Safest Place For Retirement Money

During your working years, you might have been more comfortable with higher risk tolerance. But as retirement draws closer, things have changed. The stock market will always go up and down. But, as we grow older the downturn we can handle. Especially if your retirement earnings takes a loss during your “golden years”, you might not be able to bounce back from the losses. 

To address this risk, at Tower Bridge Financial we offer strategies to help you find the safest place for your retirement money. Safety first, then potential accumulation.

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Safe Retirement Income Is Possible

More than anything, Tower Bridge Financial wants retirees to feel confident about their retirement strategy. It’s essential to preserve your hard-earned money. With that in mind, our team focuses on opportunities that can defend your money from losses. We aim to prove to you that safe retirement income is possible.

We make sure our clients understand three things:

  • Retirement doesn’t need to be difficult. Your strategy should be simple. Eliminate as much confusion as possible in planning a financial future.
  • Safety comes first. Focus on protecting your principal.
  • Achieve a reasonable rate of return** (while preserving principal).

Why Safe Retirement Income Matters

As you near retirement, priorities shift. Earlier in your accumulation years, you can stand to take more gambles. Particularly, if the market drops, so does your earnings. Depending on how far off from retirement you are you may have time to recoup the damage. If you are approaching retirement or are considered a “pre-retiree”, you don’t have that luxury of time. 

If a crash occurs your future retirement might be in jeopardy. Or worse, if you have already retired when the crash occurs, you may not have enough money saved to pay your bills. That is precisely why a safe way to save money for retirement is so crucial. Safe retirement income will give you peace of mind, no matter the market volatility.

How to Generate Safe Retirement Income

When establishing wealth for retirement many people invest in the stock market via their IRA, 401(k), 403(b), or other retirement strategies. The plan is to ibuy into for the long-term. When you draw nearer to retirement your money doesn’t come from employment anymore but from your earnings. Now is the time to make your money work for you. That’s why it is important to have a dependable strategy to produce income for yourself in retirement.

When contemplating a retirement strategy, you need to make sure that your principal is safe. When you are counting on a precise amount of income during retirement, it’s critical to make sure your money is safe. Tower Bridge Financial can show you how to use insurance products like a fixed index annuity (FIA) and more to preserve your assets and your loved ones.

Generally, the right kind of fixed index annuity (FIA) may be a suitable choice to generate a safe retirement income. First off, these annuities offer a guaranteed income. By law, insurance companies are required to put aside “assets” to keep their insurance member’s money safe. 

A second benefit fixed index annuities (FIA) provide is tax deferment. That means unlike a mutual fund or a Certificate of Deposit (CD), you are not required to pay taxes until you begin collecting money from a fixed index annuity (FIA). Your money can accumulate tax-free.

Retire Safely With Tower Bridge Financial

It is crucial to understand that a safe retirement income starts by preventing damages. Nobody wants to lose the hard-earned money they amassed but they do want their money to increase at a reasonable rate of return.** It’s essential to keep the retirement strategy simple. 

When you meet with one of our professionals here at Tower Bridge Financial, we can help you find the safest place for your retirement money. We are here to answer your questions and help you plan a carefree retirement.

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