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Podcast: Your Personal Bank
Episode: Common Myth: If You Want Guarantees, You Have to Sacrifice Strong Returns. This is False.
Description: Ferenc Compares Index Annuities with the new Hybrid Annuities 1. A common myth is that if you want guarantees, you have to sacrifice strong growth. This is no longer true. 2. Ferenc shares a new client case that compared an Index Annuity with a Hybrid Annuity. Hybrid Annuity Index Annuity Growth: Limited: capped at 11-17% annually Unlimited: no cap Downside Protection: Partial: 10-20% Full: principle guaranteed Annual Fees: 2.5% None 3. If you have an annuity that has had under 7% returns the past couple of years, you have a subpar product with poor returns. You should consider comparing a superior product. 4. If you have an early surrender penalty, bonuses of 22-29% are available to offset the penalty with strong index options.