Blog: Annuities

Thankfully, there is a better option that offers the safety you need in retirement with a higher interest rate than CD. They're called fixed annuities.

CDs, or certificates of deposit, have been a popular savings option among retirees for decades. However, there may be better ways to earn interest safely.

A fixed annuity is, in our opinion, the best place for retirees to put their hard-earned savings. You earn more interest than the bank, you skip the risk of the stock market, and you can sleep well at night knowing you’re always making a little on your money.

If you’re over the age of 65, you should not have the majority of your hard-earned savings in the stock market. This coronavirus pandemic reminds us of the volatility that puts retirement savings at risk.

What's the best way to preserve the nest egg you've built without sacrificing some interest-earning potential?

© 2020 Medicare Allies – Privacy Policy