The equity index annuity (EIA) has been an incredibly popular investment product over the past 20 years. Supposedly, it lets you join in market index gains and defer income tax without any downside risk.
The popularity of EIAs rose during the Great Recession in 2008 and 2009 when investors began looking for safer investments. And they haven’t slowed down even now. Back in November of 2018, EIA sales were expected to exceed $70 billion.
However, there are misconceptions around EIAs, their lack of risk and the stock market in general. Do you really need an EIA? Learn more about this misunderstood investment product by reading my full article.
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