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John Nicholson is the founder of www.The 401K Man.com, an independent insurance & financial services agency dedicated to helping others find their solutions through the myriad of choices when seeking insurance, retirement and financial advice. John's career path began with helping others in the late 1980's and early 1990's. The 401K Man is an independent agency servicing the Midwest which provides a wide variety of choices as opposed to one size fits all plan available at many of the larger financial or "brand" insurance companies & firms. We offer many solutions from basic insurance policies to comprehensive estate planning.

Friday, June 28, 2019

Variable Annuities


Variable annuities are quite a bit different than their counterparts Fixed and Indexed containing the same word Annuity.
Annuities have become a large part of the retirement and investment plans of many Americans. The biggest difference that separates a Variable type Annuity is the fact that a Variable Annuity will contain Securities that will go up and down with the markets where a Fixed or Indexed will go up and down yet have a floor to stop losses as well as retain your gains as you keep the annuity over time.
Before you buy a variable annuity, you should know some of the basics – and be prepared to ask your insurance agent, broker, financial planner, or other financial professional lots of questions about whether a variable annuity is right for you.
This was a general description of variable annuities all Annuities set out to do a different goal for you. Before buying any variable annuity, however, you should find out about the particular annuity you are considering.Annuities vary from the selections you can make inside for your retirement income to how the insurer may distribute the income in retirement. Request a prospectus from the insurance company or from your financial professional, and read it carefully. The prospectus contains important information about the annuity contract, including fees and charges, investment options, death benefits, and annuity payout options. You should compare the benefits and costs of the annuity to other variable annuities and to other types of investments, such as mutual funds.
If you would like more information on how to invest your 401(K) safely with low or no risk call the experts toll free at 877-775-0812 You may also send your questions or request a free initial consultation at your convenience here at The401Kman.com