Where I Save for Retirement
Market Trust program
The Market Trust program is a conservative discretionary advisory program that combines cash, an annuity, and securities to provide an investment profile that:
- Is principal protected at program maturity
- Provides potential market upside with a variable APY of 12.48%
- Provides access to all market gains at any time
The program term is 5 years. The minimum program investment amount is $10,000. Due to the unique nature of some of the portfolio investments, it is restricted to individuals 55 years or older.
How program investments work
As part of your enrollment, Save will allocate your deposit into 3 investments:
- A portfolio security, which provides your market exposure and your program market returns
- A guaranteed annuity, which provides capital protection by having a projected contract value at the end of your program term equal to your full deposit
- Cash, which provides a cash reserve for portfolio adjustments and fees
Whether or not you already received the $5k in equivalent portfolio investments from the earlier Market Savings program sign up bonus, you can still participate in this offer to get an additional $10k in equivalent portfolio investments with this sign up bonus. I like these savings vehicles even without the sign up bonuses and love them with these bonuses.
Caveat
You have to be at least 55 years old. More serious caveat — is this all too good to be true? It is so different than anything else I own or have seen that it gives me pause. I pulled the trigger but others can reasonably have different views. In my case the lavish sign up bonus made the difference.
Conclusion
I love downside protection and upside kickers; this offers both!
TL; DR
Whether or not you got $5k in equivalent portfolio investments already, you (if you’re over 55) can get another $10 here.
