Once the financial marketplace began its shift in 2008, promises and contractual guarantees offered by variables annuities became a huge and monstrous potential liability for the industry. The liability was really a derivative, meaning a future promise paid for by consumers but expensive for the insurance companies to keep.
Planning your retirement means having a basic roadmap. Adjust and make sure you have control over your asset allocation and make sure it begins to change as you near the time when accessing your funds can provide the best “golden years” for you.
Think of your money like a safe, when the stock market drops, your funds jump into the same, when the stock market increases, your funds are in play. Your crystal ball would always know what was happening before it happened.
Finra and annuities
A terrific article in the Wall Street Journal based on research by economist Barry Bosworth at the Brookings Institution crunched the numbers and found that the richer you are, the longer you’ll live. And it’s a gap that is widening, particularly among women. Other than likelihood of access to better health care, what is it the rich have that poorer folks don’t have? Money in and of itself may not be the answer; the answer is less worry and having less stress. If you have enough money every month to live as you wish then you have less stress.