ATTENTION CD OWNERS
According to Bankrate.com, the top CD rates nationally are around 0.60% for a 1 year and around 1.0% for a 5 year bank CD.
3 year 2.25%
4 year 2.55%
5 year 2.95%
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What is an Annuity?
How annuities help you retire
Annuities can help ensure a retirement strategy and income that lasts as long as you do, which is likely to be a very long time.
In general, during the accumulation phase of an annuity contract, your earnings grow tax-deferred. You pay taxes only when you start taking withdrawals from the annuity.
What type of annuity is right for you?
Your personal goals, objectives and risk tolerance will determine the type of annuity that is right for you.
Multi-Year Guaranteed Annuities
A multi-year guaranteed annuity, or MYGA, offers a predetermined and contractually guaranteed interest rate for a fixed period of time.
Fixed Index Annuities
A form of fixed annuity that earns interest due to changes in a market index, where the growth is bench-marked to a stock market index rather than an interest rate.
Traditional Fixed Annuities
Fixed annuities are insurance contracts that pay a guaranteed rate of interest on the account owner's contributions.
Full protection of principal
FIAs are protected from the volatility of the markets. Your money is never in the stock market. Your crediting strategy tracks the stock market, but you don’t own securities that can fall in value.
predictable investment returns
The rates on fixed annuities are derived from the yield that the life insurance company generates from its investment portfolio, which is invested primarily in high-quality corporate and government bonds.
Since a MYGA offers a guaranteed interest rate for the entire contracted term, it’s considered a less risky investment than a variable or indexed annuity.
We are a financial and insurance services firm based out of Kansas City, Missouri. We truly believe in educating retirees and pre-retirees about the importance of proper retirement income planning.
Michele Lenderman, owner and founder of Integrity Money Solutions, shares her knowledge and years of experience with each of her clients. Through financial education, she helps people make excellent financial decisions.
It's never too late to improve your financial situation or enhance your financial goals. You've worked hard for your money - now it's time to enjoy life and let your money work for you!