Each week, Jim Byrd and Biff Hamel provide valuable financial information about retirement planning. If you don’t catch the radio broadcasts, you can listen to the podcast here or on iTunes. Highlights of this week’s show:
Christmas is Coming!
- Safe Harbor Financial is accepting Christmas gift donations for the Volunteers of America 10 Caring Gifts event. Clients can also bring gifts to the annual client Christmas party and we will deliver them.
All Annuities Are Not the Same
- Anti-annuity ads are still out there and they are not telling the whole truth. All annuities are not the same. There are variable, fixed, and hybrid annuities and each is structured differently. The truth is, over 83% of annuity buyers are satisfied with their purchase.
- Unlike the traditional investment portfolios offered by brokerage companies, fees for annuities average less than 1%.
- Every cent you pay into our annuities goes to work for you. In truth, the insurance company pays the commission, not the investor.
- We also have a product that has no fees, has a guaranteed fixed income, and absolutely no market risk. We have clients who love this.
- Hybrid annuities give you a guaranteed income of around 7 – 10%. There are no guarantees in the general stock market in which you run the risk of market fluctuations that can potentially destroy your retirement portfolio overnight.
- If you’ve suffered declines in your portfolio, some annuities pay a bonus up front which can help compensate for any market loss in traditional investments.
New Risk Measurement Tool
- When people come into the office for their complimentary consultation, we use our new cutting edge tool to accurately measure their risk tolerance which is delivered in a single number. Then we measure the risk in their current portfolio.
- We routinely discover that people are exposed to far more risk than they feel comfortable with, and they have absolutely no idea.
- Once people discover their future is at such risk, they often decide to switch their portfolio around to help insure their future income. And we can develop a portfolio that scores the same as your Risk number.
- But we don’t focus on selling you products. We focus on you, your family’s goals and dreams for retirement. Once we know that, we have a complete selection of products that can help you accomplish your retirement dreams.
Come see us. We don’t pressure people. The consultation is complimentary and no-obligation. Call us at 251-625-1226. Even on a weekend you can call and leave a message and we’ll get back to you as soon as possible.