Vaccines and Volatility

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.

• You have a stated rate guarantee for 3-5 years… called a Multi-Year Guaranteed Annuity. This are for people that are desirous of a product that usually provides a rate higher than most bank CD’s.
  
• You have read about immediate annuities. This provides a stream of income from day one that will be there forever and never change.
  
• Fixed Index Annuities provide interest credits linked to an index. You have a cap, so you won’t be hitting home runs. But, you will never lose a penny of principal or previous gains in a market turndown. Some have income riders that allow the insured to turn this product into an income annuity. But you are not locked in and you can start and stop.

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. ​

See A Financial Doctor

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Until next time… good selling!
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Raymond J. Ohlson
Founder & Retired CEO
Ohlson Group
​1-877-844-0900