Federal reserve lowering rates for the second time is just again another band-aid on what is likely to be a recession coming in the future. It is just another pill or another piece of medicine to prolong what’s probably an inevitable recession.
Well, the Federal Reserve lowing rates again for the second time is just again another band aid on what is likely to be a recession coming in the future. It’s just, you know, another pill, another piece of medicine to prolong what’s probably an inevitable recession.
So, what it’s going to do is it’s going to make it tougher for savers and investors because if rates are coming down in the banks, then where else do you go to get a good potential return or yield other than the stock market? And I can tell you our clients are looking to reduce risk at the point of retirement. So, if you have lower rates in the banks and the only other place to get a decent return is the stock market, where else do you go and what do you do?
So, we really offer these great middle-ground solutions that a lot of people don’t even know about. They allow you to have another option besides super safe in the bank, but not really growing your money, and then everything at risk in the stock market. Especially, when you’re just about to retire or you’re in retirement. So, there are other ways to save money and to generate income. And one of the options that we use are fixed index annuities. These can be really great additions to your portfolio that give you some peace of mind and some sense of confidence with your plan. And it kind of fits right in the middle between the bank and the stock market.
All of our strategies include and incorporate protection and growth. Not just protection, not just growth potential, but protection and growth. And that’s key in retirement income strategies as you’re approaching retirement and in retirement.
Yeah, and most of you are probably people who fall in the middle. You’re probably not so conservative that you have money stuffed under your mattress, though we have seen people come in in that situation or with that mindset because they’re so nervous or because they have had so much loss. And you’re probably not super risky either. Most people that we work with and most people in this area do fall into that middle ground. So therefore, it’s usually a really great match with our philosophy.