Do You Have Lazy Money?
In this video, we discuss the concept of lazy money, which refers to the funds sitting idle in your bank account that could be earning a higher return. We provide an example of having $100,000 in a local bank account with a 1% return, compared to potentially earning a 5% return by exploring other options We also emphasize the importance of being proactive and searching for the best rates available to ensure optimal returns.
Are you interested in receiving expert help in planning for your financial future?
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Disclaimer: Since we do not know your specific situation, none of this information can serve as tax, legal, financial, insurance, or financial advice, and may be outdated or inaccurate. The information comes from sources believed to be reliable but cannot be guaranteed. This content is prepared for educational purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. Peak Retirement Planning, Inc. is an Ohio based registered investment adviser and able to offer advisory services in Ohio and in other states where registered or exempt from registration.
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