FIXED ANNUITIES
Looking for protection and growth potential for your savings?
When it comes to your hard-earned retirement savings, does the thought of letting your money ride with the ups and downs of the stock market give you an uneasy feeling? But you don't want to miss out on the sharing in some of the potential gains? A more conservative solution, called a fixed indexed annuity (FIA) may be right for you.
Fixed Index Annuities
A fixed index annuity is a type of annuity contract that provides steady retirement income payments that are based on the performance of an underlying stock market index.
Fixed index annuities offer some of the features of investing in index funds, since they track the performance of indexes like the S&P 500, the Nasdaq Composite or the Russell 2000. Unlike index funds, fixed index annuities are generally protected against loss of principal. This means you won’t lose any of the money you put into a fixed index annuity.
Benefits of Fixed Annuities
-
You can elect to receive guaranteed payments for life, or elect payments to be made over a specified length of time.
-
Inflation protection
-
Limit on your losses
-
Predictable earnings
-
Tax-deffered income growth ​
The Two General Types of Annuities
Income Annuities
Income annuities can provide you with a guaranteed, reliable income stream that lasts a lifetime. If you are approaching retirement or currently retired, income annuities can help supplement your income through a series of payments throughout your lifetime or for a specific period of time.
Deferred Annuities
Deferred annuities help accumulate assets for retirement. This product provides clients with a fixed rate of return and tax-deferred growth. With deferred annuities, your investment will never decline in value.
Annuities may be right for you if...
You are approaching retirement or currently retired
You thought saving for retirement was the hard part. Now you need a steady retirement income.
You want to receive income for the remainder of your life
You like receiving monthly deposits for the remainder of your life.
You’d like to minimize taxes** you pay on your annuity earnings​
You're not in need of money right now and looking for a way to accumulate funds while deferring tax payments.
You’re looking for an alternative to a certificate of deposit​
You're looking for an investment where your money works hard for you, with potentially high returns on investment.