How is and fixed index annuity better than having money in the stock market?
Ty Young: At the end of the day, when the stock market goes up if you’re in the stock market, you make money. If you’re in a good fixed index annuity, you make money, maybe not as much, but you make money. If the stock market goes down and you are invested in the stock market, you lose money. I hate losing money. I don’t want to lose money, that’s why I don’t like the stock market. In a fixed index annuity when the market goes down, you don’t lose anything. I don’t like all annuities, but I like this one. Why? Are you kidding me? When the stock market goes up, you win; when it goes down, you don’t lose. I’ve heard of annuities before—don’t they have a bad rap? Agreed– they do. In the old days when the owner of an annuity died, the insurance company took any remaining monies ….but no more. Now we have deferred annuities, which allow you to designate beneficiaries who receive the money when the annuity owner passes away. This is a feature found in the best annuities. Now that you know
