Author: Peak Freedom Financial Group

Addressing Annuity Myths: Part 2

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Eight More Lies People Will Tell You About Fixed Index Annuities with Income Riders

The following educational content is excerpted from our book, Momma’s Secret Recipe for Retirement Success,” by Dan Ahmad, Jim Files, and Jack Canfield, with valuable contributions from other leading professionals from around the world. This excerpt was contributed by John Kirker, fiduciary financial advisor, and reviews eight more annuity myths – specifically, annuity lies people believe about fixed index annuities with income riders.

This is Part Two of our two-part Annuity Myths series. If you missed Part One, read it here.

Today we’re back with more facts about annuities. Specifically, we’re sharing content to bust common annuity myths that can damage your long-term finances if you believe them. Remember, it’s always important to educate yourself, do your own research, and speak with a financial professional you trust when you’re trying to determine whether a specific financial product is right for you. Many people find more peace of mind and financial security with a fixed index annuity with an income rider, so learn more about their benefits below.

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Addressing Annuity Myths: Part 1

Written on .

Ten Lies People Will Tell You About Fixed Index Annuities with Income Riders

The following content is excerpted from the book, Momma’s Secret Recipe for Retirement Success,” by Dan Ahmad, Jim Files, and Jack Canfield, with valuable contributions from other leading professionals from around the world. This excerpt was written by John Kirker, fiduciary financial advisor, and reviews ten annuity myths – specifically, annuity lies people believe about fixed index annuities with income riders.

This is Part One of our two-part Annuity Myths series.

If your goals are to:

  1. Protect your money against 100% of all stock market losses.
  2. Guarantee you won’t run out of income for as long as you live.
  3. Receive the same or higher income for as long as you live regardless of stock market volatility or how long you live.
  4. Pay a relatively low total annual fee of approximately 1%.
  5. Have the opportunity to earn a competitive rate of return.
  6. Defer 100% of the taxation on any growth until you take distributions.
  7. Never subject current or previous gains to future stock market losses.
  8. Pass 100% of all remaining funds at your death to your beneficiaries.

One of the only, if not the only, financial instruments you can use to do all of these things is a fixed index annuity with an income rider.

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How Do You Set Up a Fixed Index Annuity? (And What Do You Get Back?)

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Understanding More About Fixed Index Annuities with Income Riders

We’ve told you previously about the one key reason why people decide not to purchase a fixed index annuity with an income rider as part of their overall retirement income plan. It’s not because of surrender charges, fees, or lower returns. It’s because the benefits of a fixed index annuity with an income rider simply sound too good to be true. Of course, they’re NOT, and you can read more about that here if you need a refresher.

So, let’s assume you’re ready to move forward with your fixed index annuity with an income rider – where do you start and how, exactly, does it work? We’re here to walk you through it.

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The Next Step to Enhance Your Financial Security: A Second Opinion

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When You’re Retired, You Need to Ensure Your Finances Are on Track

With the articles we publish here on our blog, many of which are based on content in our book Momma’s Secret Recipe for Retirement Success, we hope to take you down the path of “financial enlightenment.” We do it because some of the facts and strategies we share may be the complete opposite of what you have been told before. We want you to think differently – and to plan your retirement differently – because you have no other option than to succeed.

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