Annuities are a Vital Part of a Retirement Strategy

Oct. 27, 2012 - PRLog -- The Insured Retirement Institute (IRI) and Cogent Research today announced new research results showing that during the past year, annuities have become more widely accepted as a vital part of a retirement strategy.

The new survey of investors and financial advisors released at the IRI 2012 Annual Meeting found that among investors, 73 percent of annuity owners and 17 percent of non-owners agreed that annuities are an important part of one's retirement strategy, compared to 55 percent and eight percent, respectively, in 2011.

The new report also offered insights into the growing adoption of annuities. While guaranteed income, advisor recommendation, and tax deferral continue to top the list of reasons to purchase annuities, inflation is becoming an increasing concern for investors.

Only one percent of investors cited inflation protection as a reason to purchase an annuity in 2011, but that increased to six percent in 2012. Furthermore, among annuity owners, 63 percent said market volatility makes them more likely to consider purchasing an annuity.

The current economic and market volatility has resulted in more conservative investors who are increasingly searching for investment vehicles, like annuities, that can provide market growth, guaranteed income benefits, and some level of principal protection.

Are you thinking to have an annuity as part of your retirement strategy?

Call Mintco Financial Specialists for a review of your retirement plan.

813-964-7100

Visit our websiite: www.MintcoFinancial.com