Balance Gained By Considering Alternative Financial Products Such As FIAs
Americans need to take additional steps in order to ensure a financially stable retirement – one that allows them to pay for medical bills and essential costs of living while enjoying their bucket list.
Our new data shows most Americans are at risk of an unstable retirement. In fact, only 9% are diversifying their portfolio which is essential to managing risk so that not all financial eggs are in one basket. A diversification strategy can ensure balance and provide retirement planning peace of mind.
That said, it can be hard to create diversity. What products will bring you closer to a financially secure retirement?
Surprisingly, the study found 22% of Americans are not familiar with the most routinely used retirement products such as mutual funds, Certificate of Deposits (CDs), and Fixed Indexed Annuities (FIAs), that can create portfolio diversity.
Consider FIAs to help create a foundation of conservative growth and ensure a steady income during retirement. With both growth potential and principal protection, FIAs can be a complementary product within existing portfolios since they are not subject to the volatility of the stock market.
While FIAs are a secure way to create balance and get a steady income during retirement, there are misconceptions about it – watch the video to see the top myths busted and check out FIAFacts.org to learn more including the Top 20 Myths and other videos!