Keep an eye on your 401k, TSA, 403b or whatever retirement plan you have been putting your hard-earned money into. Why? In the past decade people have watched their retirement savings diminish right before their eyes, whether they still work for the company or not.
Why do they diminish? Retirement plans are designed for you to save, but most people don't realize that they are started with the intention to grow with positive interest. The interest is based on stocks and investments that are usually chosen by the employee. The problem is that most people are not experts on market performance, so they may not know what to do or when to do. So when the their investments go down they could lose thousands of dollars.
Money left in retirement accounts are especially critical to people who have left them active at a previous job. The accounts are no longer receiving contributions and if the interest rate takes a turn for the negative, you could lose all your money. I have recently spoken with people who have left their retirement accounts with a previous job and their losses were all five-figure numbers.
How do we fix this? Take your retirement into your own hands! Roll the money into a fixed index annuity. You get the benefit of the index(S & P 500 etc) performance and you can not lose what you put into it.
The great part about annuities is that many companies are now offering bonuses for just participating. I work with a company that offers a 10% bonus just for signing up. This means if you roll a $100,000 401k into a fixed index annuity, this company will turn that $100,000 into $110,000 just for signing up. Let's not forget about the other interest options you have to choose from.
For more information contact me for more information on how to save the money you don't see every day.
CandaceColeman@LCIns.com
678-993-7972
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