It seems it’s time to serious start thinking about the future and investing what little spare money I might have to invest. By this I mean investing in my future so that I have a decent retirement income. It would certainly help if I manage to get back to work soon! I’m still working on that. I should have news on that front soon.
My husbands bank has been calling on and off for the last week or so. They seem to want him to reinvest his retirement savings in a different way. They’ve suggested a few things but we told them to hold on for a few days while we thought about it. This of course means we’re doing a little research on their suggestions.
The problem is that the interest rates they are offering are fairly low. Some of the products have higher interest rates than others. One of them is something called a hybrid annuity. I’m just learning about annuities but it seems that hybrid annuities combine aspects of fixed and variable annuities so that you get the best of both worlds investment wise if you like annuities as an investment.
My husband will probably make a decision as to whether he’ll change his retirement savings over to some other type of investment that earns him better interest in the next little while. I think I’m going to see what my bank is offering as well and see if I can do better on my savings too.