Many older Americans face ugly futures right now for retirement. To retire on usual time, they must increase savings by as much almost 80 percent. However, savvy investors are figuring out how to close the gap for their retirement, by turning their savings into extra income.
Still looking over the wreckage of your portfolios? There are investments that gave you a guaranteed income no matter what happens in the stock market.
The old ways of say that investors should move from stocks into bonds as they get closer to their retirement age. In today’s market with choppier economic waters, some are looking for a surer thing. Many are locking up their money in products like a fixed annuity in return for a guaranteed stream of income.
In the first quarter of 2009, sales of fixed annuity reached over $36 billion. this was an all time high and almost twice the average quarterly rate for the past decade. Investors want safety. Do you?