Thoughts on the MasterDex 5?

Q: Hello Jeff. I have an independent agent who says I can do better with my money, which is sitting in a 403(b) account earning 12% this past year. Because of market fluctuations he feels that I should put my funds in a MasterDex 5 plan. He is adamant that I can do better. I am not very comfortable with this as most articles that I've read about equity indexed annuities have not been favorable.

I am 63 years young and have been retired for the past 3 years. My wife and I own a home with a mortgage.

What are your thoughts about... the MasterDex 5 plan, or any EIA's. I have read the report on MasterDex 10.

A: Let me understand this.

You have the money in a 403b where you can make changes to it and/or access it any time you want. The fees in your 403b are probably reasonable.

The returns are good.

It may be that you want to take steps to try to reduce the risk of loss in a bad market, but I personally don't think that EIAs are the route to take.

I wonder why the agent is so adamant?

Be careful, very careful.

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