For over a decade, retirement savers have gotten used to growth in equities and relative stability in fixed income . Even the pandemic-induced market crash was relatively short-lived. Then came persistent inflation—not transitory, as the now infamous guidance went—and a rare drop in both stock and bond values.
When retirement plan participants, especially if they are in or near retirement, see drops in their retirement portfolios of 20% or more, it can cause panic . It can also drive investors—and their advisers—to protective options such annuities, says Todd Giesing, an assistance vice president at LIMRA, which tracks annuity sales.
“It’s a […]
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