In this episode, the hosts discuss various strategies for earning interest in 2024, focusing on high yield savings accounts, money market accounts, CDs, and multi-year guarantee annuities. They emphasize the importance of understanding the differences between banks and insurance companies, particularly regarding cash reserves and tax treatment of earnings. The conversation aims to educate listeners on how to make their money work harder without taking unnecessary risks. In this episode, they discuss various investment strategies, focusing on bonds, peer-to-peer lending, and tax liens. He explains the mechanics of bonds, including their safety and interest rate dynamics, and introduces peer-to-peer lending as a modern alternative to traditional banking. The conversation also delves into tax liens and deeds, highlighting their potential for high returns and property ownership opportunities. Listeners are encouraged to explore these investment avenues for financial growth and retirement planning.
Reach out to Aaron and Rebecca at 918.913.0086 or https://ibmsb.com/contact-us/