Are you riding the stock market wave?

The stock market has been like riding a roller coaster for the last year or so. Up one day and down the next. Over the long term it’s overall trend is up, but in the short term it can be a scary ride.

As you get closer to retirement age it’s important to shift assets from the up and down’s of the stock market to more stable financial products. Annuities are designed specifically to provide stable and consistent growth that has none of the up’s and down’s of the stock market. If you are above the age of 55 or so it’s important to get at least a portion of your retirement savings into a product that provides stable growth.

Annuities are one of the best options out there. Some annuities are meant to replicate CD’s in their duration, but with better interest rates. There are some that use indices based off different grouping of stock prices to offer great growth potential, BUT with none of the downside of being in stocks. These products won’t go below 0% so you don’t have to worry about a 30% loss in your portfolio.

The main thing is to do some investigating of these products as you get closer and closer to retirement age. We offer a wide selection of these and can find one that suits your needs.