USA Today in an article written by Christine Dugas talked about a new proposal from the government which would add an option to include Annuities when they are ready to retire.
This really isn't news. I have been offering my 401K Plan clients the ability to do just this for several years. All of my plans include a client option to save during their working years and to handle either some of their retirement assets or all of their assets utilizing Fixed Indexed Annuity (FIA) Products when they actually do choose to retire.
All annuity products are not equal. Not all annuity products offer protection from market risk combined with lifetime income streams that a client cannot outlive. Only an independent licensed insurance professional can truly help you find the ideal Annuity Product or in many cases offer you the right combination of Annuity products that meet your strategic retirement goals. Independent agents can select the best product from multiple carriers that address different parts of your long term goals. We need money in retirement at different times and with different liquidity requirements. We will talk more about this later.
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