Another article about the pitfalls of Equity Indexed Annuities (EIAs). These products are sold a lot to seniors and educators because they sound like a great deal. Who wouldn’t want the upside of the market without the downside…..the problem is that this is a lie.
If you are pitched an equity indexed annuity don’t be lured by the siren song. You’ll know that you are dealing with someone who is less than professional.
Scott Dauenhauer, CFP, MSFP