Tuesday, June 16, 2009
Annuities: Safe Choice in Choppy Market
With the recent credit and market insecurities, many people have lost as much as 55% of previous investments in their stock driven 401k's and IRA's. For some, this isn't the end of the world as they may be young enough to make up for the losses in the future. For others, the loss comes right at the time of retirement and will have devastating financial outcomes.
Given the current market conditions and the see-saw nature of the S& P and Dow Jones, now may be a great time to consider an investment in an annuity backed IRA. These operate in much the same way as stock driven IRA's, except without the risk of losing your investment. These types of IRA's offer guaranteed interest rates which, as we have all now seen, stocks do not!
There are various types of annuity products available, some of which are readily available to transfer your existing stock driven IRA's directly over to a guaranteed interest rate annuity IRA. Whether you have a qualified or non-qualified fund, we have a solution to fit your needs.
Now is the time to talk with your Absolute Agent and discover the awesome power of guaranteed interest rates combines with the power of compounding interest. Don't let your money slip away in the market. Call today for information.