The Dow reached 20,000 last week for the first time in history, exciting investors around the world. While it’s more a psychological benchmark, its sheer numerical value has everyone buzzing. With the major indexes moving upward and interest rates beginning to rise, it seems as though investing could be becoming great again.
While there are no guarantees the markets will continue to move upward and interest rates will improve, the positive movement, thanks in large part to speculation on President Trump’s impact on the economy, is attracting more dollars to investments. So what should you consider?
It may be appropriate for you to divert some of your assets and gains into tax deferred retirement income in the form of an annuity. While annuities are no substitute for a well-balanced investment portfolio, they certainly can help supplement your income in retirement and provide guaranteed monthly payments for a set period of time.
There are many types of annuities, all of which have different riders available for purchase, and of course have their pros and cons. We’d love to discuss if investing in an annuity would be appropriate for you. Contact us to learn more – we’d love to hear from you!