Protect yourself against the risk of outliving your assets
The steady stock market recovery has continued since the financial crisis of 2008, and this past year saw equities set more new records. Many people have scored attractive investment gains as a result of this bull market run. But when it comes to the stock market, it’s wise to remember that what goes up can just as easily come down. What would a major drop in the stock market do to your retirement plans?
For some, the answer has been to seek shelter from inevitable market volatility in certificates of deposit (CDs) and money market accounts. Unfortunately, these accounts continue to set records of their own – historically low returns that often don’t keep pace with inflation.
Get in the game.
There are new annuity products that allow you to participate in the market’s upside potential and defend against loss by setting a limit on downside risk. And there are other options available to convert investment dollars into a guaranteed stream of retirement income you can’t outlive. The record stock market highs and interest rate lows could mean it’s time to review your current portfolio and discuss these new opportunities. If your goal is to help protect gains and reduce risk in your investment portfolio, it may be time to step off the sidelines and get in the game.