Volatility in the stock market again is back, and it might be a warning shot.

More people are waking up wondering, "Could this be the Big Correction everybody's been worried about?" I can't answer that question, but I can tell you that a major correction is inevitable. Will it be 10%, 20%, 40%? Who knows what will happen.

Historically, all bull markets come to an end. And the longer the bull market, the worse the correction. And this has been the longest bull market in history.

There are several reasons to fear the end of the bull market, not to mention all of the other hurdles we are facing, such as:

• The pandemic and the myriad of social and economic issues that have followed,
• The escalating trade war with China,
• China retaliated against the U.S. by lowering its currency to near historic lows,
• Growing evidence of a global economic slowdown,
• The Federal Reserve dropping rates, plus they are out of answers to prop up the economy in the next downturn,
• The Brexit uncertainty and Eurozone problems,
• The erratic housing market and volatile values in some areas,
• The highest household debt,
• And many more.

Warren Buffett said, "No one can tell you when this can happen. The light can go at any time from green to red without pausing at yellow."

So it makes sense to protect your retirement savings, especially if you are close to or in retirement. Let's use, for example, a 20% drop in the market on $1,000,000. The account value would drop to $800,000. If you are withdrawing 4% per year for an annual income of $40,000, you would have to draw out 5% to gain the same income. If the stock market continues to drop, the impact on the total account value will continue to decline, and withdrawals would take a bigger portion of the account. Now there is a real possibility of the account running out of money. This is where fixed indexed annuities with guaranteed income riders take that worry off your shoulders.

You insure your home and cars from losses. Why wouldn't you ensure your retirement asset from stock market loss, real estate downturns, and the big one? OUTLIVING YOUR MONEY?