAHl]

Great video explaining the 3 annuities!

[@twomp1162]

Hello like your blogs, very informative. Here's a kind long question. 1. Want to see what u think? . Annuity question. Have $300K, want a fixed immediate @5% annually. for 10,15 or 20 years Is that doable ? 5% of $300K is $15,000. If so, how does that work? If no, why not? 2. What are the fees or service charges for this kind of annuity? Are fee/service charge monthly/annually? Will fees increase over time and by what percentage? Looking for feeedback from all sources. Thanks in advance.

[@YourInvestmentAdvise]

How to create income without having to worry about running out of money: Weight more into fixed income (bonds). Simple time tested solution. Bonds and stocks balance each other out.

[@a-borgia4993]

Excellent comment. Diversify and rebalance.

[@ksuliafu]

The swan dive market that we are in is literally bleeding retirements for folks...it's best of both worlds! Protection against market volatility and participation in the market gains! @a-borgia...suitability is best for the consumer to make sure that they do not need the funds during the accumulation phases. Unlike the traditional deferred compensation plans that doesn't allow for any of that... no protection, no requirements to participate, no answers when people are losing their shirts! Brokers fees within these plans or investments are highway robbery! And have you looked at Fidelity buildings? Edward Jones? Goldman Sachs? TD Ameritrade? Schwab?

[@YourInvestmentAdvise]

@@ksuliafu That's a strawman argument. You don't pay for an asset manager. And a 28/72 portfolio is holding up just fine through this virus thing. Annuities are crap CD-like internal-return products.

[@MusicaObscuraX]

So even with variable annuities I can lose principal? I thought annuities were automatically built in with protection.

[@TheOpinionSports]

With Variable annuities yes you can lose money.

[@markseifried3959]

Outstanding!

[@comopracticarUCDM]

I want more info, please.

[@JesusGarcia-us9hi]

Hey Eugenia! I share this video with all of my clients! I was literally coming back here to come get this link to send to a woman who is about to retire in 3 years, and I am setting up a Fixed Indexed Annuity for her through Nationwide! I would love to help give you some insight or even illustrations for you have better ideas on how this can work for your future, and the goals you wish to achieve financially! Get back to me when you can, and stay safe during these times!

[@CapitalWithKevin]

@@JesusGarcia-us9hi Hey brother what company you with?

[@lieferic9]

Please advise. I am a 73 year old bachelor who recently inherited 300K. I live in a care facility and am in good health. I have no other assets other then social security. What is the best annuity for me assuming I want the maximum monthly payout with no legacy inheritance. Thanks

[@ALifeLearner]

Find a financial professional or advisor to look at your specific needs,

[@premiumleader8948]

If you want to retire right now with income coming in monthly I recommend SPIA. You can defer them for 1 month 2 years. But check with your carrier on what the limits for deferring the SPIA is. Also you can attach a cola(cost of living adjustments) to your SPIA but it would lower your monthly payments and start compounding that money by a fixed rate usually around 3%. Another one would be a income rider since they defer by a higher rate than all annuities. income rider is a attached benefit. So basically you have 2 accounts accumulation value and income rider and the income rider grows by high rate and it will basically be worth more than the accumulation value, your annuity. And a fee is taken out from your accumulation value. So if you decided to turn off the income rider you might see your accumulation value is lower because of the fees.

[@lieferic9]

@@premiumleader8948 Thanks for the advice. I'll have to do some research on those topics.

[@premiumleader8948]

David Erickson Yeah. Especially fixed index annuities. They can be a little bit hard to understand I recommend the annuity man. He gives you free books if you go to one of his videos he sends free books to you about the types of annuity. I recommend starting out with this order SPIA,DIA,QLAC,income rider,MYGA and FIA. I’m still learning about annuity’s and gain more knowledge about them. but his books helped me a lot. also if you don’t get what he’s talking about in the book just go watch a KZbin video about that specific annuity and read the book after watching the video to get a clear meaning as to what he’s saying anyways good luck sir.

[@AlternativeFinance]

Do you still need help on this subject? I can provide any education and even help with these products if they make sense for your situation.

[@chrisgann3956]

Never buy an annuity from a insurance only licensed agent, the agents commission will be greater than your first years earnings. Try to find a securities licensed financial professional that is permitted to offer EIA’s. Make any agent show three products before investing. If an agent only shows one companies products, run away! 22 years as a fin pro.

[@oldporkchops]

Thank you for sharing this. Would you purchase an annuity for your own retirement? If so, what kind and how would you structure it? Thanks.

[@TheOpinionSports]

Horrible advice, the agent commission is not guaranteed to be more than what the client makes the first year depending on how much they are starting with plus they agent only gets paid once. A securities license agent who puts you in an IRA gets paid an annual fee over and over.

[@a-borgia4993]

Annuity is not an investment. It is an insurance program (and look at their office buildings and how much commission and fees you have to pay). Suitability is not a good method to determine if it is good for you, knowing that it is always good for the insurance sales person.

[@Gobackto4chan]

I’d be willing to crunch numbers on any variable product you have and mark the difference in value over a 30 year period. Losses in the market hit your account much harder than the gains work towards it. People should not be gambling with their rent money.

[@ryanjunkie3]

How is your loss treating you currently?

[@michaeldennis7666]

Sounds like you got a variable product

[@CapitalWithKevin]

Your concerned about office buildings and commission fees? They're providing you a service. Why are you concerned with what someone makes when the only subject that matters is whether the retirement program is going to give you what you're looking for. There's a fee for everything in life...someone is always buying and someone is always selling. Every financial product has fees....these companies have to make money to provide these things.

[@astroman30]

Annuities are garbage products with high fees/commissions and tie up your money. Fixed annuities are the worst.

[@AllianceGroupLife]

Just like any financial vehicle, annuities are not for everyone, but they definitely have their place.

[@astroman30]

@@AllianceGroupLife Yes, in the garbage.

[@TheOpinionSports]

@@astroman30you don’t know why you are talking about.

[@astroman30]

@@TheOpinionSports I see your sports show is a big hit with you being on this page.

[@TheOpinionSports]

@@astroman30 yea and?? I talk sports but I know about the financial industry

[@kevinbrown6666]

Lots of bullshit here.

[@XD-rd9ig]

Save your own money. Look into an IRA

[@igloo6658]

IRAs are variable and limited. Better do your HW correctly.

[@CapitalWithKevin]

IRA's are just independent 401k's....they can lose money with the market.