Why Are Baby Boomers Pouring Billions Into Fixed Indexed Annuities?
The US stock market has become the most extended bull market in history (as of August 22nd, 2018), its now in its tenth year and the youngest baby boomers are turning 55.
Yes, the youngest boomers are at midlife, while the oldest is turning 72 this year, have been getting used to taking their Required Minimum Distributions. (RMD)
My, does time fly.
Sales of Fixed Indexed Annuities (FIA) hit a record $17.6 billion in the second quarter 2018, 17% higher than second quarter 2016 and 21% higher than first quarter sales results, according to LIMRA Secure Retirement Institute, an industry group.
“What was until recently an unloved bull market has now reached the point of “euphoria,” and investors are “having a hard time imagining a decline,” according to Morgan Stanley.
After all, what’s not to love about a bull market that has only two directions – up and up faster? It’s being called a “market melt-up,” and some people’s fear now is of missing out. I am here to tell you-you do not have to miss out, and the Fixed Indexed Annuity allows you to re-position some of your money into a no market risk Fixed Indexed Annuity, lock in your gains each year and still earn future interest based on the upward movement of a stock market index.
People who attend my Retirement Shield workshop and hear my Retirement & Income Radio show in Central Texas are part of this revolution.