Annuities
Close the “income gap” with confidence. Protect* your future and family.
Explore Your Options
Annuities For Retirement
Planning for retirement can be stressful. However, you may be unaware of certain options that may help to simplify your retirement and boost your confidence. Choosing annuities for retirement may provide a reasonable rate of return** while protecting your principal and interest.
Fixed Indexed Annuities For Retirement
Fixed indexed annuities (FIAs) are a type of annuity contract. FIAs provide indexed interest which has the possibility of a reasonable rate of return** and guaranteed* safety. The performance of a market index will raise your interest rate, allowing for higher returns when the market rises. But even if the index falls, your FIA will retain its value. Importantly, FIAs are not investments. Your annuity money is safe, even if the market crashes.*
FIAs Vs Retirement Plan Accounts
Traditional retirement accounts, such as 401(k)s and IRAs, differ significantly from FIAs. FIAs may offer greater flexibility than traditional retirement accounts, such as:
- Protection in the event of a market drop
- No contribution limits on your FIA
- Your money grows tax-deferred, meaning you won't pay taxes on it until you withdraw it
- You could potentially "roll over" the money from your 401(k) or IRA into an FIA instead
Annuities and Taxes
Annuities earn interest tax-deferred. This means you pay taxes on the money only when you withdraw it, unlike retirement plan accounts. Additional tax breaks may also apply. For example, if you received a lump-sum payment from an employer-issued 401(k), you can defer taxes by transferring the funds to an annuity. However, you should consult with a qualified tax advisor about these matters.
Are you considering annuities for retirement?
Looking for a financial planner? Reach out to us. Attend one of our educational seminar events, or schedule a one-on-one meeting to discuss your specific situation and whether an FIA could be a good fit for you.