Market Volatility Highlights Benefits of Guaranteed Income

Market Volatility Highlights Benefits of Guaranteed Income

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Market volatility like we’ve seen so far this year can be particularly unnerving if you’re nearing retirement. Just one week into 2016, the S&P 500 lost almost 6% of its value — its worst opening week yet.

Exposure to the stock market allows pre-retirees to accumulate enough savings for retirement, but times like this remind us of the need for diversification and low-risk investments.

Income annuities, a type of insurance that acts like a fixed-income investment, are one option. Life annuities provide you with a fixed paycheck for as long as you live. These include products such as qualifying longevity annuity contracts (QLACs), deferred income annuities (DIAs) and single-premium immediate annuities (SPIAs). Others, called period certain annuities, have different conditions.

 

Read more at http://www.nerdwallet.com/blog/advisorvoices/market-volatility-highlights-benefits-guaranteed-income/

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