Annuities

Imagine your retirement journey as climbing Mount Everest. The peak represents your retirement date – a moment of achievement, but also where the risks intensify.

You want a retirement income strategy that will last your lifetime, but what’s the best method of achieving that?

Interest rates might be at 20-year highs, but you can utilize this current economic environment to your advantage through the use of guaranteed lifetime income solutions, such as annuities or insurance products.

Amidst today’s record-high interest rates, you have an opportunity to explore investments that might be better suited for this environment. While certificates of deposit (CDs) and fixed annuities are common suggestions, there's another option worth considering: A fixed index annuity.

If you’ve ever wondered whether or not annuities could hold a viable place in your portfolio, it’s important to first understand what they are and are not.

While annuities have faced their share of criticism over the years, the reality is, these investment vehicles have the power to help address some of the biggest financial concerns: Fear of outliving your money, becoming a burden to your children or lacking coverage in critical care situations.

You’re in the midst of a unique retirement planning environment. Many retirees can no longer rely solely on pensions and Social Security for lifelong income, and as a result, annuities (specifically fixed indexed annuities – FIAs), have gained popularity.

Annuities can be a versatile financial tool in your retirement plan, but it ultimately depends on your unique financial situation and goals.

If you are focused more on outperforming in bear markets than bull markets, fixed indexed annuities might be the answer, especially given this interest rate environment.

Your retirement income strategy should be crafted with the end-goal of providing lifelong income. Amidst recent risk factors such as inflation and market volatility, one way to guarantee that income is by leveraging annuities.

If you’re near or already in retirement, an active management approach will help offset the volatility we’ve continued to see.

You may have turned away from annuities for the last decade, but given shifting interest rates and an evolving product landscape, it could be time for a second look.