If you needed complicated heart surgery, would you choose an experienced, successful surgeon or a college student who had only seen the procedure in a text book? The choice is pretty simple, right?
Other choices are similarly important have life-long ramifications.
How you financially plan for your retirement can mean either living securely, knowing your money is safe and protected, or living in fear that your money will run out, leaving you broke.
Many people turn to traditional investments like bonds, but is that a wise choice? Let’s find out what one of the planet’s wealthiest men, an investor who has made billions, has to say.
According to Warren Buffett, CEO and chairman of Berkshire Hathaway, investing in bonds is risky. His concern is inflation. He says that bonds “have destroyed the purchasing power of investors in many countries,” and added, “Right now bonds should come with a warning label.”
To give some background, while stock market ups and downs reflect how companies perform, bonds simply reflect if companies stay in business. Because bonds are viewed as being more conservative, they come with smaller gains—usually bonds only give a return of about 2 percent. Back in the 1980s, treasury bonds could offer a 15 percent return, but with current interest rates staying low, it’s considerably lower. Throw in inflation, and that 2 percent return is erased.
So in the world of investing, investing in bonds is like putting your trust in that student surgeon—with an unknown and even frightening outcome.
However, investing in annuities is like the trained, skilled surgeon—with a history of successful and lifesaving outcomes.
Annuities are a helpful, valuable tool for many people approaching retirement and looking for a secure, stable place to grow their money. Fixed annuities are guaranteed, lifelong streams of income. They are similar to a company’s pension plan, but it’s you, not an employer, controlling your money.
I’ve been in the business for more than 30 years and have an A+ rating with the Better Business Bureau. I know how daunting it is to think about retirement savings and planning for the golden years of your life. Contact me today and I can teach you about annuities and show you how to retire with confidence and security.