More disasters and concerns include Hurricane Ida, COVID-19, and a February winter weather disaster in the United States and Mexico, among several other catastrophes and problems. What difficulties are now confronting the economy of the United States? The answer is multi-layered, but it can be summarized as follows:
- The economic downfall of a country (potential)
- The rise in the price of goods and services.
Where are your hard-earned retirement funds being kept safe? You are still protected if you have a fixed or indexed annuity on your account. Consider the simplicity that an annuity brings to one’s life. There are no charges, no loads, and no market risk. It is not stocks, bonds, or mutual funds that are reliant on fluctuating investment trends but real estate. It is dependable fixed/indexed annuities that will be used to fund the retirement of the Baby Boomers.
With Fixed Annuities, There is No Need to Be Concerned About Safety.
The insurance company does not borrow money to make high-risk or speculative investments. What makes annuities so secure? Consider the following scenario: Are you concerned that your homeowners’, car insurance, or life insurance provider may go out of business soon? No. It’s important to remember that annuities are not speculative investments but bank accounts guaranteed by cash reserves. While most financial institutions and investment organizations went down during the Great Depression, the insurance sector was “the last man standing.” This industry has remained the last bastion of financial liberty both then and now. The fixed annuity firm already has a portfolio of assets that may be used to back up the contractual promises. Annuities give a degree of economic security that cannot be matched by other types of investments such as equities, bonds, certificates of deposit, and so on. Annuities eliminate the requirement for the customer to put aside extra funds to cover any risks and expenses associated with the account’s administration.
The Bottom Line
If the thought of maintaining your retirement savings paralyzes you and gives you worry, you may simply transfer the risk to an insurance company, which will take care of it. Allow the annuity to offer you a safe and secure source of income for life.
Contact Information:
Email: [email protected]
Phone: 4022508277
Bio:
Carl Wyllie is an advisor focused in areas of Medicare, retirement, estate planning, and crisis planning. Carl works with individuals of all ages in planning for their retirement. He is uniquely effective in building working relationships between their families and elder care law attorneys to assist them in avoiding a healthcare crisis. Carl is particularly sensitive to helping provide the means for his clients to maintain their independence and dignity when a change in their health occurs due to the natural aging process.
