Zephaniah 3:17 reminds us that God is musical and He rejoices and sings over you. - -
The LORD your God in the midst of you is mighty; he will save, he will rejoice over you with joy; he will quiet you with his love, he will rejoice over you with singing.
Tuesday, May 20, 2014
Wondering Where the Interest Went?
Interest in Bank Savings is less than 1%
Although I am certainly not
an investment counselor I do know a good deal in today’s investment market
instead of a bank savings account.
For many years, I have held
accounts with Church Extension Plan
and have always signed up for a five year note.An account can be opened with $250 and added to until they notify you
that no more can be added to that account.So what I did was open second and a third account for another 5 year
When I retired from my job, I
had saved a nice sum into a “457 account” which is similar to a 401
savings.Most of my funds were in the
stock market and I was losing money fast.This did not make me happy!
Because of my age I was
required to begin withdrawing an amount each month.
Then I realized that CEP had
an IRA where I could transfer my 457; So
I did.Then I began to take out the
required amount each month, but my interest was more than I took out, so my IRA
funds did not diminish.
You do NOT need to belong to
the Assemblies of God to invest.Just
understand if you are a Christian, then you are a “Friend of the A of G.”That is the requirement, just be a friend and
begin with a $250 investment.
Perhaps your church
organization has a similar plan - - check it out and then also view what CEP
can do for you!
This post is my personal
and not that of an investment broker.
Note: There are higher interest paying annuities, but you sign up to give your money away and settle for monthly interest payments. Your equity is gone.