Individual Retirement Accounts (IRAs)
Traditional IRA – Contributions are often tax-deductible, that is, made with pre-tax assets. All earnings are tax-deferred until withdrawals are made, and withdrawals at retirement are taxed as ordinary income.
Roth IRA – Contributions are made with after-tax assets, all earnings have no tax impact, and withdrawals are usually tax-free.
Annuities
Fixed – Fixed annuities offer preservation of premium with a minimum interest rate guarantee for a specified period, and the opportunity to generate a guaranteed lifetime income.
Fixed Index – Fixed index annuities offer preservation of premium with a minimum interest rate guarantee on fixed account money, the opportunity to generate a guaranteed lifetime income, and enhanced growth potential with stock market-linked indices.
Indexed Life Insurance
Indexed universal life is a version of universal life that combines death benefit protection with the opportunity to grow cash value through an account that credits interest based upon the upward movement of stock market indexes – without the risk of investing directly in the market. The index account features a zero percent floor, which guarantees your account won’t earn less than zero percent due to poor market performance.
Your premium payments into an indexed universal life insurance policy may accumulate cash value on a tax-deferred basis. Through policy loans and withdrawals, the cash value may then by used during retirement as a source of supplemental income.