We sometimes are asked who a fixed indexed annuity might be a good choice for, versus who might be suited to a variable annuity. And to answer that question, our attention was drawn to a very simple article published by the Insurance Information Institute (Which you can read by clicking here).  In short, fixed annuities or fixed indexed annuities may be a good choice for conservative investors who value safety and stability, and those nearing retirement who want to shelter their assets from the volatility of the stock market. You should only consider a variable annuity, meanwhile, if you are

Late Boomer’s Retirement A study from the Center For Retirement Research looked into the decline in wealth for late boomers, and explored what may have contributed to it: “The results show that two factors were at play – a shift in the population towards lower-wealth households and, more importantly, a weakening of the link between work and wealth accumulation.”   This brings to light the need to examine alternative sources of income. Most individuals use their accumulated savings to fund retirement income, and if work is having an impact on that accumulation, it might require us to examine different savings options.

When we think of retirement, we often focus on how much money we have in savings. We often forget that retirement doesn’t necessarily mean having to deplete our savings, it means creating a retirement income strategy off of those savings. Call us, we have some ideas that could allow you to obtain an income stream in retirement you can’t outlive, and even leave something behind for your beneficiaries. We’re always here to help.

We often look for ways to get a solid financial footing during the decade before retirement. For years, we save diligently and carefully follow a long-term strategy. But as retirement approaches, your priorities may shift. When retirement is on the horizon, pre-retirees may start to question the choices they have made. A loss of confidence in your retirement income strategy may cause you to act impulsively, or make emotionally-motivated decisions. Before you make any choices you can’t undo, how about you give us a call? We can help make sure you remain on solid financial footing. We’re always here to