JustKickItForward
Recycles dryer sheets
- Joined
- Aug 5, 2018
- Messages
- 75
We are thinking of putting some monies into this annuity product which caps gains at set certain rates in return for protection up to certain levels, and performance is pegged to one of three indexes such as the S&P500 (chosen by me). Funds are locked in for 3 or 6 year periods . WIthdrawals are subjected to the 59 1/2 years old rule on the earnings only.
We are considering this because our financial advisor states these monies will be shielded from FAFSA calculations (our kids are going to college in a couple of years).
What are people's experience and recommendations with these types products?
Is it against forum rules for me to post the name of the specific product I am thinking about so others can read the specific details before commenting?
We are considering this because our financial advisor states these monies will be shielded from FAFSA calculations (our kids are going to college in a couple of years).
What are people's experience and recommendations with these types products?
Is it against forum rules for me to post the name of the specific product I am thinking about so others can read the specific details before commenting?
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