In wealth management, there are two approaches to investing: growth and accumulation versus distribution and transfer. When growing your wealth, an investor usually has a longer horizon and can therefore justify taking on more risk. During the distribution phase, investors are often more cautious of losing their hard-earned wealth, and therefore prefer safer and less-volatile strategies.

In recent years, the 401(k) plan and other similar IRA qualified retirement accounts have seen a tremendous surge in use. They can be a powerful tool for achieving successful American retirement, but they also come with certain drawbacks. Although you may have a selection of which funds to include in your 401(k) plan, it’s ultimately the manager of those funds who controls the decision making. This can leave you with less control as you approach the distribution phases of your wealth journey.

As you approach retirement or even if you’re already in retirement, market volatility is a stressful burden for 401(k) and IRA owners. Additionally, unless you’re careful, there can be extra fees associated with 401(k) and similar retirement accounts. If you’re concerned about the next bear market, or the disadvantages of retiring with a 401(k), a US Annuity Institute Advisor may have the right solution for you. A US Annuity Institute Advisor can help you plan and protect your hard earned wealth and create a guaranteed income plan.