Ever been approached by an agent selling annuities? Did you politely decline the offer because you were comfortable with you current level of investments and retirement funding? Are you reconsidering that level of comfort now that some of your investments may have lost a significant portion of your money?
If you haven’t considered a buy annuity program yet, now is the perfect opportunity to do so. A number of retirees are looking at their portfolios with both apprehension and fear.
With the recent economic downturns a number of them have lost significant portions of their retirement investments and savings. These significant losses have had a negative effect on retirement outlooks which has been exacerbated by the declining trend in Social Security payouts.
A large amount of these soon to be retirees have been forced to readjust their plans and postpone their retirement dates. You do not have to completely revise your plans. There are still investment options out there that can help you to finance your retirement goals.
There are buy annuity options out there that can still provide you with a level of financial security that you will be comfortable retiring with. Even if you don’t have a lump sum of money to invest today, you still may be able to open an annuity account.
You can still take advantage of a buy annuity program if you have another type of investment that you’d like to transfer into an annuity account. For example, you can take your 401k or IRA and roll it over into an annuity upon the date of your retirement.
You can also take a chunk out of your savings account or move around some of the other money from your investments into an annuity. With the unstable market it may be a good idea to put your hard earned money into a safer investment options such as an annuity.
Annuities are traditionally low risk investment options that offer you a high level of financial security. You won’t have to worry about not being able to access your money when you need it. You will receive monthly payouts in a specified dollar amount on schedule as planned each month.
If you didn’t think that an annuity was the right retirement investment option for you in the past, take a close look at your portfolio and rethink this evaluation. You may come up with an entirely different conclusion.
