This Wall Street article points out that starting in 2017 the oldest Baby Boomers have to start taking mandatory withdrawals from their retirement accounts. Retirees have to take the annual minimum distribution or face a 50% penalty on any funds they do not take out that year.
Many of these retirees will be paying more taxes on this additional income and may want to reinvest these funds for future expenses. This problem will grow for years to come as over 70 million baby boomers age. This is a great opportunity for wealth management advisors to help find investments for some of this extra cash.
Action step: Retirees need to reassess what they think they have saved, plan for more taxes and advisors need to have a plan to help these retirees reinvest some of this cash tsunami.
SaverNotes was created to provide to an alternative investment for those seeking a higher current return on a portion of your investment portfolio. Please consider this investment to help you achieve your financial goals.
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For more of the story, please visit SaverNotes at https://www.savernotes.com/
|Regular||$10,000.00 to $99,999.99||$100,000.00 to $249,999.99||$250,000.00 or more|
|IRA||$25,000.00 to $99,999.99||$100,000.00 to $249,999.99||$250,000.00 or more|
|Term||Interest Rate||Interest Rate||Interest Rate|
Headquartered in Eden Prairie, MN., SaveNotes, LLC provides a unique alternative to stocks, bonds and CD’s by providing fixed income with high return, while remaining easy to invest.
SaverNotes pays interest to its investors based on a variety of available investment amounts and maturity dates. SaverNotes have no fees or expenses and are available for any Minnesota investor. Current rates range from 3.00% to 6.00% based on terms of two to five years. Investors can also invest through their IRA account.