My mother was telling me all about the FIA and how they are the greatest thing since sliced bread. "All of the gains and none of the risk." Upon initial review, they certainly seem like a risk adverse investment that makes a significant gain without the risk of capital loss. What are the downsides?
I can see a few. No dollar cost averaging, No compounding throughout the year, Index Rate Caps. Anything else?
This seems like an investment for someone with a lump sum, who doesn't plan to add more, and who wants to earn more than they would in a high yield savings account without taking on any risk of capital loss.
Submitted February 12, 2019 at 08:05AM by 1h8fulkat http://bit.ly/2tkE9Zj
