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Annuity Watch

No one lost money in a fixed annuity last year

Why do annuities get a bad rap? Even with all the recent news from financial pros and government officials singing their praises, annuities are still often vilified. Most often by people who lump all annuities together. That's a gross over-simplification and large error. But the Examiner's Robert Stack paints his real-world story that sums up why that picture is false:

[N]o owner of a Fixed Annuity lost a penny last year to the market collapse. The WORST any annuity owner did was keep what he already had, including earnings from the year before. That was the case for my own annuities. Not one single cent less in 2008 than I had in 2007. Those that lost large sums in the market should ponder why an annuity was not "no good" and not part of their own plan.

Hello, news people? Read that. Read it again. And then print it, would you? Because the troubles are far from over, particularly those entering or already in retirement. If you're ready to find out how fixed annuities can be used as a part of your smart retirement planning, we can help.