Can You Lose Money In An Annuity?

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

How Annuities Perform During a Recession

Fixed and MYGA Annuities: Stability and Security

Fixed annuities and Multi-Year Guaranteed Annuities (MYGAs) are popular for their stability. They offer a fixed interest rate over the annuity term, ensuring your principal and earned interest remain unaffected by market volatility. This guarantees your investment’s value, making these annuities a secure option during economic downturns.

Indexed Annuities: Balancing Growth and Protection

Indexed annuities are linked to a market index like the S&P 500 but provide a safety net with minimum guarantees. Even if the market index performs poorly, your principal is protected, and you might still receive a minimum interest rate. This balance makes indexed annuities a resilient choice during market fluctuations.

Variable Annuities: Potential for Loss

Variable annuities invest in a range of sub-accounts similar to mutual funds, which means their performance is directly tied to the market. In a recession, these annuities can lose value as the underlying investments decrease. This risk makes variable annuities less appealing for those seeking stability in volatile times.

RILAs: Controlled Exposure to Market Risk

Registered Index-Linked Annuities (RILAs) offer partial protection against market losses, sharing both the upside and downside of market movements. While they limit potential losses, they don’t eliminate them, exposing your investment to some level of risk.

How We Can Help

At The Annuity Expert, we understand the anxiety and uncertainty that comes with planning your financial future, especially in unpredictable markets. With 15 years of experience as an insurance agency and retirement planner, we specialize in finding the best solutions at the lowest costs. We know the core problem is the fear of losing your hard-earned money in a volatile market, and we’re here to help you navigate these challenges.

Our team is dedicated to providing you with comprehensive and personalized advice, ensuring that you feel confident and secure in your retirement plans. We stand for safeguarding your financial future and fight against unnecessary risks that could jeopardize your savings.

Can You Lose Money In Annuity

What We Recommend

Step 1: Free Consultation

The first step is to contact us for a free consultation. During this session, we’ll discuss your financial goals, current investments, and concerns about market volatility. The main benefit of this step is gaining a clear understanding of your financial landscape and the potential risks you face.

Step 2: Personalized Annuity Assessment

Next, we’ll conduct a thorough assessment of your current annuities and retirement plans. We’ll evaluate the stability of your investments and suggest adjustments to optimize protection and growth. The main benefit here is receiving tailored advice that aligns with your unique financial situation and risk tolerance.

Step 3: Implementing a Secure Plan

Finally, we’ll help you implement a secure and effective retirement plan. This includes selecting the right annuities, diversifying your investments, and ensuring ongoing monitoring and adjustments. The positive result is a well-protected retirement portfolio that minimizes risk while maximizing potential returns, leading to financial peace of mind.

Features and Benefits:

  • Guaranteed Returns: Fixed and MYGA annuities ensure your investment grows steadily without market risk.
  • Balanced Growth: Indexed annuities provide the potential for growth with downside protection.
  • Tailored Solutions: Personalized advice to match your specific needs and goals.
  • Ongoing Support: Continuous monitoring and adjustments to keep your plan on track.

Common objections might include concerns about the complexity of annuities or the perceived cost of advisory services. We counter these by offering clear, easy-to-understand explanations and competitive, transparent pricing.

Failing to secure your financial future can result in stress and uncertainty, especially during economic downturns. By working with The Annuity Expert, you ensure a stable, well-planned retirement. The positive outcome includes a confident, stress-free retirement, knowing your investments are safe and optimized.

Contact us today for free advice or a free quote and take the first step towards a secure financial future.

Is It Possible For An Annuity To Lose Money

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Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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