Safe Money
Savings you do not want exposed to potential loss of value.
Money you want backed up with guarantees.
CD's / 401K / IRA / Annuity
This is NOT your brokerage account or mutual funds.
Savings with a five to seven year time horizon that you need competitive returns on.
Preservation of Principal & Competitive Returns.
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Savings Accounts
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Low yielding bank account that earns interest.
FDIC Insured up to $100K.
Easy access to cash.
May not keep pace with inflation.
Fully taxable.
Ongoing fee’s may exist.
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Money Market:
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A "cash reserves" savings account necessary for stock traders.
Used as a temporary holding place for trading funds.
Liquid, easy access to funds.
Earnings may outperform traditional savings accounts.
Earnings may mimic CD's.
***Not F.D.I.C. insured.
***Not Guaranteed.
***May loose value.
***NEW TEMPORARY GOVERNMENT INSURANCE
WILL GUARANTEE MONEY MARKET ACCOUNTS TO KEEP NAV of $1***
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Savings Bonds:
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Guaranteed by the US Treasury.
Excluded from Federal Income Taxation.
Penalty for early withdrawal.
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Certificate of Deposit (CD’s):
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Savings accounts with specified maturities.
Higher returns than regular savings accounts or money market accounts.
May not be accessed until maturity.
Fully taxable, even if you let it sit (not taking income).
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Fixed Annuity:
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Guarantee principal.
Rate of return that usually outperforms CD’s
Tax deferred
No fee’s or charges if held for entire term. (5, 7, 10 year terms)
Penalties and tax implications for early withdrawal.
Guarantees provided depend on strength
and financial status of underlining Insurance company.
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Fixed Index Annuities
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Unique products that offer the safety, tax advantages and guarantees of fixed annuities combined with the opportunity to participate in potential market index gains – without directly linking to the market. Your money will not be affected by market losses. Fixed Index Annuities can be important wealth management tools that provide earning potential while keeping principal safe from market fluctuation.
Guarantees provided based on the financial strength of the issuing company.
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