The Lunsford Agency 69 West Second Street, Chillicothe, OH 45601

Should you own an annuity?

Annuities remain a misunderstood financial product among retirement age individuals. If you are looking for safety, guarantees, low or in most cases no fees, rates of returns that keep pace or exceed the cost of inflation, and an income for life you would be wise to own an annuity. An annuity will provide you with stability and peace of mind that your investment will not go backwards. As Warren Buffet said… The number one rule in investing is to “never go backwards.” Without putting words into his mouth, I would assume he gives this advice more emphatically to retirees. It is  time to be a little more conservative with our nesteggs when we get older. It takes too long to recoup losses.

Annuities are also in alignment with Will Rogers philosophy on money. He said… “I am more concerned with the return of my money versus the return on my money.” Based on today’s longevity, a person retiring can expect to live another 20 years or more. So, having some of your money in a position of safety is very important. You worked hard to save your money, and now you deserve to make it work hard for you and to have financial longevity.   Shouldn’t you design a plan that allows for your money to last as long as long as you do? If you agree, I would encourage you to play it safe with some of your money and invest in an annuity today.

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