How safe is your safe!
I have a friend named Phyllis; you might also have a similar friend. She may be a co-worker, business partner, golfing buddy, your daughter in law or your neighbor. My friend Phyllis has a special item in her life; Phyllis has a safe. This isn’t any ordinary safe; it is a special safe that Phyllis keeps her important money in.
Phyllis’s safe protects her money so it is never at risk and no one can withdraw Phyllis’s money from her safe, except her. She is the only one with the combination to her safe. Phyllis’s safe has a special feature; it increases Phyllis’s money by paying guaranteed interest each month.
In addition to the protection of the safe, Phyllis’s funds in her safe are available to her when she needs them. She can withdraw funds from her safe; she can convert the funds in her safe to income; she can let the funds in the safe grow. Phyllis has numerous options and she is in control of her safe.
What is Phyllis’s safe? Her safe is a simple, easy to understand guaranteed fixed interest annuity. A fixed interest annuity earns interest each month that can never be lost. Phyllis can withdraw the funds and use them in any manner she chooses. If Phyllis selects the guaranteed income option, Phyllis can make sure the money in her Safe pays her an income for as long as she lives and that can include a spouse! Lifetime income neither can ever outlive.
A fixed interest annuity is protected 24 hours a day; market risk is never an option. There is one other feature about Phyllis’s safe (guaranteed annuity) should Phyllis pass away, the safe automatically changes ownership to Phyllis’s designated beneficiary. That change happens almost immediately and without the need for probate and the expenses associated with it.
So like my friend Phyllis, you can have your retirement dollars protected in your own safe, and it is always there for you risk-free, earning interest and awaiting further instructions.
