Be Very Wary of Equity Indexed Annuities
By Dale Maley
Published: March 17, 2011.
78 million Baby Boomers start to turn age 65 in 2011. Many of these Boomers will be seeking investments that have low risk and high returns. Equity indexed annuities are promoted as low risk investments with high returns. This short story explores the complexities and hidden costs of equity indexed annuities.