Which recommendation would be most suitable for a 40-year old client whose main objective is retirement income and preservation

Question

Aliun [14]

4 years ago

13

Which recommendation would be most suitable for a 40-year old client whose main objective is retirement income and preservation

of capital?

Business

1 answer:

beks73 [17] · Answer 1 · 2022-01-22T02:32:52+03:00

Answer:

fixed deferred annuity

Explanation:

The best recommendation for such an individual would be a fixed deferred annuity. This is a form of investment in which your money is locked in a guaranteed interest rate for an initial period of time, after which the interest rates may fluctuate but you are still guaranteed a minimum rate, regardless of the market conditions. This provides you an income on your capital while still maintaining your initial capital investment safe.