With memories of the stock market's 2008 tumble still fresh in investors minds, many are scared of stock and are seeking "guarantees" instead of chasing returns. Because of this, for many, annuities have never looked more tempting. But is an annuity a good choice for you?
After getting hammered when stocks dove a few years ago, many investors scrambled for the safety of bonds. But now that stock markets have rallied, cautious investors are looking for ways to get some profits from equities while keeping conservative portfolios. A new variable annuity product from Western & Southern Financial Group may be just what they're looking for.
The securities industry is always coming up with the "latest and greatest" way to make a quick buck. But almost all of such vehicles are structured to benefit brokers and money managers. Investors wind up getting relegated to their usual status as victims with no redress.