At The Resource Center, our indexed annuities reward your lifes work by providing opportunities for your retirement funds to grow. Unlike traditional fixed annuities, which offer only a fixed rate for a specific period, our annuities offer extra earning power through a variety of options for determining interest credited to your annuity. These options, known as crediting rate strategies, allow you to earn interest based on the index gains and/or enjoy the predictability of a fixed interest rate. You benefit from tax deferral and the opportunity for index-linked interest earnings.
Money remaining inside an annuity grows without being taxed until withdrawn. Unlike qualified retirement accounts where you must begin taking out money around age 70½, most annuity contracts permit the owner to enjoy the advantage of tax deferral until age 85, 90 or even later. Tax deferred does not mean tax free, interest is taxed when withdrawn. Also, the Treasury charges a 10% penalty on interest, in addition to regular taxes, if withdrawals are made before age 59½.
Indexed annuities do not subject principal and credited interest to market risk. An annuity is as safe as the insurance company issuing the annuity; and insurance companies have an exceptional record of safety.
DID YOU KNOW?
No indexed annuity owner has ever lost money because the insurer failed.
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