If you have your retirement savings in the bank or the stock market, there may be a better way to ensure safety and great returns.
Is your money in the bank?
CDs have historically been very good. We enjoy the safety of CDs, but also the interest rates, which used to be very competitive. Nowadays, there’s not a bank in the country that offers a competitive interest rate on a CD.
Money markets are just as bad, and don’t get us started on the interest rates of regular savings accounts! While the safety of the bank is a draw, you do sacrifice earning potential.
Is your money in the stock market?
There is no better place to invest long-term than the U.S. Stock Market – there’s no doubt about that. However, our focus shifts as we enter retirement. We don’t want to be in the stock market when the bottom falls out if we’re retired.
Gone are the days when we’re trying to get rich – now, it’s time to park our money in a safe place where it can still enjoy some earning potential.
Let your money work for you
Fixed annuities offer a guaranteed contract that gives you 100% safety – zero risks. While the guaranteed interest rates can fluctuate, they are currently right around 4% (as of 2019).
It is very important to understand the difference between a fixed annuity and a variable annuity.
Fixed annuities are the only kind of annuity we offer to our local clients. They are safe and guaranteed, meaning you know on Day 1 exactly how much interest your account will earn by the end of the contract. No questions asked.
Variable annuities, on the other hand, have a bad reputation since the fees associated with them can sometimes cost more than the actual interest earned. We don’t sell or promote variable annuities – especially since our clients are of retirement age and should not be exposed to any risk.
Details our clients love
- No fees
- No risk
- Guaranteed, competitive interest rate
- Different contract length options, from 1 year to 10+ years
- Free withdrawals
- Access to the earned interest
What Is a Fixed Index Annuity (FIA)?
A Fixed Index Annuity is another attractive option for those who enjoy participating in the stock market but cannot afford to lose any of their principal.