With Baby Boomers drawing down their savings, the investment industry is going through some tectonic changes. The “pig in the python” is moving fast from the accumulation stage to the spend-baby-spend stage.
So what can you expect as this change happens? First, expect an onslaught of ads for products that “guarantee” a certain income to flood your inbox. You can see the big players already moving forward with annuities.
As I’ve said before, the big motivation for annuities is the fees gobbled up by the provider. And you thought it was about you?
Action Line: Let’s talk when you’re ready. Email me at ejsmith@yoursurvivalguy.com
Originally posted on Your Survival Guy.
