If you are retired or on the verge of retirement, it’s important for you to consider how your income could be impacted by taxes and potential loss. Many seniors are unaware that there are proven, legal ways to save thousands in taxes while at the same time, maximizing their retirement savings. One of the most successful techniques for maximizing value is through the use of fixed indexed annuities (FIAs).
Is an FIA different from a traditional fixed annuity?
An FIA, like all fixed annuities , has a guaranteed (“fixed”) minimum interest rate, which does not change over the life of the contract. Besides the minimum interest rate, an FIA also has the potential for additional indexed interest based on changes in one or more market indexes. FIAs are an important financial tool because of their unique benefits and broad appeal.
Knowledge is power.