This article explains why I NEVER recommend indexed annuities to clients. Please let me know if you have any questions.
Steve
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A tweet pitching equity-indexed annuities might read: “This insurance product enables you to participate in the upside of the stock market without exposing your nest egg to its downside.”
But what seems both simple and sensible in 140 characters or less quickly becomes so complex and confusing in contract form that even financial advisers skilled in deep-woods investing tend to shy away from them.
What exactly are these purported no-lose investments? Who’s most likely to benefit by acquiring them? And what are the brokers not telling you during the free introductory dinner they often use to pitch their product?