This week’s episode:
On the market:
We use the word annuity quite a lot and some folks have asked if that’s our only product. In fact “annuity” is just a word for a whole range of different products and it’s fair to say we have something for almost everyone. “Annuity” is a generic word like, for example, “securities.” Do you want a guaranteed lifetime income? We can do it. Grow your capital for your heirs? We can do that too. These days, you might say annuities are a very low risk way to meet all your investment needs, sometimes even a no-risk way. Now we’ve cleared that up, come in and see us!
From our seminar:
Why do we talk so much about inflation? Because it affects the price of everything from your household budget to your investments, that’s why. It is very important to get this one right.
- A client came in not long ago hoping to increase his income. He’d been retired for 10 years and inflation was putting the squeeze on his income. He had started off with a good, solid 401k that he invested for the future, but then he met a guy with a good idea that didn’t work out and he lost money. Later he met another guy and this time his 401k took a bigger hit. By the time he came to us his 401k was a lot smaller than it was when he started and it is going to be hard to top up his income. Moral of the story: there are a lot of “guys with good ideas,” but if you’re retired or closing in on retirement they’re probably not for you.
- A number of lucky people still have old fashioned, defined benefit plans. They’re very good but most of them don’t grow with inflation. That’s bad news when you want a long and contented retirement. If you have one of these plans come and see how we can help you. You’ve got nothing to lose.