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Friday, November 16, 2007

Fidelity growth and Income annuities

  • These funds are cheaper fee wise than normal annuities, offer potential upside growth of the equity markets, and you still have access to your money unlike a standard fixed annuity.

  • The downside is they are designed to exhaust after a set period. Say you need retirement income for thirty years. The fund is designed to pay off in that time meaning you will have zero left at that point. If you life longer than that you will need to have other resources.

Get lifetime income and growth opportunity in one convenient investment solution.

Fidelity Growth and Guaranteed Income1, our new variable annuity, can give you the financial security you’re looking for in retirement by offering you guaranteed2 lifetime income, tax-deferred growth potential, and income that is protected from down markets. Plus, you will have flexibility in case you need access to your money.

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