Don't play roulette with your retirement
Updated: Jun 15
A chance to earn more than a bank CD or a fixed-rate annuity is tempting, but that chance may come at a cost: the risk of losing your money.
You should never risk losing more than you can afford.
While some investments are called a "security," that refers to its ownership because you could still lose money.
A broker/dealer may say keep playing the market when your investment is losing value, but a loss costs you time, and the value may never return.
There is a better way to grow your savings than betting on market timing:
A fixed-rate deferred annuity is a low-risk product with annual statements. It's the way to go for savers who are too busy or don't have the skill to play on Wall Street.
A fixed-rate deferred annuity offers:
Growth of savings with no worries;
A benefit for your heirs;
A lifetime income benefit for you; or
Tax-deferral of interest outside of an IRA.
Savers love annuities when they understand how they work.