Saving money seems like a simple enough concept, but unfortunately (and realistically), many people have a hard time saving enough. And the fact is: Even if you’re saving every penny you can…it probably isn’t growing as fast as you’d like it to.
And even worse? Disturbing and dramatic drops in the stock market, interest rates and home values make it even more difficult for people to save for the future. In an effort to minimize losses, many people have wisely moved some of their money into investments that aren’t subject to stock market fluctuations. These investments include certificates of deposit (CDs), savings accounts and money markets.
But unfortunately, the interest rates on these investments (that many people rely on as “safe” money) are TOO low. Some are currently earning less than 1% interest. And…that 1% is fully taxable!
Fortunately, there’s an amazing financial instrument called an annuity. Annuities allow you keep more, without taking needless risks!
Here are the benefits:
Guaranteed rate of interest that can be locked in for years Earns money faster on a tax-deferred basis Not subject to stock market fluctuations Can be utilized as a savings vehicle Allows you to grow money safely with low risk Option to elect a lifetime monthly income that you cannot outlive
Additionally, some Annuities are currently earning 3 to 4 percent interest for as long as 5 years!
And unlike, CDs, savings accounts and money markets, annuities earn interest on a tax-deferred basis, which means you don’t have to pay taxes on the interest you earn until you withdraw the money. Why does this matter? Tax-deferral helps your money grow a lot faster.
Conveniently, annuities are issued by the same companies that issue term life insurance. These are some of the strongest, most stable financial institutions in the world.
For more information about annuities, contact AccuQuote. We can answer your questions and give you a free annuity quote. Alternatively, if you’re interested in learning more about cheap life insurance, we can give you a free term life insurance quote.