Yes, you read that correctly. Usually the words “safe” and “stock market” don’t generally go together. Well, in the case of annuities it certainly can.
If you want to start investing into something with market-like performance, but without the risk, an annuity may be the right product for you. Similar to CD’s, you can purchase an annuity with a guaranteed interest for a period of time. The term could be for 3, 5, and 7 years or longer.
Instead of collecting monthly payments right away (which is called annuitizing) you can defer receiving payments. This type is called an indexed annuity. You simply let the money grow and accumulate before you take it out. Neat, right?
This isn’t the only type of annuity. There are a couple of options available to fit different needs. Give us a call or fill out our contact form to speak with a knowledgeable advisor who can get you started on the path that’s right for you!