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Blog

This is NOT your parent's or grandparent's annuity

10/1/2018

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Most people cringe when they hear the word annuity.

Bob Lindquist, founder of Safe Retirement Strategies, went in studio with KMBZ's Dan Weinbaum to set the record straight.

Some of that misconception stems from confusion between fixed index annuities and variable annuities which are radically different.

A variable annuity is a tax-deferred retirement vehicle that allows you to choose from a selection of investments, and then pays you a level of income in retirement that is determined by the performance of the investments you choose.

In stark contrast, a fixed index annuity is a tax-favored accumulation product issued by an insurance company in which the annual growth in your account is bench-marked to a stock market index like Nasdaq, the NYSE and the S&P 500. And unlike variable annuities it provides a guaranteed payout.

“People get themselves all worked up thinking that maybe these insurance companies will guarantee income for a period of time but as soon as the contract is over at death, the insurance carrier keeps all the money remaining in your account. That is not at all how this works,” said Lindquist. Actually, all remaining funds are distributed to your loved ones.

He reminded listeners that in 2008 many investors lost 30 to 40 percent of their life savings. When you’re about to retire you don’t have time to catch up from a catastrophic loss like that.

Lindquist recommends fixed index annuities because they protect your life savings from the downside of the market and grow your money safely regardless of swings in the stock market. “You lock in gains as your money grows every year and never expose the original principal and gains to market risk again,” he said.

In addition, fixed index annuities from Safe Retirement Strategies provide you with a guaranteed stream of income for the rest of your life just like Social Security and pensions. This frees you up to enjoy your retirement without having to worry about outliving your money.

For your introductory guide to fixed index annuities call Bob at 913-814-9600.
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​Bob Lindquist
Phone: 913.814.9600

[email protected]
Safe Retirement Strategies
​
8900 Indian Creek Parkway
​Building 6 Suite 250

Overland Park, KS 66210

*Guarantees provided by annuities are subject to the financial strength of the issuing insurance company; not guaranteed by any bank or the FDIC. Guaranteed lifetime income available through annuitization or the purchase of an optional lifetime income rider, a benefit for which an annual premium is charged.

This information is designed to provide a general overview with regard to the subject matter covered and is not state specific. The authors, publisher and host are not providing legal, accounting or specific advice for your situation.

​Licensed Insurance Professional. Respond and learn how insurance and annuities can positively impact your retirement. This material has been provided by a licensed insurance professional for informational and educational purposes only and is not endorsed or affiliated with the Social Security Administration or any government agency. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice.
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