There was an article in USA Today titled, “Sorry, Savers: Interest Rates Set Record Lows.”
As I quickly scanned the article, I came across a few mind-bending and wallet-shocking figures: “Money funds yield an average 0.03%. The highest-yielding one-year bank CD, from CIT bank, yields 1.1%, says Bankrate.com — $5,500 a year from a $500,000 deposit.”
Wow and OUCH! Talk about a serious reality check for people who plan on using CDs or Money Funds to secure their retirement paydays.
Bill Mack, a student aid councilor in Allen, Texas was quoted in the article saying, “The fact that my savings are sitting in a money market fund doing next to nothing certainly impacts my comfort level in terms of when and where I will retire.”
Luckily for you and me, we understand the power of private money lending and know how to leverage our retirement into investments that allow, on average, 8% annualized returns (but oftentimes much more).
In fact, I just received this testimonial from one of our top producing affiliates who happens to also be a Registered Investment Advisor (RIA).
In a year where most bond funds were yielding 2% – 4% and even the best were in the 7% range, every single note we placed through PME yielded 9% or more. This allowed us to deliver performance to our clients, which was well above what other advisors could have delivered, and to do so with a significant reduction in risk.
Be sure to check out Private Money Exchange.