How to Protect Your Retirement Money: Tips from an Expert

Shawn Plummer

CEO, The Annuity Expert

If you’re like most people, you’ve worked hard to save for your retirement. But no matter how diligent you are about saving, there’s always the chance that something could happen to your money. That’s why it’s essential to have a plan in place for protecting your retirement savings. In this guide, we’ll talk to an expert about the best ways to protect your money.

The Best Way To Protect Your Retirement Money

One of the best ways to protect your retirement money is to transfer accounts to a fixed or fixed index annuity until the stock market corrects itself. This will help to protect your money from any market volatility.

With a fixed annuity, you will earn a guaranteed interest rate on your money, no matter what happens in the stock market. And with a fixed index annuity, you can earn more than a traditional fixed annuity but still be protected from any losses in the stock market.

How To Protect Your Pension

How Does A Fixed Annuity Protect Your Retirement Money?

A fixed annuity protects your retirement money by earning a guaranteed interest rate like a CD rate. This means that no matter what happens in the stock market, you will still earn interest on your money.

A fixed annuity protects your money from any stock market losses. This is because the interest rate is set when you purchase the annuity and does not fluctuate based on the stock market.

How To Protect Your Retirement Savings

How Does A Fixed Index Annuity Protect Your Retirement Money?

A fixed index annuity protects your retirement money by linking your interest rate to an index like the S&P 500. This means you can earn more than a traditional fixed annuity if the stock market performs well.

However, you will not lose any money if the stock market declines. This is because your money is not invested in the stock market but used as a “measuring stick” to determine your interest rate.

Additionally, interest earned is “locked in” even if the market’s future value declines.

Best Ways To Save Money For Retirement

What Are Some Other Ways To Protect Your Retirement Money?

There are a few other ways to protect your retirement money. You can ladder CDs to ensure that you always have money-earning interest, no matter what happens in the stock market. Or, you can invest in Treasury bonds, backed by the U.S. government and offer a guaranteed interest rate.

You can also create a retirement income plan with a mix of investments, such as stocks, bonds, and annuities. This will help protect your money while still allowing you to earn more money.

No matter what method you choose, the most important thing is to have a plan to protect your retirement savings. By doing this, you can rest assured that your money is safe and secure.

What Are The Risks Of Not Protecting Your Retirement Money?

If you don’t protect your retirement money, you could lose everything if the stock market crashes. This is because your retirement savings are likely invested in the stock market.

Another risk is that you could outlive your retirement savings. This is because traditional retirement accounts do not offer any protection from inflation.

How To Protect Retirement Savings

Next Steps

So, if you’re looking for a safe and secure way to protect your retirement savings, consider transferring them into a fixed or fixed index annuity. Our team at The Annuity Expert would happily help you find the right product for your needs. Contact us today for a free quote, and let us show you how we can help keep your money safe during these uncertain times.

How To Protect Your Retirement Money Tips From An Expert

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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