Becoming a millionaire used to be a big deal, now not so much. In fact, there are about 12 million millionaire households in the U.S. as of 2020, according to Spectrem Group.
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As the stock marketing comes tumbling down, your broker says, "be patient, it will come back, just not right away". The only thing going up in your life during these times is your blood pressure.
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We need to distinguish which kind of annuities we are talking about. This article will deal with the safest type of annuity, the fixed annuity. It is NOT tied to the stock market and it includes a contractual minimum guarantee paid to you by an insurance company.
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