Can You Replace a Variable Annuity with a Fixed Index Annuity?
Retire For Less With The Annuity Expert by Shawn Plummer
Episode notes
Are you tired of watching your retirement savings drop during stock market crashes, all while paying massive 3% to 4% annual fees inside your Variable Annuity? If you want to move your money to safety, you might be wondering if you are allowed to transfer your funds into a Fixed Index Annuity (FIA).
In this video, Shawn Plummer from The Annuity Expert explains exactly how you can successfully replace a Variable Annuity with a Fixed Index Annuity. Shawn breaks down how insurance company "Suitability Teams" review these transfers to ensure you are actually put in a better financial position. By moving to an FIA, you immediately eliminate market downside risk and slash your annual fees by up to a third!
Plus, if your Variable Annuity has recently taken a massive loss in the market, Shawn reveals a brilliant strategy: using a Bonus Annuitย ...ย