Mike Kaminski

Mike Kaminski

Mike Kaminski has been helping people realize their retirement goals and assisting with income planning for 31 years. He is the co-founder of Well Being Financial Group. 


His list of accomplishments:


- Specializes in income planning that offers structured payouts.

- Host of “Safe Money and Income Show” for many years. His focus is on asset protection, safety and income.

- Host of many educational workshops over the years which are dedicated to providing information, education, and advice for pre-retirees and retirees across Northeastern United States.

Well Being Financial Group

3477 Corporate Pkwy.

Suite 100

Center Valley, Pennsylvania 18034

mike.kaminski@retirevillage.com (484) 671-2461
Back To Articles

There Is A New Sheriff In Town

By Syndicated Columnists|


There is a new standard for portfolio management: Fixed Indexed Annuities


Volatility and anxiety seem to walk hand in hand. Because of uncertainty, many retirees and pre-retirees are more concerned about their financial future than since the Great Depression. The question is where and how do Americans save, and how are their savings affected by volatility. Where do they deposit or invest their savings?


On top of those concerns is COVID-19, which has become the great catalyst to the unknown volatility we all face. 2020 has been a changing point for many people; the relentless attack from the virus combined with the uncertainty has created a mammoth situation of anxiety and concern.


In Wells Fargo’s Annual Retirement Survey, the real impact of COVID-19 has begun to emerge. How much is needed to be saved for retirement? Whatever that personal number is, 39% of Millennials do not think they can save enough money, 38% for Gen X, and 31% for Baby Boomers. The negativity of the responses puts in play the need for guarantees and anything to offset volatility’s anxiety. The economic downturn has shaken the financial security of those who COVID-19 has impacted.


Everything is not entirely bleak; there are numerous positives such as a still bullish stock market and one shining star? Fixed Indexed Annuities, the insurance product that combines safety and long-term guaranteed income. A FIA removed volatility from the equation and replaces it by adjusting the limit of future growth. This tradeoff has made FIA the newest darling of the financial planning world. Gain without exposure to market risk is, for some, a dream come true.

Some of the benefits can provide a solid base for projecting retirement income and a retirement timeline.


No exposure to Market Risk:  


FIAs can earn annual interest credits based on the performance of the selected indices. The yearly gain is then added to the base of any deposit and removed from market risk exposure. That creates a huge advantage and a positive outlook for those in retirement and those close to it.


A FIA can be a more robust alternative to selecting bonds: Bonds thrive in a downside interest market. The issue with bonds is not their guarantees but their exposure to volatility in calculating their value in the secondary market when general interest rates decline or increase. Unless a bond is owned for a specific reason, the change in interest rates can have a negative (and positive) effect on the bond’s value. With interest rates low, the value of an existing bond is stronger than it would be if interest rates were to rise. The all-time low interest rates we now have can dramatically change a bond’s value when interest rates increase.


The secure portion of any portfolio is better served with annuities than anything else currently available to investors.


COVID-19 has been a game-changer, but only because it brought to the forefront what has always been there: volatility. If guaranteed income and freedom of worry are your goals, then consider what so many have discovered.


Outsource your important retirement funds to a risk bearer and select a Fixed Indexed Annuity.

2020 Annual Retirement Study Reveal (wellsfargoassetmanagement.com)

  

Best Annuity Rates Report Cover

Annuity Questions?

Download the 2021 Annuity and Investment Report Now and learn more about annuity options that can help you achieve your retirement goals.

Safe Money Guide Report Cover

Safe Money Guide

Download our Safe Money Guide and learn more about safe retirement options that can help you achieve your retirement goals safely - FREE!

Life Insurance Guide Report Cover

Life Insurance Guide

Learn more about the various life insurance options available to you that can help you achieve your goals.

Sign up for our newsletter.

Safe Money insights and tips sent to your inbox bi-monthly.

Sign Up Now!