In this segment of Right on the Money, Barry Levie, President of Barry Levie Financial, www.barrylevinefinancial.com, discusses the advantages of fixed indexed annuities in retirement. The first aspect his clients notice is a dramatic reduction in fees. "They're paying 1 or 1.5 percent just to park their money somewhere," he says. But the real change comes in principal protection. Although no one can predict how much an account might appreciate during a year, with a fixed index annuity, Levie can look his clients in the eye and assure them, "You won't lose a penny."

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Licensed Insurance Professional. Respond and learn how financial products, including life insurance and annuities, can be used in various planning strategies for retirement. This material has been provided by a licensed insurance professional for informational and educational purposes only and is not endorsed or affiliated with the Social Security Administration or any government agency.