One Of Our Three Core Principles:
Safety First
Safe Retirement Income
What is the best place to keep your money protected?
Everybody has different needs, wants, and risk tolerance when it comes to retirement. Every client needs a different individual strategy. And at PHD Financial, we are aware of this. One of our main guiding principles is safety. Get in touch with us, and we’ll help you determine how you can secure safe retirement income.
Safety in Retirement
The value of your retirement account could decline as a result of stock market fluctuations. It's likely that, when you were still working, this was no problem for you. But as you approach retirement, you might want to take a more proactive approach to your retirement money. The closer you get to retirement, the less time you have to "bounce back" from a loss. So, you may be looking for safe retirement income options. We may be able to help you with this.
Safe Retirement Income
Annuities
An annuity product may be a good fit for people who are getting close to retirement and want some stability in their retirement strategy.
For example, a fixed indexed annuity (FIA). In essence, an FIA is an agreement with an insurance company. You contribute a set amount of money, and the company agrees to protect it while it accumulates interest. There’s also a safety component to traditional savings accounts, such as CDs. These accounts, however, have a contribution cap and frequently provide unsatisfactory returns. Conversely, an FIA offers the possibility of indexed interest at a reasonable rate.** Moreover, interest collected in typical savings accounts is taxable. Conversely, FIAs are typically tax-deferred. You only have to pay taxes on the money when you withdraw it.