Michigan Retirement Fund- Maury Davis, CIC, 989-220-6157, Saginaw, Michigan, Vice President, Future Insurance Agency.
In 2008, when the market nearly collapsed, none of my Annuity clients lost a dime of their principal. I got calls thanking me for offering them a Michigan Retirement Fund.
One client was nearly in tears. We switched her from a Mutual Fund based Michigan Retirement Fund a couple of months earlier. This was her sole source of income. The stock broker, who had her money in a mutual fund, tried to scare her into staying with his Michigan Retirement Fund saying; "there are heavy early withdrawal penalties with annuities, and these recent losses are only on paper. If you stick with the mutual fund you make the money back. You only lose money if you cash in the mutual fund."
She said that didn't know what to do. I told her "you know what? just have him do what my my company is doing; guaranteeing, in writing, that you will not lose anymore of your principal. If he does that I think you should stay with him." She called me back later in the week to tell me, of course, that neither his company or he personally would guarantee no future losses to principal. She said " I can't afford to lose anymore. I'm going with your Annuity."
This was in June of 2008. A few months later the stocked market crashed. The mutual fund Michigan Retirement Fund that she was in suffered terrific losses. She would have been absolutely devastated. But her Annuity did not lose a dime. She did not participate in the 2008 market Holocaust with her principal.
That is my favorite story. This story could be your story. Do you know what your mutual fund or stock investment is going to do over the next 1, 5, 10, or 20 years? Will your stock broker guarantee, in writing, that you will not lose any principal from your Michigan Retirement Fund? I think we all know that everything is very uncertain. Safety of principal is more important now than ever before.
Can you afford to lose half or more of your principal when it is time to retire? Are you depending on Social Security?
One of the best features of the Annuity based Michigan Retirement Fund is its ability to pay out a fixed, lifetime income when you decide to start living on your investment. No other investment can do this.
Michigan Retirement Fund for: Saginaw Michigan, Bay City Michigan, Midland Michigan, Saint Charles, Chesaning, Freeland, Birch Run, Bridgeport, Montrose, New Lothrop, Owosso, Grand Blanc, Livonia, Kalamazoo, Grand Rapids, Grosse Pointe, Traverse City, Alpena, Mount Pleasant, Sterling Heights, Saint Clare Shores, Muskegon... ALL OF MICHIGAN!