There are different ways on saving money that different generations are doing. Putting cash in a piggy bank, joining an informal group saving or money-lending system, getting a savings bank account and even online banking. Everyone has a different perspective on how to save but shares a common interest when it comes to retirement; financial freedom. There are countless ways to safeguard this freedom, but obtaining a lifetime income seems to be the most accepted method. One way to obtain a lifetime income is depositing in a fixed indexed annuity (FIA) to your retirement portfolio. FIA's can help stabilize your portfolio and generate guaranteed stream of income to keep you and your family financially strong.
Here’s some information about FIA: FIXED – Fixed indexed annuities offer a guaranteed minimum rate of return. The value of an FIA will never decline. It enables the owner to enjoy interest growth tied to stock market performance without incurring any loss of principle because of stock market downturns. INDEXED – The index is used as a benchmark. You do not actually invest in the stock market, protecting your hard-earned principal from the uncertainty of market volatility. ANNUITY – An annuity is a contract between you and an insurance company. You make a deposit in the annuity, and it then makes payments to you on a future date or series of dates. The income you receive from an annuity can be doled out monthly, quarterly, annually or even in a lump sum payment.