National Retirement Planning Week took place in April, and the whole month was Financial Capability Month. April was full of encouragement for individuals to move their retirement savings plans forward.
California’s insurance commissioner, Dave Jones, took part: He put out a widely circulated press release encouraging all Californians, and all Americans, to consider the role annuities can play in securing their financial future.
“Whether you are a Baby Boomer, Gen Xer or a Millennial, you need to be proactive and have a plan for retirement,” Jones said.
(Related: NAIC Tees Up on Annuity Suitability Models)
I was impressed to see Jones work to educate people, to ensure that they understand how crucial it is to be aware of all of the retirement options, including annuities, that can help protect their future financial security.
And I wasn’t surprised by his comments. Why? Because, when it comes to retirement savings strategies, adding a fixed indexed annuity can diversify and bring needed balance to a retirement portfolio, and complement employer-offered plans, like 401(k) plans.