ANNUITY LINK HERE I know most insurance companies have some sort of GUARANTEED returns anywhere from 6-8% and some pay a one time premium payment for opening the acct of as much s 10% of what you put in.
You can use Mutual Funds to gain when mkt is strong, come out when it is not or switch it around....you can do no more than the GUARANTEED RATE of return
ONE HITCH, it is an annuity, there are rules, I have one called a GRIP with Lincoln and must leave in for 3 years NO penalty. If leave in for 10 years, you can ANNUITISE what the value is and you get the rate 6% or whatever the deal is. Other catch is you can then no longer take out the money as LUMP SUM, it gets paid out over time monthly.
If your investments inside of it do better than guarantee, great , you usually can pull it out then. But the guaranetee may be great for those who want security....ask your advisor about it.
D
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment