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AW Elliott & Associates
There are three forms of Annuities
. First is a tax-deferred annuity a sort of a long-term investment retirement account that lets you save and invest on a tax- deferred basis with an alternative to take delivery of a monthly income at a later date
2. A Immediate annuity which gives regular income payments immediately or within a small time after that for as long as so
3. Index annuities also known as Equity-Indexed Annuity or fixed index annuity are complex financial instruments that have characteristics of both fixed and variable annuities. Some Index annuities offer a minimum guarantee interest rate combined with a participation rate linked to a market index hence the name. Many index annuities are based on Broad well known indices like the S&P 500 composite stock price index but some use other indexes including those that represent other segments of the market. Some index annuities allow investors to select one or more indexes. With some index annuity your principal is guaranteed and you can never lose that if the market happens to go down.
Quoting Warren Buffett he says Index Funds make the best retirement sense ' practically all the time'.