Fixed Annuities May Offer Stability
In the wake of steep stock market declines in 2008, American workers have begun to doubt whether their tax-deferred retirement plans will be able to generate the income they will need during their retirement years. In fact, only 42% of participants in a 2009 survey still expect their 401(k), IRA, and other retirement savings plans to be a major source of retirement income — the lowest measure since the annual survey began. If you are concerned about having a stable source of retirement income, a fixed annuity may just fit the bill. Income Now or Later A fixed annuity is…