Our world continues to be filled with uncertainty. Covid appears it is here to stay as we consider vaccines, boosters, variants, and mandates. We are facing higher inflation, job, and labor shortages (which seem contradictory), and significant supply chain issues.
Still, the S&P 500 is up nearly 16% for the year, but what does it look like next month, next quarter, next year? Are we going to see a full-blown correction? The next several months are going to be very interesting to watch. Sooner or later, this Bull Market will end, and sadly, many will be caught short.
You may believe there is still room for the market to continue its upward movement, but are you willing to risk your retirement for every last penny of gain? Bull markets don’t typically crash; they tend to fade away, bouncing around a bit and head down gradually rather than going out with a bang. September saw a drop of almost 5%. What comes next? Do not chance losing big because you refused to get out when you could. Remember the age-old adage “Buy low, sell high” or, as Warren Buffet likes to say, “Be fearful when others are greedy.”
If you want to safely grow your money and have a guaranteed lifetime income, it is time to consider a Fixed Indexed Annuity (FIA). An FIA is an insurance product (not an investment) specifically designed to provide confidence in your retirement income strategy.
If you say you hate annuities, I suggest you may not understand how they work and the protection they offer. FIAs are especially useful for retirees regardless of what the market is doing. In market terms, there is no such thing as a good or bad time to buy an annuity. While the economy and market conditions can affect annuity performance, it is really your circumstances that are most important in determining timing. The demand for annuities continues to grow as consumers are looking for certainty. Why wouldn’t you consider an FIA that offers excellent upside potential with NO risk of loss?
Take a look at this simple video below to understand the basic concepts:
Who knows when the next recession will be? We don’t have a crystal ball and are not suggesting that you run out and convert all holdings to cash, but doesn’t it make sense to protect your retirement dollars that you have been working so many years to accumulate? Everyone knows someone who retired into the recession in 2008 with devastating results, don’t let this be you!
You are in control of your financial future; no one cares more about it than you. You do not want to leave your fortunes to chance, hoping for the best and having to settle for far less.
Fear of a recession is growing as we see some of the key indicators that are affecting the economy suggesting that there could be trouble ahead:
- consumer spending
- supply chain issues
- increase in corporate debt
- reduced manufacturing growth
- Covid
An FIA is an excellent option to diversify the fixed income portion of your portfolio. It is an incredibly powerful tool to avoid risk and have a guaranteed income stream that you can not outlive.
If you are getting nervous about the economy and are looking for peace of mind – give us a call at 574-234-1980 or contact us at hello@neeserinsurance.com, or visit our website at neeserinsurance.com to learn more. We have solutions to help you live your best retirement without worrying about what the market is doing.
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