AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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Loan & Distribution Specialist AimPoint Pension
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Bates & Company, Inc.
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Fixed Index Annuity is Wrong Move for Investors During Market Slump But Boy, What a Pitch
403bwise [Opinion] Mar. 11, 2020 "[From XYZ & Associates Financial Services:] 'When the stock market goes up, [the value of a Fixed Index Annuity] goes up with the market. But if the stock market drops, it holds its value.' -- [Scott Dauenhauer CFP responds:] This statement is incredibly misleading, bordering on fraud in my opinion. Fixed indexed annuities are just regular fixed annuities, but instead of the insurance company declaring a rate that they will pay for a particular time period, the rate is determined by a formula that is linked to the performance of some sort of market index (generally the S & P 500, but increasingly esoteric indexes). What is left unsaid is that the value of the FIA does not go up fully with the value of the market." |
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