Hello everyone, I’m here to talk to you a little bit about the annuity advisory services that we offer at Georgia Advisory Group, and before I do, I’d like to read you a quick article that just came across that I picked up on. This came out back in July, but most people missed it, but I want to quote it verbatim even though I’m going to place the link below so you can read it yourself. This is from Lima which came out on July 21st. It said total U.S. annuity sales increased by 22 percent in the second quarter of 2022, to a total of 77 billion dollars just in one quarter was poured into annuities and this was tracked by the Limra with their individual sales survey.
This marks the highest quarterly sales ever recorded. During the fourth quarter of 2008 during the Great Recession, many people say we were heading into a new Great Recession, and I’m definitely in a recession. The question is, just how bad is it going to be? But, interestingly, we’re seeing that much money being poured into annuity sales right for those who have heard the word boss but just don’t quite understand it most people don’t realize that currently in the United States over 2.5 trillion dollars is currently Limra even says in the article that one of the reasons they believe money is being poured in right now with what’s going on is that we see a falling market and people who are getting anxious about watching their uh nest eggs reduce in value, especially for those who are currently taking income and they’re seeing their portfolio decline.
Georgia Advisory Group is a fiduciary firm to take a look at an annuity you may have someone in your family who has parents uh that you want to say hey let’s take a look at this to let’s revisit this and are we in a good spot with what’s going on in the marketplace or for those of you who say I’ve heard all kinds of things about annuity’s good bad and indifferent and I just don’t know enough about it to make a decision that’s what our services offer you come in tell u what it is you’re trying to accomplish whether it’s again growth with protection of principle income uh lifetime income for you and your spouse into the future we’ll walk you through that process of what’s out there because there are so many different types Immediate annuities, variable annuities, and fixed indexed annuities.
These terms can be difficult to understand at times, but with two and a half trillion dollars and 77 billion being poured into the second quarter of 2022, they should be. You need to take a look at it and see if it’s something that fits your portfolio; it may not at all, but that’s one of the services we’re going to offer here again. Dave Dooley is the lead advisor. Georgia advisor group You can give us a call and we can do a zoom uh I know that through COVID one of the things that we were able to do is do a lot of things just over zoom and walk through the different processes, and we’d be more than happy to do that as well, so give us a call and we’ll do what we can to help you.