Lots of challenges today. As you already know, we are dealing with something that hasn’t affected America for decades. It is definitely creating a challenge for our business... but it is also creating new opportunities! As a veteran that has been through other significant challenges, let me give you a few tips for staying in the game.
Bottom line is this: You have the time, it is the right thing to do, it will pay dividends. And you can also be viewed as… a different experience Like many of you, I make sure that I get the flu shot, shingles vaccines, etc. Why? Because I see what can happen if I don’t take the precautions to avoid a sickness. We all know that regardless how good we feel today, danger lurks around the corner and we can all become victims. So why is it that some Boomers and the older generation don’t take precautions to avoid “financial flues?” I think that many of us have the fear of missing out. You know, missing the rise in this great Bull Market. But it is never a straight and endless shot to the moon. There will always be corrections. Is there a way that the soon to be retired, or now retired, can still get above average interest rates, have money linked to different indices, and have an income that they can’t outlive? Of course there is. Let’s review this option. This is a simple answer. Tax deferred annuities. There are many flavors.
I know that most of the people reading this know all about these products. There are some agents who refuse to sell annuities. And some that say if the client has at least $500K to invest, they'll give them a call. I like the fact that we can help the vast majority of Americans that might not have $500K to give us. I know this is a refresher course for most of the readers, but, ladies and gentlemen, we have the products to protect our clients from the next financial flu. Have questions? Give us a call... as the doctors are in the house. |
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