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Is an Annuity for You?

Most people looking into retirement saving options don't look at all the options first. Most think that annuities are only for people who need retirement income, or have large sums of money to invest, but the truth is they also provide many benefits for individuals interested in accumulating assets over time as well. Three of the primary benefits of annuities are: .

 
  • Accumulated earnings are not taxed until you withdraw them from the contract.1
  • Flexible payout options, including the ability to generate an income that you cannot outlive (annuitization).
  • Wide range of investment choices, including fixed rate contracts and variable options that participate in the markets.

1 Annuity withdrawals are subject to a 10% federal excise penalty on withdrawals of earnings under age 59 ½. In addition, most annuities impose a declining surrender charge for withdrawals made in the early years of the contract. Provisions vary widely between individual contracts. Read all contracts and/or prospectuses carefully before you invest.
 
 
 

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