Q: I just turned 65 and plan to retire at the end of the year. Is a fixed index annuity a good place to park most (50-60%) of my money?
A: I don’t particularly care for Fixed Equity Indexed Annuities. They are not really investments but they are insurance policies that are very highly commissioned and extremely expensive. The returns are usually rigged to benefit the insurance company who sells them. If you have a specific product that you would like me to look at just let me know. We offer a free one hour consultation.