Meet Your Retirement Saving Goals
Individuals, and small businesses, choose annuities for many reasons.
Make annuities a reliable part of a long-term savings strategy tailored to meet your retirement goals.
By investing in your future now, you can help ensure a steady income that lasts for years.
When considering an annuity, decide whether you plan to invest pre-tax dollars (qualified annuity) or after-tax dollars (non-qualified annuity).
Types of Annuities
To determine which type of annuity is a good fit for your needs, it may be helpful to do a comparison:
- Deferred fixed annuities offer stability by retaining a minimum guaranteed interest rate. Earnings are not taxable until you receive distributions.
- Immediate annuities start generating payments right away for a designated period of time.
- Variable annuities can generate higher returns but may be riskier because growth depends on multiple factors, including the stock market.
To learn more about increasing your retirement income with annuity options, contact a WoodmenLife Representative today.
WEB48 - 2/1/2017
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