Consider a Fixed Indexed Annuity
Given the ongoing market volatility and low fixed interest rates of recent years, many Americans share growing concern over those financial risks and the threat they pose to retirement security. A fixed indexed annuity is a tax-deferred insurance product. It is designed both to protect its accumulated account value from losses due to negative changes in the market indexes associated with the annuity as well as to guarantee a lifetime income. For upside potential with downside protection, indexed interest options offer: \ Opportunity — interest rates based in part on positive changes in market indexes \ Certainty — interest rates guaranteed to be never less than zero, even if the market indexes go down \ Security — a guarantee that once interest is credited, it can never be lost due to declines in the market indexes associated with the annuity The guarantees in a fixed indexed annuity may serve as a buffer against potential losses in other areas of your retirement wealth-building efforts. The choice of interest crediting options provides an opportunity to select your allocations according to your individual needs and outlook.
One of the most valuable aspects of any annuity is its ability to provide you a guaranteed retirement income stream that can last a lifetime.
Tax Deferral Makes a Difference over Time
An annuity grows tax deferred. You pay no taxes on the interest credited until you take a withdrawal or distribution. Over long periods, tax deferral can make a significant difference in a retirement plan. (Tax deferral provides no added advantage to an annuity purchased through a qualified plan or IRA.)
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