NOVEMBER 2019'S ARTICLES OF INTEREST
Annuities Can Protect Retirees From Market Downturns
November 26, 2019
In 2019, we have witnessed frequent volatility in the U.S. markets — dramatic fluctuations in share prices that can undermine portfolio values. With the Dow Jones Industrials Average hitting record highs in November, the ongoing trade impasse between the United States and China, and a looming presidential election, a majority of investors worldwide anticipate a significant drop in markets in 2020, according to a recent survey. Given the historical frequency of market volatility in the U.S. stock market, investors should weigh the prospect of it occurring when they are about to retire or have already retired. One important way for clients to help shield themselves against sequence risk is to ensure that a portion of their planned retirement income is protected from the ups and downs of the market and guaranteed to last as long as they live. It’s not surprising then that Americans are increasingly looking for guaranteed income options to protect themselves.
Senators Try, Try Again to Fix Pension Funds
November 20, 2019
November 5, 2019
When a spouse dies during retirement, the loss deprives the widow or widower of love, support and companionship. It also deprives the the survivor of a second Social Security payment and sometimes part of a pension, shrinking the survivor’s income. Advisers who work with older couples, especially couples who expect to rely heavily on Social Security and pensions for retirement income, are in a position to help them anticipate this risk and prepare for it.