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Jim Lentini: Figure out the return of your investments

Posted: August 31, 2009 5:06 p.m.
Updated: September 1, 2009 4:55 a.m.
 
One of the greatest philosophers I have quoted and respected for his wisdom and simple common sense is Will Rogers.

During his show in the 1930s, when this country was trying to recover from the last Depression, he often said, "I'm not so concerned with the return on my money as I am with the return of my money."

This quote was not only appropriate then, it applies today for most people trying to figure out how to recover losses in their retirement plans, their home values, and loss of jobs and business.

Added to that, taxpayers are concerned and troubled by all our government debt and programs existing and proposed both in Washington and Sacramento, and how to pay for them.

What does all this mean to you? It means you need to have some guarantees to protect your retirement assets and the growth of those assets for your future retirement.

How do you do that?

You start by investing in a diversified portfolio that has the potential to perform well in a variety of market conditions.

However, even a diversified portfolio cannot ensure a profit or protection against a loss. You want a plan to help ensure that you have the income you need now with the security of knowing you will get back at least every dollar you invested.

You can do this with a variable annuity with the optional living benefit (GWB) rider.

A variable annuity is one of the only investments you can buy that offers income for life, no matter how long you live.

It can provide the GWB that can help grow and protect immediate or future income and help provide for your loved ones, regardless of market conditions.

And it can give you the flexibility to withdraw portions of your account value as an ongoing source of extra income, or withdraw it periodically as unexpected financial needs arise.

The GWB rider does all this and it can still provide an income for life for both you and your spouse.

Although a variable annuity may be an appropriate choice for some people as part of an overall retirement portfolio, it is not suitable for everyone.

You should speak with your financial professional to see if a variable annuity is right for you, your situation, plans and goals for the future.

Jim Lentini is president of Lentini Insurance & Investments Inc. He can be reached at (661) 254-7633. His column reflects his own views and not necessarily those of The Signal.

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