3 Principles:
Safety First

Safest Place For Retirement Money

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Safest Place For
Retirement Money

What is the safest place for retirement money?

We believe that at least a portion of your money should be kept in a place where it’s guaranteed* safe. Safety is key when crafting a retirement strategy, and is the guiding principle we hold above anything else. The safest retirement place for retirement money varies for every client. There is no “one-size-fits-all” retirement strategy you can sell to anyone: Everyone has their own goals and needs to be met in retirement. Each client needs their own custom recommendations. 

What Is The Safest Place For Retirement Money?

As you grow your wealth, you may decide to invest some of it in the stock market. And, you’re comfortable with this, because you know you have time on your side. If there’s a market drop, you can hold out until it goes back up and you make back the money you’ve lost. But as you get older, your risk tolerance may change. Many retirees aren’t comfortable with the idea that they could lose their hard-earned savings if another stock market crash hits the country. If you’re approaching retirement and looking for the safest place for your retirement money, reach out to us. We may be able to help you find the options you need.

Annuities For Retirement

Certain annuity products, such as fixed indexed annuities (FIAs), could be an advantageous option for some retirees. If you’re looking for a safer approach to your retirement strategy, you may want to consider it. An FIA is a contract with an insurance company: As part of your agreement, the company protects your principal in a reserve. Traditional savings accounts, such as CDs, also offer safety for your money. However, these accounts have a contribution limit. Additionally, they historically offer disappointing interest rates. And these types of accounts are subject to taxes on any earned interest. FIAs, on the other hand, are usually tax-deferred. You only pay taxes when you take the money out. Additionally, FIAs do not come with a contribution limit, and may allow you to start taking payments before the traditional retirement age. FIAs also offer indexed interest at a reasonable rate of return** over time.

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Call Suncrest Wealth Management (520) 989-9798

Reach Out

We can help you find the safest place for retirement money: Reach out to us to schedule a meeting, or reserve a spot at one of our informational seminar events, to learn more.

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