Annuities

Discover the key factors that impact your retirement savings—and learn how you can make your money last.

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Annuity For Retirement

Planning for retirement can be stressful. However, you may be unaware of certain options that could help it feel less complicated. An annuity for retirement may provide interest at a reasonable rate of return** while protecting both principal and interest. Our primary goal is to guide you toward retirement income options that focus on safety, so that you’ll hopefully have confidence and peace of mind going into retirement.

Fixed Indexed Annuity For Retirement

Fixed indexed annuities (FIAs) are a type of annuity contract. FIAs provide indexed interest at a reasonable rate** 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. With an annuity for retirement, a portion of your money is kept safe,* even if the market were to crash.

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FIAs Vs Retirement Plan Accounts

Traditional retirement account options such as 401(k)s and IRAs differ from FIAs significantly. FIAs may provide more flexibility than standard retirement accounts, such as:

  • Protection,* even 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 if you feel it benefits your situation more
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Stages of an Annuity

Annuity contracts have two stages: accumulation and distribution. During the accumulation stage, you make contributions to your annuity and allow it to grow tax-deferred based on the performance of a market index. The interest rate may be calculated differently depending on the details of your annuity contract. The distribution stage begins when you withdraw funds from your annuity. Your contract will also specify when and how much you may withdraw.

Annuities and Taxes

Annuities earn interest tax-deferred. This means you only pay taxes on the money when you withdraw it, as opposed to with more traditional retirement options. Additional tax breaks may 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 always consult with a qualified tax advisor about subjects like that.

Considering purchasing an annuity for retirement? Contact us for more information.

Attend one of our educational seminar events, or schedule a one-on-one meeting to discuss your specific situation and whether or not an FIA could be a good fit for you.

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3560 Bridgeport Way W, Suite 1D
University Place, WA 98466

*Backed by the claims paying ability of the carrier.
**Our products offer a reasonable rate of return, over time.

IMPORTANT CONSUMER INFORMATION

This site is for informational purposes only and is not intended to be a solicitation for or offering of any product or investment. The offer for sale of an insurance product may only be conducted in a state where the agent is licensed and the product is approved for sale. The providing of investment advice relating to securities may only be done by a properly licensed individual operating through a licensed affiliate entity, unless otherwise exempt. Comments about past performance are not to be construed as a guarantee or assurance of future performance. This website may contain concepts that have legal, accounting and tax implications. We do not provide specific legal or tax advice, nor promote, market or recommend any tax plan or arrangement. Consult a tax/legal professional for guidance with your individual situation. No representations are made as to the accuracy or completeness of the information contained herein or any information contained in any link provided herein, nor does a consumer visiting the web site create an agent-client relationship.

By contacting Joshua Meyer WA Lic. #238262/Curt Chojnowski WA Lic. #222547/Executive Benefits Group WA Lic. #915203, you may be offered information regarding the purchase of insurance products, including fixed index annuities and life.

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