We think so. Programs have been developed to help people who are concerned about the uncertainty of the stock market while at the same time feel it is important that their monies can do well. In other words, “Prosper in an up economy and be protected in a down”.
These plans are best suited for retirement accounts such as Roth IRA’s, Traditional IRA’s and 401K rollovers.
The plans we favor possess the following benefits:
It is not too good to be true. These programs have been around for over a decade and attract billions of dollars annually because of what they do --- Potential and Protection.
Some of the plans have been around since the early 1990’s.
We began researching them after 9/11. We saw that the most popular means of safeguarding retirement assets; Diversification/Asset Allocation, failed miserably in the downturn. A more effective solution of protecting people’s wealth needed to be sought out and I found the plans we are using today. We refer to them as Index Capital Appreciation Programs (ICAP) because it so accurately describes them.
There are no fees or loads associated with these programs. The respective companies make money by investing participant’s contributions into secure long term investments.
We do not charge fees. Our compensation comes from the general accounts of the various companies we select for our clients – not from our clients' accounts.
We are proud to say we have no affiliation, in any manner, with any bank, brokerage firm or insurance company. We are completely independent!
We do not know for certain, but we personally believe the financial planning and brokerage industries want to continue to do business as they have for so many years. It is difficult for them to break the traditional approach of asset allocation which does not work in volatile times.