4 Red Flags to Watch Out for in Your Annuity Provider

A new Ohio law attempts to impose ‘best interest’ fiduciary standards onto life insurance and annuity providers. However, these standards are extremely vague and still leave from for abuse to consumers. Many annuity providers and so-called financial advisors plant their product as a solution to a variety of problems, when in reality another product is likely more useful. Below are 4 cautionary tales from clients that have come to us for help in the past. If any of these situations have happened to you or a loved one, or are currently happening, we encourage you to seek out additional financial tools and professionals.

Will Social Security Still Be Available When You Retire?

As the baby-boom generation phases into retirement, the future of social security is uncertain. There are a few strategies the government may use to close the gap in income, and you need to be prepared for each possibility.

How COVID-19 Has Impacted Retirement Confidence

Americans are feeling a distinct lack of confidence, particularly when it comes to retirement. Whether employed or unemployed, the survey found that 23% of workers are no longer certain they can retire comfortably following the coronavirus pandemic.

Does Your Retirement Plan Include Inflation Risk?

None of us can predict the future, but we can plan. Inflation diminishes purchasing power over the years and increases the costs of services that retirees and pre-retirees need. Given that more Americans are living longer, it can pay dividends to include inflation risk in your overall planning.