What most seniors don't know is that they don't have to risk their life savings in the stock markets to get a higher after-tax retirement income, An insured annuity is a low risk strategy that can increase your retirement income and still provide a size-able estate to pass on to your loved ones. They can achieve a higher guaranteed rate of return for the rest of their lives if they know how to structure this retirement concept correctly. Although there are many advantages to investing in annuities you nust also be awae of the disadvantages.
The dilemma for seniors is waiting for interest rates to rise. In Canada, interest rates have remained at historically low levels for over 15 years. This has moved some retirees to consider taking some risks in the stock market and risk their principle. This has created a serious problems for seniors who were caught in the market meltdown in 2008.
Other important factors for seniors to consider include:
the enormous mistake seniors make when investing in GIC's and Bonds.
the 5 important questions that determine if insured annuities are right for you.
about the "Golden Rule of purchasing an insured annuity" (Violate This Rule At Your Own Financial Risk!)
why the typical financial adviser can never promise you a higher rate of return using an insured annuity
how to protect your retirement income if a company goes bankrupt