The real question isn’t whether or not you know, rhetorical question isn’t how much more money can you lose? The better question is, what’s the probability of success with the current loss that you’ve taken.
In the world that we live in today, where you have most people retiring without a pension, the first step for any retiree is to protect the retirement lifestyle by creating their own private pension.
So, we want to mitigate that downside risk, because in retirement, it really is about mitigating, mitigating the downside, it’s not so much more about how much you earn, right, as it is about how much you keep, and the return of your money versus the return on your money.
People now are relying on the money they’ve accumulated in their retirement accounts, to start withdrawing that money from those accounts to live off of as income. And the big question is, are you going to have enough?
The person that pays the bills and the family is the one that has the most stress and anxiety about retirement.
The bank CD alternative today is what we call a fixed annuity. It’s so simple, and it’s so easy to use that it actually gives you a guaranteed rate of return just like a bank CD does.