Biggest pitfall to retirement? Ask most people what that is and they typically say that their concern is running out of money.
Ever consider an annuity product? Annuities, in their most basic form, are designed to deliver tax defferred retirement income for life. Annuity products can be a nice addition to a well balanced portfolio.
Clients are increasingly turning to these products to protect nest eggs against wildly gyrating equities markets resulting from 2008’s credit crunch and, now, a deepening recession. Given plunging stock prices, once high-flying stocks and mutual funds no longer seem like a sure path to a comfortable retirement. Hence the growing appeal of products that can guarantee a steady income and protection of principal.
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