It is not a matter of if, but when, because sooner or later, the Bull Market will end. Most people will not be ready for it, 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 tend to fade away, bouncing around a bit and head down gradually rather than going out with a bang. Don’t take the chance of losing big because you were greedy and refuse to get out when you had gains that could have easily been taken off the table.
Who knows when the next recession will be? NO ONE! As the late MIT economist (and Nobel laureate) Paul Samuelson famously once said: “Wall Street has predicted nine out of the last five recessions.” 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 to accumulate for so many years? Everyone knows someone who retired into the recession in 2008 with devastating results, don’t let this be you!
You are the only one that is 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 (yield curve inversion, increase in corporate debt, slowing GDP, reduced earnings, reduced manufacturing growth, and a rise in gold prices) suggesting that there could be trouble ahead.
You may want to consider a Fixed Indexed Annuity (FIA) if you are looking for protection against loss and the ability to lock in gains. If you say you hate annuities, I would suggest you may not understand how they work and the protection that they offer. FIAs are especially useful for retirees regardless of what the market is doing. FIAs offer upside potential while protecting against loss. Take a look at this simple video below to understand the basic concepts behind indexed annuities:
Learn About Annuities
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. We have solutions and are here to help you live your best retirement without money worries.
