I hear the following statement frequently: “Annuities 'lock up' my money, and I want to be able to get to my money if I need it.”
Yep, there are indeed annuities which have surrender charges (similar to bank CDs), and there are many good reasons for those charges to exist.
If you're someone who likes the safety and guarantees of annuities, but you absolutely need and require 100% access to 100% of your money, 100% of the time, you're in luck...
You really can "have your cake and eat it, too!"
There are 166 Fixed Annuities offered in Texas by A-rated carriers that offer a no-cost Return of Premium (ROP) guarantee.
The ROP guarantees all provide the same thing – a contractual guarantee that, at ANY time, the owner of the annuity contract can cancel/terminate the contract and receive NO LESS than 100% of the original money placed into the contract, less any withdrawals made by the owner.
How’s that for “100% access to 100% of your money, 100% of the time?”
So... if you’d like to:
- Protect your nest egg from any losses if/when the stock market declines/crashes, and lock in gains for your nest egg when the stock market moves higher,
- Have a “private pension” – a contractually guaranteed monthly check you and your spouse can never outlive,
- Have 100% access to 100% of your money, 100% of the time,
BTW, there are many creative ways these "ROP" annuities can be used, and I'll be happy to share these strategies with you.
I’ll also be happy to provide a list of the 166 Fixed Annuities offered in Texas (and the list for any of the other 49 states) that provide the contractually guaranteed Return of Premium option.
100% access to 100% of your money, 100% of the time – "Misunderstanding" Solved!
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BTW - check out the "USDebtClock.org" link just below the "Ask Rick A Question" box, or just click this link - you might find the site interesting...