Summary
Q: My wife is 79 and I am 81. We are interested in investing $300,000, which is nearly all of our savings, in products that would produce a steady stream of income, leaving the principal intact and not having to worry about the stock market. We have attended a dozen investment seminars for senior citizens and have learned that something called an equity-indexed annuity would appear to meet our needs better than any other investment I am aware of.
My wife, however, has been very cautious about annuities, partially because the press has reported numerous instances in which annuities have been sold to seniors when the product does not suit their needs. In view of the above, we have decided to obtain your independent opinion.See the full content of this document
Extract
Let's Clear Up Much Confusion and Misunderstanding.
A: Are you sure you heard right in the seminars you attended?
An equity-indexed annuity is not designed to throw off income but rather to offer the potential to grow your principal over tim...See the full content of this document
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