Whether you are just getting started with your 403(b) or 457(b) Retirement Plan – or have been contributing to one for a while – right not is a great time to select a Fixed Indexed Annuity (FIA) as one of your allocation options within your retirement income strategy.

The current low interest environment is great for mortgages and other debts we hold, however, it can mean something totally different for our retirement savings

A 403(b) or 457(b) Retirement Plan is designed to supplement your public pension and is comprised of different financial vehicles that offer you a strategy to grow your retirement savings tax-deferred. The financial strategies found in your 403(b) and 457(b) plans are typically mutual funds and annuities, including fixed annuities, variable annuities, and fixed indexed annuities.

Why should you consider choosing a Fixed Index Annuity?
  1. Increased growth potential
  2. Provides downside protection
  3. Guarantees a lifetime income stream

A Fixed Indexed Annuity is an insurance product that is designed to accumulate retirement income while offering income guarantees against principal losses due to a decline in the elected index

  1. There is increased growth potential inside a Fixed Indexed Annuity. The interest in your retirement income strategy is credited based in-part on the change in a market index e.g., S&P 500. This means that your retirement plan reaps the benefits of an up market, but never loses value in a down market. Yes, you read that correct. This is possible due to your FIA not directly participating in any stock or equity investments.
  2. An FIA provides downside protection. It is critical that we ensure your retirement savings are protected when the market index is down – and even more so with an increase in market volatility. Your FIA 403(b) or 457(b) are structured so you will never earn less than 0% interest in the index strategy due to an index decline.
  3. Your FIA retirement income strategy can guarantee you a lifetime stream of income during your retirement years. Enough said! Supplementing your pension with a Fixed Indexed Annuity helps you meet your retirement needs, dreams and goals giving you the retirement life you desire.

95% of people utilizing a 403(b) retirement plan are interested in utilizing a Fixed Indexed Annuity as part of their retirement income strategy.