financial-products

Sometimes managing money is about more than just a savings account. Fortunately, PGU offers a wide array of financial products to help you make the most of what you work hard for.

Mutual Funds
A mutual fund is basically an investment portfolio that you and a group of other people mutually invest in, and which is managed by a professional in accordance with certain stated goals. There are high risk and low risk mutual funds, depending upon where you choose to put your money. The investment portfolio many contain stocks, bonds, and cash investments chosen by the investment company to help achieve the fund’s goals.

An annuity is a contract whereby you pay money to an insurance company, which is then used in investments. At a time of your choosing, they begin to pay you back out of the earnings, in amounts depending upon the length of time for which you wish to receive payments. Annuities can be a great way to make sure you maintain a steady income, regardless of how the economy performs.

An IRA is a type of retirement account that lets you invest tax-protected money in a way that allows it to earn you positive returns and often lower the amount of taxes you pay in the long run. You can either pay taxes on the money when you put it in the IRA thus avoiding taxation on the returns it earns or you can pay when you withdraw it, which may help you if youre in a lower tax bracket at that time.

These are just a few of the financial products PGU can help you learn about. Whether you need a mortgage life plan on your home, want to start up a college savings plan, or just want to learn what options are out there for managing your money, give PGU a call today. We can help you understand the fine print.