3 Cases for Annuities in a Turbulent Market
February 14, 2019 by Jason Allen, CFP
While there’s nothing unusual about volatility in stock markets, the big swings up and down we’ve experienced recently can amplify anxiety for those clients who are nearing retirement. Whether you are planning for the next correction or the next bear market, advisor-client conversations can focus around answering the following series of questions:
- What are the available investment options to protect against a market correction?
- Does it make sense to take some of the gains achieved over the past decade off the table?
- How important is establishing a guaranteed source of income in achieving long-term goals?
- What level of certainty is needed to achieve generational wealth transfer goals?
Making the Case for Annuities
With many clients experiencing double-digit growth in their portfolios over recent years, now may be the right time to explore annuities as they can provide certainty and guarantees for a portion of a client’s investable assets.
Originally designed to provide a guaranteed source of income, annuities have evolved over the years to fulfill particular areas of financial planning. Similar to other areas of the investment product universe, annuities have gone through many transformations, new product developments and enhancements over the last 20 years to keep pace with consumers demanding more from their portfolios.
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