In response to the frequently asked question “What is meant by the phrase ‘Safe Money Place’” I thought to refer you to a definition I read and found easy to understand. The author of this week’s article wrote “Safe money places are vehicles that are used for the money that you cannot afford to lose; they’re products that provide peace of mind, knowing that your principal is protected from loss as a result of market fluctuations. Although some conjure up visions of fireproof safes and the space under their mattress when they think of safe money places, true examples of these products include: savings accounts, certificates of deposit (CDs), checking accounts, fixed annuities, indexed annuities and U.S. government savings bonds”. We believe in safer money places over risk. If you think the same way, give us a call so that we can tell you what options are available to you. We’re always here to help.
