Tax Efficiency

Annuities grow on a tax-deferred basis, which means you’re only taxed when you make withdrawals or receive income. This can help your savings accumulate faster and put more of your money to work over time, giving you greater potential to fund your retirement goals.

If you’ve already maxed out contributions to retirement accounts like IRAs or 401(k)s, annuities offer an additional way to save in a tax-deferred manner, helping you continue building your retirement income.

Because retirement accounts already provide tax advantages, consider using an annuity in these accounts only if you want extra benefits, such as lifetime income guarantees, death benefits, or protection against market downturns.

Annuities also allow you to strategically align your retirement savings with your long-term income goals. By combining tax-deferred growth with predictable income features, annuities can help you better plan for both essential expenses and aspirational goals during retirement.

All guarantees under an annuity contract are backed by the issuing insurance company, providing an added layer of security for your savings.