What IS an 'Indexed Annuity'—and is the proper term ‘Indexed’ annuity, ‘equity index’ annuity, or ‘fixed INDEX’ annuity? You may be asking yourself: does the terminology matter? Well, the answer is a very definite yes, and knowing the proper terminology will actually help you to understand what a fixed index annuity is, how it works, and if one might be right for you.
By the way, the proper term is FIXED INDEX annuity, and on today's show Steve will explain exactly why, and a whole lot more. You don't want to miss today's show! MASTERING MONEY is on the air!!