A fixed annuity is one way to secure an income for retirement, with the main advantage being that the annuity guarantees you a certain amount of income. While some fixed annuities may pay income for the remainder of your life, others may pay out only over a certain period.
Who should consider a fixed annuity?
Tax-deferred annuities are popular for a good reason—they offer massive benefits to retirees. Annuities can help you grow your retirement savings. They're tax-deferred, so you only pay taxes when you withdraw funds. Plus, an annuity can provide you with guaranteed lifetime income.
While annuities offer some great benefits, they may not be for everyone. Our team can help you carefully consider the pros and cons of a fixed annuity and answer any questions you may have. Contact us to learn about rates, and to find out if a fixed annuity is right for you!
Karen Cavanagh
Premier Bank
Business Relationship & Development Officer
NMLS #1218066
563-585-3031
Non-deposit Products
Are not FDIC Insured;
Are not deposits;
May lose value.