If you are thinking about a fixed index annuity for your retirement plan, knowing the basics of fixed index annuities can help you sort out whether this is a good fit for your needs and situation.
Basics of Fixed Indexed Annuities
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A fixed indexed annuity is a long-term investment that allows your assets to grow tax-deferred, and for an additional cost, offers an optional guaranteed lifetime withdrawal benefit (GLWB) that provides a guaranteed “retirement paycheck” for you and your spouse that is guaranteed to grow each year income is deferred
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