Mindful Money Method- Financial Solutions

Congratulations are in order to the Jennings Insurance Group's newest team member: Chelsea Witt on passing her Missouri State Insurance Licensing exam.

In addition, Chelsea offers complimentary notary services. Please stop by and say "hello" to our "RockStar!"

How great is that raise sounding this year?

It’s usual at large employers to include a 2% annual salary bonus. However when you boil it down if you’re ONLY receiving 2 percent you’re really not making any gains financially due to the rise of inflation.

Remember when gas was under a dollar a gallon? Or a loaf of bread was under a dollar? Now all are reaching their ways towards three.

It’s very important to pay attention to these thing or otherwise overtime you will see a reduction in your buying power of your money!

What is Protected income? Years ago almost every major company provided pensions to their employees. To guarantee when they retire they would have income other than social security.

Now days less than 4% of companies have employee pensions. Which means the majority of savings relies on the employee which is why less than 10% of Americans today have an adequate amount of savings for retirement.
YOUR MONEY IS NOT PROTECTED IN A QUALIFIED PLAN

Now saw you do have money in a qualified account? What happens if the market drops and you’re taking an income from that account? That money is not going to last nearly as long due to the down market.

By placing your money in protected income products you can still have growth with downside protection and sleep at night that your money will always be coming in regardless of what the world is doing.

Have more questions?? I probably have answers!