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You hate annuities? You've got to be kidding

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The annuity rush is on. 

People are transferring billions of dollars every month into annuities, and for many, the No. 1 reason is safety. Others are attracted to the possibility for more income, more growth and fewer taxes. 

What’s not to love? 

Some have called annuities nothing more than a tool. Here’s my point of view: Annuities are the foundation of solid wealth accumulation plans, and following some financial storms, the only thing left standing are annuities and life insurance plans — the financial wealth foundation. 

See also: A change of tune about annuities

Everyone wants to enjoy a happy and prosperous 2014. However, we have a lot of mixed emotions about the opportunity for prosperity in the new year 2014. 

Economist’s warning: Prepare for “massive wealth destruction” 

During a guest appearance on Chris Wallace’s FOX News Show, Joe Lieberman said he expects the DOW to soar above 18,000 and the S&P 500 to top 2,000 in the year 2014. 

Meanwhile, Marc Faber said well-to-do people may lose up to 50 percent of their total wealth. 

Who’s right? The economists who caution us to prepare for massive wealth destruction or Joe Lieberman, who anticipates that Wall Street will soar to all-time record highs? 

Well, the answer is, who knows? Or, more correctly, nobody knows. 

The million dollar question 

How can we profit in an up market, a flat market or a down market? 

The answer is with premium bonus indexed annuities. 

The golden years of retirement are supposed to be our time to do the things we’ve always wanted to do. How can we be assured of retirement income for life in today’s questionable economy? 

We are drowning in a sea of debt, with corporate, state and federal pension plans under water. How can we be assured of retirement income for life? 

With annuities, your clients can enjoy the golden years of retirement and income for life at a cost as much as 40 percent less than a traditional stock, bond and cash mix. 

And it doesn’t have to be either an annuity or a risky investment on Wall Street. Clients can have both, and the annuity will provide balance, stability and safety — the foundation of a solid wealth accumulation plan.

Disclaimer: When I talk about annuities I’m not talking about the costly, risky variable annuities that Jane Bryant Quinn labeled as “one faulty investment” in Newsweek. I’m talking about guaranteed, safe annuities that provide more income and more growth with less tax.

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