Build a Stronger Financial Future
Three ways a fixed indexed annuity could help build your retirement savings with confidence.
You have heard this advice before: Save for retirement. But making sure your money lasts is not just about how much you set aside; it is also about how you grow those savings over time.
This is where the right strategy comes in. You need a smart mix of growth opportunities, protection from market downturns and long-term tax advantages. For many who are planning for retirement, annuities can be a helpful part of that plan.
Protect Your Savings While It Grows
A fixed indexed annuity is built to deliver the best of both worlds — growth potential and protection from market losses. Your earnings are linked to a market index, like the S&P 500®, which means your money can grow when the market goes up, but unlike some traditional investments, you won’t lose money when the market dips.
Even in a down year, you never earn less than 0%. That’s the “power of zero” — your gains are locked in. It’s a smart way to grow your savings over time, without riding every wave of market fluctuations.
Grow Wealth Today, Defer Taxes Until Retirement
With annuities, any interest or gains you earn are not taxed right away – they grow tax-deferred until you take money out. That means more of your money stays in the account working for you year after year.
This can serve as a big advantage if you expect to be in a lower tax bracket when you retire. You can grow your savings now and possibly pay less in taxes later.
When you combine an annuity with other retirement accounts like a 401(k) or IRA, you may be able to create a more efficient, long-term retirement strategy and keep more of what you have earned.
See how tax deferral gives your money more time to grow.
Stay Focused with a Strategy Designed for Long-Term Success
Annuities are designed for long-term savings – this can help you stick to your goals and lead to greater success in retirement.
While fixed indexed annuities do have surrender charges if you take out too much too soon, they also offer flexibility. In many cases, you can withdraw up to 10% of your contract value each year without penalties. When it is time to take Required Minimum Distributions (RMDs), those can typically be withdrawn without additional charges.
Some annuities also offer optional features like guaranteed income riders that can grow your income base over time, rewarding you for staying the course.
While annuities are not meant for quick-access savings, they do provide liquidity options for certain life events.
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