What If There’s Another 2008 During Your Retirement?!

(don’t forget to checkout the chart pertaining to this blog too)

I talk to people every week who still have nightmares about their investments during 2008.

The reality is that we all remember the times our portfolio took a big hit.

It’s scary…

It’s nerve-racking… 🫣

It’s not a good spot to be in.

Especially if you are on the brink of retirement.

That’s why it’s so important to protect some of your money from market volatility.

This is what I often refer to as Safe money.

And that’s exactly what it is.

It is money that contractually cannot go backwards.

And it can be done in 2 entire different ways using insurance companies:

✅ One is with a Growth Annuity

This is money that is indexed to the market but only on the UPSIDE..

Meaning you have your principal contractually guaranteed.

AND, you get to participate in the market when it goes up (up to 11% per year as illustrated in the chart from earlier).

✅ The other way is with what’s called an Income Annuity

Similarly, you get to participate in the growth of the market (but only up to 6% as illustrated).

That’s because you also have an option for guaranteed, lifetime income at any point in time.

I talk about the importance of this frequently as a supplemental income source to your Social Security Income in retirement.

Income annuities allow you to participate in the market AND take guaranteed income credits from the insurance company as well.

These income credits can grow your future income value by 10% per year (or more) and they are contractually guaranteed…(meaning even if the market goes down the next 10 years your income is guaranteed to grow at a pre-determined rate)!

This gives you the ability to protect a segment of your wealth from the volatility of the market, while utilizing the contractual guarantees and income leverage offered by an insurance company’s portfolio to maximize your own retirement income….for life.

Let’s Chat 💬😎