Annuity

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A Traditional IRA lets you contribute pre-tax income, which can reduce your taxable income for the year. Your investments grow tax-deferred, and you pay taxes only when you withdraw funds in retirement. It’s a good option if you want to lower your current tax bill while saving for the future.

A Roth IRA is funded with after-tax dollars, so contributions don’t reduce your current taxes. Investments grow tax-free, and qualified withdrawals in retirement are also tax-free. This makes it ideal if you expect your tax rate to be higher in the future or want tax-free income in retirement.

A Payroll Deduction IRA is an individual retirement account funded automatically through payroll deductions. It is fully employee-funded and considered a voluntary benefit, giving employees a simple way to save for retirement.

A Solo 401(k) is a qualified retirement plan for self-employed business owners with no employees, except a spouse. It allows both employee deferrals and employer contributions, offering higher contribution limits. This plan provides flexibility and robust retirement savings options for business owners.

A SIMPLE IRA (Savings Incentive Match Plan for Employees) is designed for small businesses. Employees contribute pre-tax, while employers provide a mandatory match or a 2% nonelective contribution. It is a qualified, easy-to-administer employer-sponsored plan.

A SEP IRA (Simplified Employee Pension) is primarily employer-funded, ideal for small businesses or self-employed individuals. Contributions are tax-deductible, and employees typically do not contribute. It is a qualified retirement plan that allows businesses to save for employees’ retirement efficiently.

FIA protects your principal while allowing growth linked to a market index, offering upside potential with no market losses. Returns are based on formulas using caps, spreads, or participation rates. It’s suited for people seeking balance between growth and safety.

MYGA guarantees a fixed interest rate for a set number of years, similar to a CD but with tax-deferred growth. It’s ideal for conservative savers who want predictable returns. After the term ends, you can renew, withdraw, or roll the funds into another product.

SPIA converts a lump sum into a guaranteed income stream that starts within 12 months. Payments can last for a set period or for life. It’s commonly used by retirees who want steady, predictable income.