If you’re anywhere near retirement age, or if you’re in retirement, chances are you’ve had an Equity-Indexed Annuity (EIA) pitched to you.
Now, if for some reason you’ve missed out on these pitches (Maybe you’ve been out the country? Don’t have a phone? Don’t read your mail?) here’s the gist: Insurance salesman tells you about this wonderful product that allows you to participate in the stock market’s upside, while not experiencing any of the market downside. In today’s stock market climate, sounds pretty good, huh?
A couple of things come into play that the salesguy doesn’t highlight for you:
First, …Read More
You get it: you need to invest wisely in order to grow your wealth.
You understand the importance of getting your money into the market, and you’ve been diligently contributing to retirement accounts and maybe even a brokerage account for years now.
But you can’t help but wonder… are you investing in the best possible way? Are you potentially missing out on a better investment someone else is using that you don’t know about?
It’s reasonable to feel this fear of missing out on something great — or having a little investing FOMO. It’s when you act on this fear that …Read More