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In one of my previous messages I explained to you what indexed annuities are. Hopefully you learned how valuable they can be for your retirement savings because now you can benefit from the upside prospects of the stock market without the inherent market risk of mutual funds. In this I will dispel any misunderstandings of how illiquid annuities are. As I explained in an earlier message annuities are not recommended as short term savings vehicles. However, other than you taking out more than the annual withdrawl limit or completely liquidating your account for reasons other than those that...

Like Health Savings Accounts for health insurance, indexed annuities are the least understood GREAT product for retirement savings dollars. Unfortunately, like health savings accounts, most financial services professionals that recommend indexed annuities, DO NOT explain them adequately to their clients. An indexed annuity is simply a fixed annuity that credits INTEREST in a very unique way. It pays interest based on the performance of a stock market index, usually the Standard & Poor’s 500. Indexed annuities are not at all like mutual funds which actually purchase stocks on your behalf...