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Fixed Index Annuity is Wrong Move for Investors During Market Slump But Boy, What a Pitch
403bwise Link to more items from this source
[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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