Many individuals that we sit with on a daily basis are already retired and are looking for ways to keep their nest eggs safe from market downside without locking their money up long-term. A well known option (other than sticking it under the mattress) would be to open up a bank certificate of deposit, or a CD. While keeping your cash inside a bank CD is safe, it is also very expensive to you. By expensive, we mean that by settling for a 1-2% rate of return in a bank CD you are missing out on getting 3x the returns on your money. Does your bank CD or variable annuity provide you with a cash benefit if you become sick? What are the tax ramifications if you pass away with money in a bank CD? Is there an extra benefit to your loved ones when you die?
Our Smart Money solution eliminates those questions without having to compromise. Retirees no longer have to settle for a bank CD that returns them minimal growth with no added benefits. The best part of it all, there is no risk to your cash.