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Fixed Income Investing: The “Secret Alternative” to Equity Indexed Annuities
For many investors, the concept of an equity indexed annuity (EIA for short) – which establishes a guaranteed minimum rate of return, and the ability to capture the upside of the next bull market with no risk of loss – is proving irresistible. That’s especially true at a time when the Standard & Poor’s 500 Index is still down nearly 45% from its 2007 high of 157.52 and new U.S. President Barack Obama’s stimulus plan has yet to be finalized.
But at the risk of receiving more than a few sharp emails from industry professionals who…
3Feb2009 | Money Morning | Comments Off | Continued
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