Safe Money Places
1-877-844-0900 | info@safemoneyplaces.com
1. The Dangers 2. Risk Tolerance 3. Income Gap 4. Fill the Gap 5. Choosing a Solution 6. Comparison Report
1-877-844-0900 | info@safemoneyplaces.com
1. The Dangers 2. Risk Tolerance 3. Income Gap 4. Fill the Gap 5. Choosing a Solution 6. Comparison Report
The Dangers

Step 1: Realize the dangers of riding The Financial Roller coaster

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The financial roller coaster of the market is captivating, as the hopes for high returns is always appealing. We always want to "win" a little more before we stop gambling right? However, the stakes are much higher as you near retirement or if you're currently retired. Why? Because you won’t have enough time to recover a big loss from the market.

Taking a Big Loss in the Market Near or During Retirement Can Cause People to NOT Have Enough:
  1. Retirement income to cover their monthly essential and discretionary expenses
  2. Money set aside for emergencies, like buying a new air conditioning unit for their homes
  3. Savings available to cover unexpected health care costs such as an chronic illness event
The three risks listed above make most people realize they need to move some (if not all) of their money out of the market into financial products that provide guaranteed returns with no risk of losing principal. We call these guaranteed financial products "Safe Money Places". In Step 4, you'll learn which financial products we consider to be Safe Money Places.

One of the best ways to determine when to quit riding the "financial roller coaster" is to determine your risk tolerance. Please proceed to Step 2.
Risk Tolerance

Step 2: Determine Your Risk Tolerance

Risk Tolerance
If you have money at risk in the market, it's important to diversity your portfolio and determine how much of your money you need to shield from risk and loss. Everyone has a unique risk tolerance based upon their current financial situation and their goals. Only you can decide how much of your money you need to shield from risk or loss.

However, most people decide they can NOT afford to lose any of their money during retirement.

A majority of retirees decide they need all of the retirement income they can get and want money saved back for financial emergencies and health care costs.

To help you better understand your risk tolerance, you need to calculate your income gap. Please proceed to Step 3.
Risk Tolerance

Step 3: Calculating your Income Gap

Determining your income gap is probably the most important step in creating a strong retirement financial plan. You will need to have enough income to cover both your essential and discretionary expenses.

In order to evaluate how much income you'll need, you need to add up all of your guaranteed retirement income sources (such as Social Security) and subtract them from your monthly expenses. For most people, their Social Security income, pensions (if they're luck enough to even have one), and other income sources will not be enough to sustain the lifestyle they've become accustomed to.

We developed a Retirement Income Gap Worksheet to help you determine if you have enough income to cover your monthly expenses.

Please Note: In order to fill out the PDF worksheet and save the changes you make, please download the PDF worksheet and save it to your computer. Then open it up using Adobe Reader. Don't have Adobe Reader? Please download it here.

Once you've determined your income gap, you need to find a product that fills that income gap and offers guarantees with no risk of loss. Please proceed to Step 4.

Retirement Income Gap Worksheet

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DOWNLOAD WORKSHEET >
Risk Tolerance

Step 4: Fill your Income Gap with guarantees

If you've determined you have an income gap (like most people find), you need to look for financial products that offer guaranteed returns with no risk of losing principal due to circumstances outside of your control.

We call these guaranteed financial products "Safe Money Places". Here's a list of products that "qualify" under our definition:
  1. Savings Accounts
  2. Money Market Accounts
  3. Certificates of Deposit
  4. Savings Bonds
  5. Fixed Annuities
  6. Life Insurance
However, not all Safe Money Places Solutions are created equal and are designed to serve a specific needs. Please watch our video "Multi-Year Guaranteed Annuity Vs. Bank CDs" to learn more about the differences.

If you have money in the market or low yielding Safe Money Places like Money Market Accounts, Savings Accounts, or Bank CDs, you may want to consider moving some or all of that money into a Safe Money Product that offers higher returns and more benefits... like a Fixed Annuity.

Fixed Annuities Can Offer You:
  1. Safety of principal
  2. Reasonable rates of return up to 7.25% guaranteed
  3. Chronic Illness benefits
  4. Guaranteed lifetime income
  5. NO Market Risk

The final step is determining which Safe Money Places Solution is right for your situation. Please proceed to Step 5.

Multi-Year Guaranteed Annuity vs. Bank Cds

Risk Tolerance

Step 5: choosing the right safe money product

Before you can choose which Safe Money Places Solution is the best choice to meet your financial goals, you need to ask yourself what features and benefits you want your financial product to have.

What Benefits Do You Need From Your Financial Product?
  1. Lifetime Retirement Income
  2. Guaranteed Returns
  3. Tax Deferred Growth
  4. Asset Accumulation
  5. Chronic Illness Benefits
  6. No Market Risk
Most people want ALL 6 of the benefits listed above in one  product. If you're one of them, a Retirement Income Annuity may be a great solution for you.

Watch our "Learn the Basics: Fixed Index Annuity 101" video to learn why this product is one of our favorite Safe Money Places.

Please proceed to the next and Final Step.

Safe Money Places favorite:
Learn the Basics about Fixed Index Annuities

Risk Tolerance

Step 6: See if a Retirement Income Annuity is a good fit for you

request Your Free 2019 Retirement Income Annuity Comparison Report

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Up to 7.25% Guaranteed Returns

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NO MARKET RISK

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Guaranteed LIFETIME Retirement Income

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Income Account Guaranteed to DOUBLE in 10 years

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Highly Rated Companies

Your FREE REPORT includes detailed overviews on the most competitive retirement annuity rates in the industry. These custom reports are tailored to your age, state, and only show guaranteed rates from highly-rated companies.

​Please Note:
  • Reports may take up to 1 business day to fulfill.
  • Please ensure accuracy by reviewing information before submitting.
  • Valid requests only. 
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View 2019's Best Retirement Annuity Rates and Payouts

We guarantee 100% privacy. Your information will not be shared.

Safe Money Places® and this website are operated by SMP International LLC. Safe Money Places is a consumer website. Safe Money Places is not a licensed insurance agency and financial products cannot be purchased on this website. Annuities must be purchased through a licensed insurance agent. Detailed product information such as Surrender Yields, Premiums, Age Restrictions, Riders, Fees and Withdrawal provisions vary by product, and may vary based on state availability and are subject to change without notice. Products are not available in all states. 

* Optional lifetime income benefit riders are used to calculate lifetime payments only and not available for cash surrender or in a death benefit unless specified in the annuity contract. Fees may apply. Surrender charges apply to base contracts. Guarantees are based on the financial strength and claims paying ability of the insurance company. It is important that you read all insurance contract disclosures carefully before making a purchase decision. The preceding information does not represent tax, legal, or investment advice.


​Safe Money Places® does not warrant anything on this website, although we strive to keep all information current and up-to-date.

We do not provide tax, legal, accounting, financial, or investment advice. You need to do your own homework and consult your own experts on your personal situation. This website is protected by applicable copyright laws. You may make or print one copy of any material for personal use, further copying or distributing is prohibited without prior written permission.


Raymond J. Ohlson, CLU, CRC, is the CEO of SMP International LLC which owns safemoneyplaces.com. Mr. Ohlson is a licensed insurance agent in all states with the exception of New York. If you request information, regarding a product or service, you may be contacted by a life insurance agent licensed in your state.

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Safe Money Places® and this website are operated by SMP International LLC. Safe Money Places is a consumer website. Safe Money Places is not a licensed insurance agency and financial products cannot be purchased on this website. Safe Money Places® does not warrant anything on this website, although we strive to keep everything accurate and up-to-date.

​We do not provide tax, legal, accounting, or investment advice. You need to do your own homework and consult your own experts on your personal situation. This website is protected by applicable copyright laws. You may make or print one copy of any material for personal use, further copying or distributing is prohibited without prior written permission.

If you have an questions or concerns, please contact us at 1-877-844-0900 OR contact us by filling out our form.

Raymond J. Ohlson, CLU, CRC, is the CEO of SMP International LLC which owns safemoneyplaces.com. Mr. Ohlson is a licensed insurance agent in all states with the exception of New York. If you request information, regarding a product or service, you may be contacted by a life insurance agent licensed in your state.

​Privacy Policy
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