Annuities
Considering an annuity for retirement? Annuities, especially Fixed Indexed Annuities (FIAs), may offer protected principal,* tax-deferred growth, and potential for higher returns** based on market performance. Connect with us to find out more if you think an FIA might enhance your retirement strategy.
Consider An
Annuity For Retirement
Creating a retirement strategy may be a difficult process. You might not be aware of some of the options available, though, that could make your retirement strategy easier to understand and give you greater confidence in it. An annuity for retirement may provide interest at a reasonable rate of return** and protection of principal. Our primary objective is to help you find retirement income options that incorporate safety.
Fixed Indexed Annuity For Retirement
One kind of annuity contract is a fixed indexed annuity (FIA). An FIA could provide guaranteed* income protection and indexed interest at a reasonable rate.** Your interest rate will increase in response to the performance of an index, enabling you to earn higher returns whenever the index is up. But if the index drops, your FIA won't suffer any losses. Crucially, FIAs are not financial investments. Even if the market crashes, the money in your annuity remains protected.* This stability is, alongside other benefits, a major reason why many choose a fixed indexed annuity for retirement.
FIAs and traditional retirement plan accounts, such as 401(k)s and IRAs, are very different. Compared to these other options, An FIA could offer greater flexibility in the following ways:
- Protection in the event of a market drop
- No contribution limits
- Your money grows tax-deferred (meaning you won’t pay taxes on the money until you withdraw it)
- You could potentially “roll over” the money from your 401(k) or IRA into an FIA instead
FIAs Vs Retirement Plan Accounts
Annuities and Taxes
Interest earned on your annuity is tax-deferred. This means you only pay taxes on the money when you take it out. There could be further tax benefits available. For instance, if you received a lump sum payout from an employer-issued 401(1k), you may be able to defer taxes by transferring the money into an FIA. However, you should discuss issues like this with a qualified tax advisor.
Are you thinking about purchasing an annuity for retirement? Get in touch with us to learn more. Attend one of our informational seminar events or set up a private meeting to talk about your circumstances and whether an FIA could be the right option for you.