Variable annuities offer a unique way to plan for retirement: by accumulating tax-deferred growth based on market performance, and providing a variety of payout options for guaranteed retirement income.
Variable annuities are a long term investment that feature:
- Guaranteed lifetime income
- Tax-deferred growth until payout
- Death benefit to help create a legacy for your beneficiaries
- Flexible withdrawal privileges with tiered surrender charges
Optional living benefit riders provide growth potential and protection from market risk, as well as bonuses prior to taking withdrawals. Deferred income riders also allow you to seamlessly transfer your money into a stream of guaranteed income payments, starting whenever you choose, at no additional cost to you
You can also benefit from the features of variable annuities by using them to fund other tax qualified retirement arrangements, such as Traditional IRAs. Talk to your advisor to learn more.