The recent movie, The Black Swan, starring Natalie Portman as a ballerina dancing Swan Lake earned her an Oscar and the movie a nomination for an Academy Award.
In addition to the Black Swan being an important part of Swan Lake, it also has a second meaning in the financial world.
The term “Black Swan” is also used to describe a scenario involving sudden and unpredictable financial movements or an unforeseen event. Most financial forecasters admit that a “Black Swan” cannot be predicted and then is therefore outside their area or responsibility.
A recent “Black Swan” event is the aftermath of the financial disaster caused by the recent Tsunami in Japan. The damage caused physical damage which in turn caused a loss of jobs and a loss of commerce to the Japanese and world economy.
Being unable to predict what will happen in the future, can cause serious stress when it comes to your important money, money that must be depended on for a safe and secure retirement. Some people have no clue of how to prepare for the Black Swan (Tsunami) so their important funds are often at risk.
One approach many people have used is the benefits provided by annuities. Annuities are safe and secure and out of the reach of a Black Swan event.
Annuities also provide:
* Guaranteed income
* Guaranteed rate of return
* Avoidance of probate
* Protection from risk of loss
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