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Retirement

Retirement Planning in Knoxville

Are you looking for safety and predictability? A fixed annuity product may be a great option…

Annuities are a life insurance product which guards against the risk of outliving your income.

An annuity allows you to accumulate tax-deferred savings. This means that no federal income tax has to be paid on the growth of your investment until money is actually withdrawn from the policy. Annuities are saving options that are set up to provide retirement income. Not only do they typically offer a higher rate of return than savings accounts or certificates of deposit, they also provide guaranteed rates and protection from loss.  Many of our carriers offer an immediate bonus on your principal and additional premium bonuses within the first couple of years.

Types of Annuities:

Flexible Premium Deferred Annuity. This allows the flexibility of contributing funds regularly to your annuity over a period of time. We offer very competitive guaranteed rates.

Traditional IRA. Within guidelines set by the IRS, funds can be set aside for retirement savings on a tax- deductible and tax- deferred basis. We can also help you with the opportunity to transfer your current qualified retirement savings- IRAs, 401(k)’s, etc.- and other accumulated savings accounts or certificates of deposit.

Roth IRA.  Unlike a traditional IRA, a Roth IRA allows you to contribute taxable money now without having to pay taxes on the growth income later. There are maximum contributions based on your age.

Single Premium Immediate Annuity.  In this type of annuity, you pay a single premium and receive a regular (monthly, quarterly, etc.) income payment for the rest of your life- guaranteed.

Be sure to ask our benefit specialists about immediate premium bonus options of up to 10%.