Annuities
The stock market is not a welcoming place for seniors who need their retirement savings to survive. On the other hand, the banks aren’t earning much interest.
There are annuity options available that offer 100% safety on your principal with a guaranteed interest rate of around 5% (rate may be different depending on market conditions) and/or the option to participate in stock market gains through choosing different indexed options. You have zero risks, zero fees, and you’ll have penalty-free withdrawals.
Please get in touch with me if you’re looking for a safe way to earn interest in retirement.