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October 31, 2012 at 08:00 PM
In response to the LifeHealthPro.com article: “What do boomers think about fixed indexed annuities?”
America needs annuities. Annuities can help boomers and seniors avoid bankruptcy from low bank interest rates and market losses in IRAs and 401Ks.
~Paul J. Cross/ANBNC
Yes, fixed annuities, both “declared rate” and indexed, can be valuable tools for consumers (boomers included, perhaps even boomers especially). But, as is the case with any tool, a fixed annuity is just that, a tool. It’s not the only appropriate one, or one that will usually be more appropriate than any other. I’m not for or against annuities for precisely the same reason that I’m not for a .22 rifle or a 9mm semi-automatic pistol—or against either of those weapon types. I choose.
~John L. Olsen, CLU, ChFC, AEP
