In this segment of Right on the Money, Barry Levie, President of Barry Levie Financial,, 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.