https://www.goodfinancialcents.com/how-does-an-annuity-work/ Thu, 28 Sep 2023 13:52:40 +0000 hourly 1 https://wordpress.org/?v=6.4.3 https://www.goodfinancialcents.com/how-does-an-annuity-work/#comment-9527136 Tue, 06 Aug 2019 01:12:22 +0000 http://gfc-live.flywheelsites.com/?p=27719#comment-9527136 Thank you so much for explaining Annuities in simple terms. I was just looking for what annuity mean but I could not help myself reading everything about annuities without getting confuse.

]]> https://www.goodfinancialcents.com/how-does-an-annuity-work/#comment-189694 Sat, 03 Nov 2018 13:13:08 +0000 http://gfc-live.flywheelsites.com/?p=27719#comment-189694 “On paper”, a fixed indexed annuity seems to be the best all-around choice. I have two of them (American Equity and National Western). Their upside potential with no risk of principle makes sense. But the “Gotcha!” comes every year when the life insurance companies do their “calculations” to determine what if any gain you’ll receive. It would take a seasoned financial advisor to translate the garbly gook of if’s, and’s and but’s in the contract. Hopefully some federal oversight programs will be put in place to audit what the life insurance companies are reporting. On a related subject: MYGAs. I had 4 of them before converting to fixed index annuities. These are fantastic vehicles for getting a high interest rate with little risk – and you can withdraw portions of the principle.

]]> https://www.goodfinancialcents.com/how-does-an-annuity-work/#comment-138735 Mon, 21 Mar 2016 11:58:32 +0000 http://gfc-live.flywheelsites.com/?p=27719#comment-138735 This reference will be so helpful for anyone who isn’t sure how annuities work. There’s so much in the press about annuities that it’s hard to find one article to read to explain it all. This is definitely one I’ll share with my readers / clients.

]]>