What is Save Safely?

When you Save Safely, you do not need to keep all of your money at your bank in a savings account or Certificate of Deposit (CD). You could leave your nest egg in the bank, and enjoy access to your cash, but earn today's low-interest rates. Or you can use the proven strategies of Principal Protected Growth.

How do I Save Safely?

With Principal Protected Growth, as the name implies, you keep your principal safe yet earn interest on it. Your money may not be a liquid as it is at the bank. However, bank liquidity has a price, and that price is low-interest rates.

Saving Safely is half the battle

It is a great idea to save safely and earn a better rate of return than the bank. However, it is also a good idea to move your money from forever taxed, to never taxed if you can. Or at least minimize the taxes on your earnings or defer taxes so your money can earn interest on the tax-saving or tax-deferral.

Why is Saving Safely so hard?

If you had parents or grandparents alive during the great depression, from a young age, you may have learned the wrong lesson. At an early age for many of us, we were taught to save safely the wrong way. You probably got the same lesson I did and that was if you ever have two nickels to rub together, they belong in an FDIC insured account in the bank.

Safety does not rise at the same rate as the Cost Of Living

The United States has been in a prolonged low-interest-rate environment for many years, and low rates are likely to continue. Many retirees have found they can no longer live on only the low-interest rates provided by Certificates of Deposit. To makes ends meet, some retirees are withdrawing all the interest and part of their principal. Without a written savings plan or income plan, essentially, they are going broke safely.

Your choices are

Back during the Great Depression, you could probably had your safe money in one or two places:

The bank.
An insurance company.

These same two Save Safely places still exist today.

The Bank Alternative

As an alternative to a savings account or Certificate of Deposit (CD) at a bank, is the insurance company. Insurance companies offer a variety of insurance products including certain guaranteed interest contracts, with the principal back by the full faith and credit of the issuing company. I represent insurance companies, not banks.

There is room for both

Now I am not saying you should take all of your money out of the bank. You should keep a liquid emergency account at the bank in case something unexpected comes up. One to two times your income or $50,000 to $100,000 might be enough. If you have over $100,000 in your bank account, you may be missing an opportunity. Some of the benefits of working with an insurance company can include:

Tax-deferred accumulation.
A guaranteed minimum rate of return.
A way to calculate the surrender value at any time.
The option to change to a guaranteed income for life.
Leaving a legacy for your heirs, charity, or both.

My job: Show you products you might be able to use that you are unaware of

Before you buy anything, it is important to know what you want your money to do for you? What or who is it earmarked for. When do you think you will need this money? If it is not part of your liquid emergency funds, it might be worthwhile to see what alternatives are out there for you.

In Conclusion

The past few years have been a challenging time for saving and investing. Prolonged low interest rates compounded with increased volatility in the financial markets are causing people to feel anxious, helpless, vulnerable and unsure about what to do next. I can help you reduce your stress and get you on the path to a secure financial future. Your principal should be protected as best as possible and balanced growth should be based on your unique lifestyle.

Finally

If you are at or near retirement, and you have any questions about savings planning or just need a little guidance, feel free to contact me. I know savings planning can be confusing, so it is important to get the facts before you make any long-term decision.

My focus is to have the heart of a teacher, not the attitude of a salesman. I don't like to be pressured to buy anything and neither should you. My professional retirement planning services for individuals and families are 100% objective and free from proprietary products and sales quotas. I believe you deserve access to solid, professional investing guidance. Let's make a plan.