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Annuity
Dating Game
Meet Sandy, the pre-retiree, who interviews the annuities contestants — Fixed, Immediate and Variable.
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Are you changing jobs or retiring? To streamline your finances, you may want to consider rolling the balances from your employers' retirement plan directly into a Rollover IRA. By rolling the assets over, you avoid early withdrawal penalties and defer taxes until distribution.
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Annuity Options: Choices
Abound For Today’s Retiree
In recent years, variable annuities have been playing an increasing role in the retirement investment strategies of more and more Americans. Boosting this rise in popularity is the fact that the Baby Boomer generation is beginning to enter retirement. As such, the various income guarantees and so-called “living benefits” available through many variable annuities are growing in importance.
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Steady income…even after working.
Annuities are financial planning vehicles designed for generating income in retirement.
They’re essentially a contract between you and an insurance company that enables your
earnings to grow tax-deferred1 until withdrawal.
How do annuities work?
You pay the issuing insurance company a sum of money — either a lump sum or several
payments over a period of time — and that company guarantees payments which you can
defer until later or begin receiving immediately. This process of converting an annuity
investment into a series of periodic income payments is called annuitization. You can
either defer payments (annuitization) or you can have the payments begin immediately.
Annuities can be a useful addition to your retirement income strategy by providing you
with a regular stream of payments so that you can count on predictable income for the
rest of your life.
The SecurePathSM by Transamerica Advantage
Our financial advisors offer insurance products through InterSecurities Insurance Agency,
Inc., which is licensed in most states. Because they can offer insurance products issued
by different carriers, our advisors can help you find the product or products that work
well within your overall retirement picture, not steer you toward the ones that pay them
the highest commissions. If you are interested in finding out whether an annuity is the
right solution for your income planning strategy, call one of our financial advisors today.
Compare and Contrast Different Types of Annuities
There are three main types of annuities: single premium immediate, deferred variable and deferred fixed. Learn about each type of annuity by clicking on the tabs below.
Your income…no waiting.
Immediate annuities are funded by a lump sum of cash – or a single premium – as opposed
to multiple premiums because they have a specified payment plan that begins immediately.
This annuity can be an attractive option if you are nearing retirement age and are
looking to augment other sources of fixed income.
Need guidance in determining if a single premium immediate annuity may be right for you?
Call one of our financial advisors today.
The opportunity to choose, the chance to grow.
Variable annuities give you the opportunity to decide how your premiums are allocated
among an array of investment options ranging from conservative fixed accounts to
aggressive stock portfolios. These annuities carry more risk because the portfolios
are tied to market performance and therefore are subject to market fluctuation, including
possible loss of principal, but also have the potential for more growth.
Need help deciding if a variable annuity may be a good option for your retirement portfolio?
Call one of our financial advisors today and ask about the benefits of variable
annuities.
Before investing, consider a variable annuity’s objectives, risks, charges and expenses. Call 866-248-9421 for a contract and prospectus containing this information. Please read it carefully before investing.
Variable annuity costs generally include a mortality and expense risk fee, administrative charge, annual contract fee, subaccount management fees, and may also include a surrender charge.
Variable annuities are long-term insurance products designed for retirement purposes. Guarantees subject to the claims-paying ability of the issuing insurer, and do not apply to the investment performance or safety of amounts held in the variable annuity subaccounts.
Guaranteed income, guaranteed reliable.
Fixed annuities are dependable, low risk annuity options that offer steady,
insurer-guaranteed interest rates even when the market is down. They can
provide you with a stream of consistent payments on the schedule of your choosing.
Interested in finding out if a fixed annuity may benefit your income planning
strategy? Call one of our financial advisors today.
Withdrawals from a fixed annuity may be subject to surrender charges. Costs may also include
an annual contract fee. Guarantees subject to the claims-paying ability of the issuing insurer.
1The purchase of an annuity through a tax-qualified account does not provide tax deferral additional to the treatment provided by the retirement plan itself. Payments are subject to ordinary income tax and, if taken prior to age 59-1/2, also subject to a 10% federal tax penalty.
SecurePath by Transamerica is a service of Transamerica Retirement Management, Inc. (TRM). TRM is a marketing unit of Transamerica Life Insurance Company, Cedar Rapids, IA, and Transamerica Financial Life Insurance Company (TFLIC), Purchase, NY. TFLIC is licensed in New York. Securities are offered through Transamerica Financial Advisors, Inc., (TFA), member FINRA, SIPC and Registered Investment Advisor. Insurance products are issued by the insurers and offered through InterSecurities Insurance Agency, Inc., which is licensed in most states., All companies named are AEGON affiliates.
