Very few focused specifically on addressing the needs of those about to retire or those in retirememt. We found their information on Indexed Annuities and Deferred Annuity products to be very helpful to the retirement demographic.
New York, NY (PRWEB) August 02, 2013
Resource4Retirement.com was awarded the "Best of the Best" designation for excellence by Follow Media Consulting, Inc. in the category of Indexed Annuities. This award signifies the continued commitment and dedication of the area best in consumer financial education and planning.
Annuities are one of the most debated products in the financial services industry. Many experts like them and many don’t. This is in part due to the fact that many people don’t fully understand them. First off, an annuity is a contract between a client and the insurance company. In return for a deposit, or premium, the insurance company promises to provide certain benefits. Like most things in today’s world, one can customize a contract to fit various specific needs. And if one is maxed out on qualified plans or needs to catch up on retirement, annuities can be a great way to accomplish these goals.
An indexed annuity is a fixed annuity, either immediate or deferred, that earns interest or provides benefits that are linked to an external equity reference or an equity index. The value of the index might be tied to a stock or other equity index. One of the most commonly used indices is the S&P 500, which is an equity index.
Indexed annuities are usually recommended as alternatives to mutual funds and can play an important role in an individual retirement account or as part of an individual savings plan. Typically, your money is guaranteed against the loss of principal. While the growth of an annuity may be limited compared to other assets such as managing mutual funds, the annual guarantee of principal and tax deferral status may provide higher rate of return over time, especially in market downturns.
Resource4Retirement.com is an industry leader focusing on educating consumers in retirement or about to enter retirement. Based in Minnesota, their brand is specifically geared towards education the boomer generation on all things financial. Visit their website at http://resource4retirement.com/ for more information on financial education.
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