9 Nov2014

Peace of mind during retirement? Annuities should do the trick…

As retirees get older, the fear of running out of money and losing a fixed income sets in rapidly. I speak with individual clients on a weekly basis that just want to make sure that they don’t run out of money. From our conversations, it’s easy to see that they want peace of mind first as opposed to stellar returns. The reality is that most retirees have a tough time making a decision between good returns and safety of principal regarding his/her retirement accounts.

It’s certainly not a one-size fits all decision. Some folks want all of their retirement accounts in safe-money vehicles, some want all of their retirement accounts in risk vehicles, and some will split it between the two. I always remind the ones that have all of their money at risk that along with those ultimately desired stellar returns comes risk to principal and/or complete lack of mental stability. This may sound a little dramatic. However, the peace of mind that comes with knowing that your accounts are not losing money in a down market can be priceless. I had clients that called me in March of 2009 that were “tickled pink” and thanked me profusely for encouraging them to allocate a portion of their retirement accounts into a safe-money vehicle. They were ecstatic with the reasonable rate of return that they were able to achieve and more importantly, were enthusiastic about their mental state in a tumultuous market. Don’t just take my word for it. Please read the following article and call my office at (678)684-7221 or email me at This e-mail address is being protected from spambots. You need JavaScript enabled to view it to let me know what you think.

http://www.marketwatch.com/story/retirees-need-less-stocks-more-annuities-2011-07-11

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