Jim Byrd and Biff Hamel host a popular financial radio show each week on WABF 1480 AM radio, FM Talk 106.5 radio and Fox News Radio 710 WNTM. Safe Investing in the New Economy focuses on retirement planning and investing for a secure retirement. Be sure to listen to the free podcast on iTunes or on the website. This week’s show includes a discussion about hybrid annuities as a way to bypass the risk of market volatility.
Market Correction Makes Hybrid Annuities Look Better Than Ever
Biff and Jim reviewed how recent world events have impacted the stock market. Volatility in 2018 will probably be higher than in 2017 and the market has dropped 10% so far this year. If you’ve got tons of money and a 30 year horizon, you can afford a higher level of risk. But if you’re currently in retirement or quickly approaching it, you can’t afford to take any risk of losing your retirement income. That’s where hybrid annuities come in.
Annuities are gaining favor with brokerages, although they still don’t fully understand them. Annuities are insurance products and the insurance companies pay the fees so you don’t have to. Brokerage houses usually charge you a hefty fee for traditional investments that have no guarantees and leave you exposed to market risk at a time in your life when you can least afford to lose money in the market.
Because brokers don’t understand annuities, there is lots of bad press. But most of the bad press with annuities is about variable annuities, not hybrid annuities. Today’s hybrid annuities, also known as fixed index annuities, are much safer than variable annuities with low/no cost, high market-like returns, low/no risk, and they are much more liquid than they have been in the past. And they’re tax-deferred, so you only pay taxes when you take them out.
Call for Your Complimentary Appointment
Because we specialize in retirement planning and advice, we offer traditional investments as well as insurance products and the range of products we offer far exceeds those available by a regular broker or a bank. Some of our insurance products, such as our hybrid annuities, have nursing home coverage, home health coverage, etc. built right in. Some people add on a life insurance policy, which also feature lots of options. We can even put together a plan that front loads your income for the first 5 years while you’re still active and may want to travel or spend more money than in later retirement years. Call us at 251-625-1226 for a complimentary appointment or send us an email and we’ll review your portfolio for risk, measure your risk tolerance, discuss your personal dreams for your family’s retirement, and put together a full service plan for a safe, worry-free retirement for your family. We can start as young as you are. No need to wait until a certain age. The earlier, the better.
Upcoming Events- Save the Dates
- We’re filled up for our April seminars, 4/24 and 4/26. Call to be put on our waiting list for these or a future seminar. Seats fill quickly so call our office soon at 251-625-1226.
- May 10- Taste of the Town at Five Rivers Delta Resource Center with the Kiwanis Club of Daphne/Spanish Fort. Safe Harbor Financial is the title sponsor this year as in previous years.
- May 28- Memorial Day BBQ at the American Legion Post #199 in Fairhope, AL- Free meals for veterans.