Fixed Annuity, Indexed Annuity & Variable Annuity PROS AND CONS
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- Опубликовано: 7 июл 2024
- This Fixed Annuity, Indexed Annuity and Variable Annuity Pros & Cons video will dive into the pluses & minuses of the different types of annuities & which annuity investment might best suit your retirement planning needs.
Annuity explained! To learn more about annuity basics (e.g. what is an annuity, who buys an annuity & the difference btw a retirement annuity vs ira) & annuity problems & solutions, check out our complete annuity playlist: • Annuity Basics | Annui...
The next two videos in the coming weeks will go through the difference between an immediate annuity vs. deferred annuity, how to structure an annuity payment & annuity riders, so don’t forget to subscribe for all things personal finance with Diamond NestEgg!
0:00 Intro
2:46 Fixed Annuity
6:35 Indexed Annuity
10:52 Variable Annuity
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Great videos, so informative. I prefer your videos rather than face to face discussion and having someone explain all of this.
I can go in with knowledge. 🙏🏽
👍 Thanks - let me if you’re ever interested in getting an annuity or just need more info!
My broker was nudging me towards a variable rate annuity. I thought it sounded too good to be true. Thanks for clarifying!
Can you do a video on F&G Accelerator & Accumulator Plus Fixed Indexed Annuity and breakdown the differences or who the best person they're fit for?
I am considering moving some of my IRA into an Indexed annuity, so this video is very informative. Thank you.
Could you please explain further how the guaranteed minimum return, guaranteed minimum interest, and the rate cap affect an Indexed Annuity account?
For instance, with your example of 3% minimum guaranteed interest and 7% cap interest - If the S&P 500 Index went up to 11%, is my account credited with 8% (i.e., after the company kept its 3%) or 7% [ i.e., while the Index went up to 11%]? Thank you very much!
Thanks for visiting our personal finance channel! We hope this free content will help fast-track your financial journey! Please note that there are questions/ comments which I will not be able to answer without fully understanding your financial, personal & other circumstances. Everyone's financial journey is different. If you wish to set up a consultation call & discuss whether we can help you on an individual basis, please complete the Work With Us form on our website: www.diamondnestegg.com
To learn more about annuity basics, pros & cons PLUS how an annuity fits into your overall retirement planning, check out our complete annuity playlist: ruclips.net/p/PLsv_4H5rP97FD58emP6HEQCX_dIBRTaEg or email us at jennifer@diamondnestegg.com to see if we can help you customize an annuity for you or your loved one.
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hello,is fixed simple annuity good investment now with some of them paying around 5%for 5 years and 4.7% for 3 years which is higher then T bills ,Thank you
Hi, does it make sense to buy annuity when you going to retire soon(after 59 1/2) or already in retirement.? Does it make sense to use IRA money to buy annuity? Thanks !
Hi. I’m new here
Question:
Are annuities exempt from bank bail-ins?
With regard to income annuities(immediate), for a fixed period - say 7 years, where you hand over a lump sum to be annuitized. Why not just take your lump sum and divvy it up into a monthly payment for the time frame you are interested in and pay yourself? What is the benefit of handing it over to be annuitized and pay a fee?
I would imagine in many cases, the annuity returns a slightly higher percentage of interest, which is not attainable by other similar methods? Otherwise it makes no sense for anyone to use this type of annuity.
Hello 👋 thank you so much for the information. I live in TN can you help me look into getting an annuity for my wife? Please and thank you 🙏
Please email us at jennifer@diamondnestegg.com
Hi Jennifer. What do think of a myga. It seems pretty good. Thanks
Depending on your circumstances and stage of life, MYGAs could be a good way of getting stable, predictable income over a fixed period. You need to look at the rates, surrender charges, etc - just to name a few things. Drop us a note if/ when you want to discuss customizing a MYGA. Have a nice weekend.
@@DiamondNestEgg Thanks, i will be in touch.
Hi. New kid here
Are annuities exempt from financial bail-ins?
Hi Jen, I'm a new subscriber, I came across a link to your channel in the Bogleheads Forum. My question: could you do a video about MYGA's (multi year guaranteed annuities), specifically about CANVAS MYGA's? These were discussed in the forum, presently their interest rates are 5.5% for 3 year, 5.6% for 5 year, and 5.7% for 7 year. Thanks! -Pete
CANVAS MYGA rate update effective last week: 5.75% for 3 year, 6.20% for 5 year, and 6.25% for 7 year. 🙂
PS: for the annuities, one can't withdraw before age 59.5 without penalty (I'm 58.5, so that's ok with me).
Noted
Is Athene or Allianz any good?
I work mostly with MassMutual & Guardian, which are best-in-class in the industry, but Athene and Allianz seem to be good as well with regard to their ratings/ financial strength. I'll be doing a series on the topic during Life Insurance Month in Sept. If you're interested in a quote, drop me a note at jennifer@diamondnestegg.com
how much you make if you sell one?
That depends on the annuity contract, terms & conditions, etc.