COVID-19 IS SURGING. WONDERING WHAT TO DO YOU DO WITH YOUR RETIREMENT MONEY?

Has the stock market taken you on a rollercoaster ride this year from the deep dive at the beginning of the pandemic to an unprecedent rise back to pre-pandemic levels? Are you concerned about what lies ahead as Coronavirus fears grow and infection rates rise? A better question may be, "What have you done to protect your assets against things out of your control . . .period?" Historically, there have been numerous precipitous declines and astronomical rises. None of which have been very predictable unless we're looking at it in hindsight. The reality of it is that the stock market's movements are out of our control and at times it can wreck havoc on investors and their financial future.

For most of the potential disasters that loom in our life; things like car accidents, health issues, storm damage, and death, we buy insurance in order to mitigate our risks. And yet, many of us don't insure against damage to one of our greatest assets . . . . our retirement accounts! Most of us don't even know what that looks like. We've been told to move a greater percentage of our portfolio to bonds in order to mitigate risk. Sound familiar? But, with interest rates at all time lows, this strategy doesn't come without the risk of rising rates undermining our principal. Not to mention those same low rates hurt our chances of having an overall return that will produce the kind of retirement income we seek. So with that in mind, what's an average investor approaching retirement suppose to do?

One strategy that I suggest looking at to address the issues created by a low rate environment is a fixed indexed annuity. These financial instruments are designed to protect your principal against stock market losses while at the same time providing greater returns than fixed income assets currently provide. If desired, they can also be designed to provide guaranteed income in retirement that can increase to keep up with inflationary pressures. You can find arguments online for and against fixed indexed annuities (much like any financial product) but for the right fact pattern, fixed indexed annuities can be a tremendous asset for your retirement plan.

Perhaps indexed annuities are right for you. Perhaps they aren't. To request a virtual meeting or phone call, call 1-866-85-STEEL or go to www.MitchLyonsWealth.com and request a Retirement of Steel blueprint.