The Turning Point
The COVID-19 pandemic has ushered in a challenging new investment climate.
Many people rely on fixed investments for income, safety, diversification and protection against too much investment risk. But with returns this low, continuing a traditional level of allocations to fixed investments means that many can't get the returns necessary to maintain financial security.
To gain insights on the concerns and understandings of investors, Jackson conducted a survey of 172 investors ages 40 to 74 with investable assets of $100,000 to $2 million. We also surveyed 177 financial professionals. The surveys were conducted from August 4-14, 2020.
What are the findings? We have reached a turning point, as investment direction intersects with the current interest rate and investment climate. So what are financial professionals and investors thinking now? Read on to find out more.
*Guarantees are backed by the claims-paying ability of the issuing insurance company.
Annuities are long-term, tax-deferred vehicles designed for retirement. Variable annuities involve investment risks and may lose value. Earnings are taxable as ordinary income when distributed. Individuals may be subject to a 10% additional tax for withdrawals before age 59½ unless an exception to the tax is met.
There is no guarantee that a variable annuity with an add-on living benefit will provide sufficient supplemental retirement income.