Who sells annuity In Alpharetta
If you currently own an annuity or are asking questions about a purchase gives us a call. There are several options available to you for Growth and Accumulation with protection from market loses. Let us help you navigate.
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I love to talk about this topic primarily because its stirs up a lot of misconceptions and false narratives.
But briefly let me put this in prospective for today’s investor
According to LIMRA over $77 Billion was poured into annuities in the 2nd qtr of 2022, a 22% increase from the first quarter.
This marked the largest increase in the history since LIMRA began to track and it beat it its previous high by over $9 billion set back in 2008, during the great Recession.
Why is there currently over $2.5 trillion US dollars alone sitting in Annuities!
LIMRA went onto say that with rising interest rates and Annuity manufacturers offering 4 to 5 times higher rates than CD ‘s at banks and growth with protection investors are seeing tremendous value.
That said, our job is to make sure you understand every aspect of Annuities- the do and don’ts.
What dollars are best suited to place in these type accounts and which ones to avoid.
First and foremost is Protection of Principle and a Guaranteed Income for you and your spouse.
In today’s environment with having to create your own pension and not relying on just social Security the consensus is Yes. Annuities account for over 2.5 trillion dollars being paid out as pensions. Most all government retirees are paid through annuities including teachers, state, county, and municipalities.
These dollars (tax deferred) are the best dollars to use for this purpose. Why? You can not access Qualified money (never Taxed) till 59 1/2. Then you will only take out what you need primarily for income. Therefore, since no IRA can guarantee a lifetime income, then an annuity is a better choice. In addition, this income will be passed to your spouse for the remainder of her life.
Primarily because they have changed so much from the past. Where you can get stock market returns and protect your principle from losses. Today’s volatile markets have people looking for alternatives and avoiding the swings from stock market losses.
Since annuities are guaranteed through the issuing Insurance company, they like the peace of mind of knowing I can get growth with Income.
