• Question
  • Annuity language

    Asked by a 63 year old man from Houston, TX on 5/15/2012

    What source or sources can consumers access to research the meanings of annuity strategies such as: Fixed,Uncapped Avg,Monthly Cap,Multiple Index,Point-to-Point Participation Index.

    Thank You,

  •  
  • Categories: How to Choose, Annuities

Answers

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  • NewRetirement User

    67 year old from Kent, WA

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  • Hi Mr. Dan,

    You can learn about Fixed Annuities on the NewRetirement site here: http://www.newretirement.com/Services/Annuities.aspx

    For more complex and risky Variable Annuity products you can try
    - Google
    - FINRA
    - An annuity / insurance broker

    Whatever you do - if you work with a financial advisor just make sure that you understand their incentives and that their incentives are in line with your goals. If you are dealing with an insurance salesperson they may have an incentive to sell you a high commission product which may not meet your goals. (not all are this way - just make sure things are transparent)

    You may also want to talk with a fee only financial advisor, who only makes money when you pay them.

    You can find some financial advisors here: http://www.newretirement.com/financial-advisor-marketplace.aspx

    Good luck

  • Login to rate this answer:   Answered on 5/19/2012
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.