The Time to Buy Annuities is Now

September 7, 2017 by Kerry Pechter

Investors, like George Costanza on ‘Opposite Day,’ should never trust their own instincts. In 1975, when they should have stocked up on cheap stocks (as a guy named Buffett did), they wouldn’t touch equities. In 1999, when people should have dumped tech stocks, the dot.com mystique held them transfixed.

So it is today. Boomers should be buying guaranteed income products and treating equities like (excuse the near-anachronism) overdue library books. They should take the profits that the Fed has showered on them since 2009 and lock the gains into personal pensions.

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Originally Posted at Retirement Income Journal on September 7, 2017 by Kerry Pechter.