Download the Retirement Income Planning with Fixed Indexed Annuities brochure in your own Generational Vault account! Don’t have an account? Setting up your secure and complimentary account is easy. Just fill out the short form on this page to get started.Get Started
When you finally retire, you’ll likely have spent more than 40 years working, and during that time you’ve gotten used to a consistent paycheck. Knowing when that check was coming made it easier to pay your bills and build your budget.
But once you excitedly enter your post-work life, that consistent paycheck vanishes. So, what then?
A fixed indexed annuity may be a solution. With a fixed indexed annuity, you can build a steady income stream that can be paid during a defined period or can be structured to last a lifetime. In exchange for these benefits, you must leave the money untouched for an initial “surrender” period or pay a penalty.
Contact us today to discuss how a fixed indexed annuity may help you build a more confident retirement.
Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Fixed indexed annuities are designed to meet long-term needs for retirement income, and they provide guarantees against the loss of principal and credited interest, and offer the reassurance of a death benefit for your beneficiaries. Early withdrawals may result in loss of principal and credited interest due to surrender charges. Any distributions may be subject to ordinary income tax and, if taken prior to age 59½ , an additional 10% federal tax. Purchasing an annuity within a retirement plan that provides tax deferral under sections of the Internal Revenue Code results in no additional tax benefit. Although an external index may affect contract values, the contract does not directly participate in any stock or equity investments. With the purchase of additional cost-riders, the contract’s value may be reduced by the cost of the rider, which may result in the loss of principal and credited interest in any year where the contract does not earn interest or earns interest less than the rider charge. Our firm does not provide legal or tax advice. Please consult a legal or tax professional.