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What is the downside to buying a fixed income annuity?
Tony Robbins describes fixed income annuities as a great investment in his new book. He claims that investors, for a small fee get most of the upside when the stock market goes higher and their money is protected if the stock market goes down. Sounds too good to be true.
4 Answers
- ?Lv 76 years ago
It can be an appropriate investment for people that are extremely risk adverse. They have HIGH fees, not low. They will provide you a consistent stream of income that is NOT adjusted for inflation so the pay out doesn't not keep up with inflation. The funds that claim to give you the upside of the market..do so in a VERY limited fashion.
- Anonymous6 years ago
It IS "too good to be true"; whilst investors money is indeed "protected if the stock market goes down", they do NOT get anywhere NEAR the upside when the Market rises...
Robbins has "jumped the shark" and no longer cares if many folks can SEE he is a scam artist...
- Anonymous6 years ago
It is. I wouldn't be taking investment advice from him.
