Variables You Can Count On
A majority of Americans aged 55 to 80 have fears about investment risks that are undermining their confidence to invest in the stock market. But with traditional pension plans becoming more rare and Social Security’s future in question, many Americans may need to pursue stock market gains in order to avoid a retirement income shortfall. One way to pursue gains in the stock market while also limiting downside risks is through the use of living benefit guarantees that are offered with some variable annuities (for an additional cost). Living Benefits A variable annuity is a long-term financial vehicle designed for…