Hall of Fame producer, Jim Byrd, along with Biff Hamel and Gary Garner host a fun and educational financial planning radio show each week called Safe Investing in the New Economy. It is heard on WABF 1480 AM radio, FM Talk 106.5 radio and Fox News radio 710 WNTM. Listen to the show weekly on the radio or the podcast on iTunes. This week’s discussion covers information about Annuities you probably haven’t heard anywhere else and several invitations to get more retirement planning information at no cost to you. Here’s a quick summary but there’s much more in the actual recording.
Annuity Sales are Soaring
How much are annuity sales soaring? And why are people flocking to them?
Fixed index annuities sales are predicted to soar 35% in the next 5 years. *
People are looking at fixed income annuities because they want and need safer investments.
Annuity sales are predicted to rise to $32 trillion by 2026. *
2018 was a record-breaking year with total fixed annuities up 27% to $133.5 Billion. *
That’s a lot of money going into annuities. Why do people buy annuities? With the market volatility we have seen for months now, people want market-like returns without risk. Some of the annuities are offering guaranteed interest rates of up to 7.5%. Also, there is frightening news about Social Security and Medicare. Medicare is projected to pay only 70% of today’s payments by 2035 and Social Security is projected to run out of money by 2025.
Annuities are essentially pensions plans provided by a private company. If the reason you saved for retirement was to provide a certain income, annuities give you that certain income and help reduce stress about your retirement. Lots more information about fixed index annuities here.
Retirement Planning Considerations
Your retirement fund has got to be in a safe secure place so you can take care of your family after you stop working. When you retire, you don’t get a paycheck anymore. You can save all your life and when you retire, you have to live with the decisions you’ve made about where to invest that nest egg. Nothing in the market is guaranteed. But we offer plans with guaranteed income for life, safe from the pressures of the volatile market. We offer a guaranteed income you can’t outlive and some of our plans include long term care insurance and double benefits if you go into a nursing home. You’ll probably have to supplement your Medicare somehow and one of the best strategies is to have a guaranteed income from annuities.
We suggest everyone start as early as possible. Talking to young people, we always say, start saving $150 per month and you will probably have enough to retire one day. And it takes a long term commitment to have enough. We can show you how when you come in for your complimentary consultation.
We have so many products to choose from, and very few of these are available from a regular broker house. Our clients get a guaranteed check every month. That offers huge piece of mind. Most people aren’t aware that when a retired couple is relying on a regular pension, if the pension earner dies, that check stops, regardless of whether the spouse is still living or not.
Call for your Complimentary Consultation today.
We go over your concerns, a risk analysis, and your current portfolio. What do people have the most concerns about when we see them in our office?
Running out of money
Safety of their nest egg
What is going to happen to Social Security
How to afford the growing cost of health care
People are retiring early and how long will the money last.
Call today to schedule your complimentary consultation and let’s talk about your unique situation. We’ll help you identify your concerns and suggestions for all of them. Call us at 251-625-1226 or send us an email and we’ll get you in as soon as possible.
Retirement Planning Seminars
Another option is to attend one of our complimentary retirement seminars. We are holding two this month and one is sure to be near you. Tuesday, May 21, 2019 we’ll be at Jesse’s in Magnolia Springs, AL at 6 pm and Thursday, May 23, 2019 at The Original Oyster House in Spanish Fort, AL at 6 pm. Call to reserve two seats- one for you and one for a spouse or a friend- and we will give you a delicious dinner and some fun, educational information you can use to get started or improve your retirement portfolio.
Source: Financial Advisor magazine- https://www.fa-mag.com/news/annuities-sales-set-to-soar-35–over-next-10-years–limra-says-44558.html?section=304