Quote:
Originally Posted by TNLAKEPANDA
50/50 annuities and index funds. The annuity returned 14% between 2/19 and 2/20.
|
If you are referring to a stock market based indexed annuity, a 14 percent return was about 6 percent less than the S&P 500 return for that period. But, you really can't calculate the return on an annuity for an arbitrary one year period. There are so many fees, surrender penalties, loopholes, etc. And, the guarantee that you will not lose money usually only applies to how much you invested vs how much you cash in years later and does not include the fees. Annuities are so deceptive that the companies that sell them will not even allow you to read the contract until you have already bought it. I have asked several insurance companies to send me a copy of their annuity contract, and they all refused to send it to me.