A recent report shows that sales of Fixed Indexed Annuities reached record levels during the second quarter of 2009. According to the report, total sales of Fixed Indexed Annuities reached $8.3 Billion. This $8.3 Billion surpassed the previous record, set in the second quarter of 2005, by nearly $800 Million.
The Baby Boomer Generation should be entering the best years of their lives. Indeed, the Baby Boomers should be preparing to enter the “Golden Age” of Retirement. Years of sacrifice have been spent working, building, saving, and preparing for this so called Golden Age. In what seems like a blink of the eye, all of the preparation Baby Boomers have done over their lives has been lost.