We sometimes are asked who a fixed indexed annuity might be a good choice for, versus who might be suited to a variable annuity. And to answer that question, our attention was drawn to a very simple article published by the Insurance Information Institute (Which you can read by clicking here).
In short, fixed annuities or fixed indexed annuities may be a good choice for conservative investors who value safety and stability, and those nearing retirement who want to shelter their assets from the volatility of the stock market. You should only consider a variable annuity, meanwhile, if you are comfortable with these fluctuations, such as if you’re young and planning on being in the market long-term.
Call us if you’d like to discuss what you think your time horizon is. Often, as we near retirement, we realize that there’s a time when rolling the dice isn’t worth it.