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	RICH By Choice A Complete Guide to Your Financial Success, by Erlend Peterson, CFP \| Meet Erlend \| Buy Book

Rich by Choice
• about the book
• table of contents
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Book Excerpts
• investment advice
• financial independence
• saving for early retirement
• mutual fund investing
• retirement annuities
• retire early, retire young

Resources

Savings Accounts

Learning Center
• financial tips
• cash reserves
• insurance
• savings accounts
• growth investments
• taxes
• retirement
• estate planning

Savings accounts earn a fixed rate of interest and are available at all banks, savings and loans and credit unions. They are available for any amount from $5.00 up to $1,000,000 or more. They usually pay interest of 2%to 5-6%, depending on how much money you plan to put in the account and how long you plan to leave it there.

Fixed-rate savings accounts are safe, guaranteed up to $100,000 by the U.S. Treasury, and most people like to have some of their long-term money in fixed-interest accounts.
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You could also own U.S. Treasury bonds or corporate bonds, and for tax savings you could own tax-free municipal bonds and tax-deferred annuities. However, if you are trying to build your assets and accumulate a lot of money, only 10% to 20% of your investments ought to be in fixed accounts, with the balance in growth investments.

Peterson Money Books
Book: RICH By Choice, by Erlend Peterson, CFP
A Complete Guide to Your Financial Success

money changes everything | rich by choice | challenge of wealth
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