How Tax-deferred Growth — Savings Grow Faster Than With Taxable Vehicles.
Houston, Texas --News Direct-- Jennifer Lang Financial Services, LLC
Even though Americans usually keep about 7% to 8% of their income in savings, that rate increased to more than 33% due to the pandemic. Today the amount of cash parked in individual savings accounts is nearly $2 trillion. Unfortunately, even high-yield savings accounts offer less than 0.70% interest. While these accounts are FDIC insured, their earnings are taxable. Multi-Year Guaranteed Annuity laddering strategies help investors reach higher interest potential. Continue Reading...
Jennifer Lang Financial Services, LLC.
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