There are Three Green Money Rules:
- The principle is protected from loss.
- The previous year’s gains are retained as interest.
- You can guarantee an income for life.
The best fit or asset for this column that achieves all three Green Money Rules are Fixed Indexed Annuities. Let’s see how a basic indexed annuity works.
ABC’s In 10 Years
How does The Financial ABC's of Retirement Planning strategy perform if we did the last ten years all over again?
- No one can predict the future results of the market.
- We know that historically the market does two things very well…it goes up and it goes down.
- We don’t know when or how much increase/decrease the future will bring, but we do know that we will experience them at some point.
- The closer you are to retirement the more difficult it is to “ride out” the bad years.
It is critical to understand this and make sure that your portfolio is set up for your future, you do not want to get caught in a position of doing the same thing over and over expecting different results.