This is a phrase you may be hearing more frequently as the market dips lower and lower.  It is a term often used when discussing how those who are near retirement can prepare when they know their future years of employment and wages are coming to an end, and their savings have dwindled dramatically due to stock market losses.  The phrase references the idea of converting some of your stock investments to more stable assets that will provide a preservation of principle and guarantee of income for as long as you live, regardless of stock market declines.  Call us, we can explain this and more.  We’re always here to help, even in troubling times.