{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Terry Savage: Chicken Money Is Still Tasty (From the Vault)","description":"In this episode, The Annuity Man and Terry Savage discuss:  What is \u201cchicken money\u201d? Considering future crises in your financial plan  Seeking trusted advisors  Building an income floor    Key Takeaways:  Your \u201cchicken money\u201d is money that you can\u2019t afford to lose. CDs, treasury bills, money markets, AAA municipal bonds, and MYGAs are suitable options. MYGAs and CDs are great for principal protection and tax deferral benefits. Focus on having an income floor and principal protection in retirement plans.  It\u2019s important to consider possible future financial crises and plan for them, regardless of political outcomes. Social Security is a primary source of retirement income.  Seek trusted financial advice from fiduciaries who fully disclose costs and operate on a fee-only basis. See to it personally that you are able to customize your financial plan according to your goals.  Have an income floor to protect yourself against market fluctuations and ensure financial stability. Social Security is a strong foundation for retirement income. Build on it with guaranteed products. Consider both the short-term and the long-term in your financial plan.    "Chicken money, by definition, is money you cannot afford to lose, and as such, it belongs in things like short-term CDs, treasury bills." \u2014  Terry Savage   Connect with Terry Savage: Website: https:\/\/www.terrysavage.com\/  LinkedIn: https:\/\/www.linkedin.com\/in\/thesavagetruth\/  Facebook: https:\/\/www.facebook.com\/The-Savage-Truth-190870517609983\/  New Book Link: https:\/\/www.amazon.com\/gp\/product\/1119645441\/ref=pe_2313400_441222210_em_1p_0_lm   Connect with The Annuity Man:  Website: http:\/\/theannuityman.com\/  Email: Stan@TheAnnuityMan.com  Book: Owner\u2019s Manuals: https:\/\/www.stantheannuityman.com\/how-do-annuities-work YouTube: https:\/\/www.youtube.com\/channel\/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https:\/\/www.stantheannuityman.com\/annuity-calculator! ","author_name":"\u201cFun With Annuities\u201d The Annuity Man Podcast","author_url":"https:\/\/www.TheAnnuityMan.com","html":"