Athene Ascent Accumulator is not a broker-dealer. It is an annuity product offered by Athene, a leading provider of retirement savings solutions. While Athene works with broker-dealers to distribute their products, Athene Ascent Accumulator itself is not a broker-dealer.
FAQs about Athene Ascent Accumulator:
1. What is Athene Ascent Accumulator?
Athene Ascent Accumulator is a fixed indexed annuity that offers a combination of growth potential and downside protection for retirement savings.
2. How does Athene Ascent Accumulator work?
Athene Ascent Accumulator allows policyholders to link their returns to the performance of an index, such as the S&P 500, while also providing a guaranteed minimum interest rate.
3. Can I purchase Athene Ascent Accumulator directly from Athene?
No, Athene Ascent Accumulator can only be purchased through licensed financial professionals who are authorized to sell Athene products.
4. Are there fees associated with Athene Ascent Accumulator?
Yes, like all annuity products, Athene Ascent Accumulator has fees and charges that can impact your overall returns. It’s important to understand these fees before investing.
5. Is Athene Ascent Accumulator a good investment for retirement savings?
Athene Ascent Accumulator can be a suitable option for individuals looking for a balance of growth potential and protection against market downturns. However, it’s essential to consider your own financial goals and risk tolerance before investing.
6. What is the difference between a broker-dealer and an annuity provider like Athene?
A broker-dealer is a firm or individual that buys and sells securities on behalf of clients, while an annuity provider like Athene offers insurance products, such as annuities, for retirement savings.
7. Can I withdraw money from Athene Ascent Accumulator before retirement?
Most annuities, including Athene Ascent Accumulator, have surrender charges that apply if you withdraw money before a specified period, usually several years after purchase. It’s important to understand these charges before making a withdrawal.
8. Are there any tax implications to investing in Athene Ascent Accumulator?
Earnings on Athene Ascent Accumulator grow tax-deferred, meaning you won’t pay taxes on them until you make withdrawals. However, withdrawals before age 59 1/2 may be subject to a 10% penalty.
9. What happens to my investment in Athene Ascent Accumulator if Athene goes out of business?
Athene Ascent Accumulator is backed by the financial strength of Athene, but if Athene were to go out of business, your investment may still be protected up to certain limits by state guaranty associations.
10. Can I add a death benefit rider to my Athene Ascent Accumulator policy?
Yes, Athene offers optional riders, including a death benefit rider, that can provide additional protection for your beneficiaries in the event of your death.
11. How do I choose a financial professional to help me with investing in Athene Ascent Accumulator?
It’s essential to work with a licensed and reputable financial professional who understands your financial goals and can help you make informed decisions about your retirement savings.
12. Can I transfer funds from an existing retirement account into Athene Ascent Accumulator?
Yes, in some cases, you may be able to transfer funds from an existing retirement account, such as a 401(k) or IRA, into Athene Ascent Accumulator without incurring taxes or penalties. It’s important to consult with a tax advisor before making any transfers.