With the extreme market volatility of the last year, many pre-retirees and retirees are wondering what they can do to protect their retirement savings. For many, the answer might be an annuity. But with a persistent bad reputation, annuities are often lumped in with used car salesmen and telemarketers and labeled as a “scam.”
We believe this is a common misconception that leaves a whole class of investment assets out of reach for those that can benefit from them the most. Let’s discuss what annuities are, and how they can be used to safeguard your retirement from market volatility.
Jonathan E. Coughlin is a Private Wealth Advisor with Munroe Morrow Wealth Management. Jonathan earned his Bachelor of Science at Peter T. Paul College of Business and Economics at the University of New Hampshire with a concentration in finance. Since 2017, Jonathan has worked in the financial services industry and holds his Series 7 (held with LPL Financial), Series 66 (held with both Flagship Harbor Advisors and LPL Financial), and insurance licenses.
Originally from Grafton, Massachusetts, Jonathan has been a lifelong Patriots fan and enjoys all Boston sports. He enjoys spending time with his family boating on Cape Cod and vacationing in Vermont. Jonathan is an avid snowboarder, skateboarder, and golfer, finding time to get out and enjoy the outdoors whenever possible.