Q: I wanted to find out a little more about what people are referring to as a guaranteed way to not lose money whether or not the market goes up or down (not real estate, etc). Do you know what I am referring to?
A: In the world of finance or in this case, insurance, any time you hear the word “guarantee” your antennae should go up because it sounds like your smart enough to know if something sounds to good to be true, beware.
There are advisors and insurance companies that sell annuities and annuities will provide a guaranteed stream of income for the rest of your life, but as you would expect, this guarantee comes at a price.
That being said, annuities to make sense for certain people in certain situations, but they are by no means appropriate for every investor. Wes wrote a great blog on this exact subject. If you would like to discuss further, please call me at your convenience.