And that is why many people have opted to keep their savings in low interest bearing bank accounts which we can understand completely.
The problem with this strategy is that as time moves on, inflation and taxes will erode the purchasing power of your savings.
At MedRates, we offer a whole suite of wealth management products to help you grow your money a little more safely. Of course, there is some risk in all things, but we will show you things that offer a guarantee and things that do not offer a guarantee but can offer downside market protection.
In some cases, life insurance and annuities make sense for the right people and circumstances but there are also many other products that are available that can give investors reasonable returns with greater downside protection.
Our wealth management partners can also help build a custom portfolio and are happy to meet with you on a quarterly basis to keep you informed and on track.