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Prepare for Retirement with an Annuity Plan

When you think about your retirement, do you envision opportunities to do the things you love, like traveling, spending time with family, or learning a new hobby?

To make the best of your golden years, it’s important to start saving early. Even with government and state-sponsored retirement systems, you may need to consider personal retirement options as well..

That’s where annuities, or retirement savings plans, can help.

 

Here's how it works:

Select the right account for you

Determine a contribution amount

Contribute from your paycheck

Monitor your investment performance

Types of Retirement Savings Plans

403(b) and 457(b) Plans

These Plans are the most common retirement options offered by school districts. They allow you to contribute money through pre-tax contributions via payroll deduction, and allow for your employer to contribute as well..

 

Fixed Annuity

This plan allows you to accumulate interest on your contributions. The principal and interest on fixed contracts are guaranteed, so you will receive at least the minimum amount of payment, as long as the contract is in force.

Individual Retirement Accounts (IRAs)

Unlike 403(b) and 457(b) Plans, IRAs and Roth IRAs can be opened and funded without your employer’s involvement. The main difference between the two types is that the tax benefit occurs when you put money into an IRA and when you take money out of a Roth IRA.

 

Variable Annuity

This plan allows the potential for greater returns on investment over the long term by allowing you to invest your contributions in various market-based portfolios. Principal, interest, and market gains are not guaranteed, so this plan may not be suitable for everyone.

Talk to your American Fidelity account manager to learn more about your retirement savings options.

Features

Multiple Options

Depending on your employer’s selections, there are numerous retirement options available.

Tax-Deferred Growth

Investment earnings accumulate tax free until withdrawn from your 403(b) or 457(b) Plan.

Catch-Up Contribution

403(b) and 457(b) Plans may allow additional catch-up contributions for those age 50 and older.

Contribution Control

If your needs change, you can alter your contribution amounts without waiting for enrollment.