Jim and Becky are getting 5 times the interest
Becky and Jim had a $40,000 CD at a bank that was making a measly 0.6%. Dianne Renner was delivering their new Medicare Supplement policy to them, and mentioned a 3% annuity we offer, from a company that has been around since 1894, surviving two world wars and the Great Depression.
Instead of making only $240.00 in the first year, and getting a IRS 1099 for the growth from the bank, they could make $1200.00 and the earnings would be tax-deferred.
At the end of the 5 year annuity they would make over $5100.00 more in the annuity than they would with the CD, and it would all be tax-deferred. Jim felt that having the ability to take 15% in penalty free withdrawals was appealing to him, even though he would probably not take it out.
In the end they chose to go with the annuity, since it offered 5 times the interest that the CD was earning, and just as much safety.
Do you have CDs? Contact us, maybe we can help you safely earn more interest on your savings.
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