The Harvard Business Review published an interesting article explaining how when interest rates and stock prices both plummeted, “the value of pension liabilities rose while the value of the assets held to meet them fell.” You don’t need to be a participant in a group plan to experience similar problems, as the same result can occur in individual retirement accounts. This is often a reason why we talk about finding options where the principal is protected, and the product purchased can generate an income that cannot be outlived. Call us if these kinds of options are of interest to you. We are always here to help.