Secondary Market Annuities
WSJ: Most Americans not financially prepared for retirement
A new working paper published by the National Bureau of Economic Research, “Americans’ Financial Capability” surveyed nearly 1,500 Americans two summers ago, and highlighted some shocking trends illustrating the inability of many Americans to properly save for retirement.
We’ve included some of the findings:
- Half of Americans surveyed had trouble keeping up with their bills.
- Half of Americans surveyed had no money saved to cover their expenses in the event of loss of income.
- 23% surveyed used high-cost borrowing, such as a pawn shop, tax advance or payday loan.
- 58% have never tried to figure out how much to save for retirement. 51% of those 45-to-59 said the same.
- 17% of responders had no idea what they’ve invested in, when asked what was in their retirement accounts.
- One-third surveyed said they experienced a large and unexpected drop in income over the past year.
Many, many American consumers are experiencing unease and uncertainty in the market, and retirement age is approaching more quickly than you might think. A lack of education and a lack of motivation aren’t helping consumers invest with confidence or competency:
So who is to blame? “It’s hard to point a finger,” Prof. Lusardi says. “It takes two to tango. But it’s certainly true that this economy in the past 10 years has made it very difficult for people to make decisions. We’ve shifted the responsibility to individuals and they don’t have the capability to make those decisions. Still, some of the things we found in the survey are going to be with us for several years.”
One way to ensure you know what you’re getting out of your investment is to invest in safe, high-yield Secondary Market Annuities. Invest in a stream of income that’s guaranteed for years to come, and bring yourself closer to your retirement dreams.
You’re welcome to browse our offerings here.
A Risky Secondary Market Strategy: Betting on Death
Only two certainties in life: death and taxes. It’s a well-worn cliche, but in the case of the secondary life market, death just isn’t certain enough.
Both supply and demand for this hotly-contested after-market are ballooning. Investors are gobbling up life insurance policies from third parties, and collecting death benefits when they die…if they die.
Policyholders are now living longer than ever, and not dying quickly enough for the buyer to recoup on their investment.
Retirement Value, a Texas firm specializing in this field, was closed down by regulators this year, and will only be on the hook for 10% of payouts promised to over 900 investors.
This is a common mistake in the secondary life market: Without death, there can be no return on investment.
Betting on a stranger’s death is risky, as this Texas investor discovered. Managing risk may not be the sexiest component of an investment strategy, but it is just as crucial as chasing street-beating returns.
To find real success purchasing fixed income annuities and structured settlements on the secondary market, it’s best to steer clear of death-centric payouts.
Our Secondary Market Annuities backed by reputable insurance companies are a great way to hedge your risk and ensure guaranteed returns without banking on someone else’s demise.
You can bet your life on it.
