Annuities: 

Retirement Savings Plans

When you think about your retirement what do you envision? Do you see yourself 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. With some thought and planning, you can create a retirement plan that's right for you and your family.

 

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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

Employer-Sponsored Plans

403(b) and 457(b) Plans are the most common employer-sponsored retirement options offered by school districts. They allow you to make pre-tax contributions through payroll deductions and offer tax-deferred earnings growth. They also allow for your employer to contribute as well.

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Individual Retirement Accounts (IRAs)

Unlike 403(b) and 457(b) Plans, IRAs can be opened and funded without your employer’s involvement. We offer Traditional or Roth IRAs. The key difference between them is deciding when you want the tax benefit: when you contribute or at retirement when you withdraw the money.

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Annuities

Annuities are contracts that can be used as investments within a 403(b), 457(b) or IRA plan to help prepare you for retirement. There are two main types of annuities: fixed and variable*. The main difference between them is the amount of risk assumed.

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Investment earnings accumulate tax free until withdrawn from your 403(b) or 457(b) Plan.

Contribution Control

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

Catch-Up Contribution

If your needs change, you can alter your contribution amounts going forward, generally at any time.

Annuity Support

If you have an American Fidelity annuity, log in to your online account to access important forms, documents and more.