Inflation is always nibbling away at your money, so keeping too much of your money in cash or low-paying “safe” investments is a losing strategy. For evidence of inflation, just ask yourself what a gallon of gas cost back when you started to drive.
If you would like to try for something potentially better than the low-interest-rate investments available from the "Bank" and other institutions in this super low-rate environment but you aren’t prepared to take losses, then a Fixed Index Annuity might be a great solution for a portion of your nest egg.
Additionally, if you like the idea of lifetime guaranteed income, similar to pension and Social Security checks that you can count on coming every month for your entire life, then certain kinds of annuities might make sense for you.
Depending on your goals, risk tolerance, time horizon, and other factors which we can help you evaluate, you might want to add this investment to your mix.
Lastly, please don't buy into the marketing hype you may see on the television that annuities are always good or always bad. It simply isn't true. It all depends on your situation and preferences as to whether an annuity might be right for YOU. We'll help educate you so you may make the right decision for you and your family.
*Subject to the claims paying abilities of the underlying insurance company.