How Safe Are Fixed Annuities?

  1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    Fixed Annuities are one of the safest long term retirement savings vehicle available.  They have a guaranteed interest rate and the ability to provide a lifetime income when you retire. While you will not experience the gains of riskier investments, you will also not have the risk of loss that you can incur in other investments.
    Answered on July 9, 2013
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    David RacichPRO
    Fountain Hills, Arizona
    Tax deferred, fixed annuities are based on the contractual claims in the annuity policy. The contractual claims in the annuity policy are as good as the financial strength and claims paying of the annuity company that issued the policy. Generally, fixed interest rate annuities guarantee a rate for a period of time like 5, 7 or 10 years. The annuity insurance company’s portfolio is generally dominated by government bonds.
     
    Answered on July 9, 2013
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