Avoid the Cost of Waiting
Talk to your financial advisor today.
Annuities can help your savings increase faster than you think. With compounded growth and tax-deferral, you can grow your retirement savings faster than you may think even in a low interest-rate environment.
If you’re waiting for interest rates to go up before buying an annuity, you may be missing out.
Rate You'll Need to Make Up for Lost Time | |
---|---|
If you wait 1 year | 2.51% |
If you wait 2 years | 3.36% |
If you wait 3 years | 5.08% |
If you wait 4 years | 10.41% |
You Act: Today you put your $50,000 into a five-year guaranteed annuity paying 2 percent. This means you’ll earn $55,204 at the end of five years, minus any withdrawals.
You Wait: You put off buying the annuity for one year. Your $50,000 has to earn 2.51 percent every year for four years to catch up with the annuity’s earnings of $55,204.
Talk to your financial advisor today.
Looking for steady growth potential and predictable, tax-advantaged savings? An annuity may be a smart choice for you.
Ask your advisor about annuities from The Standard. If you don't have one, we’ll connect you with an expert who can answer your questions and provide the latest rates.
Note that a 10% IRS penalty may apply to any withdrawals taken prior to age 59½; this penalty would be in addition to any normal taxation of the withdrawal. The following applies if the annuity is purchased through a bank or a credit union: (a) the annuity is not a deposit; (b) the annuity is not guaranteed by any bank or credit union; (c) the annuity is not insured by the FDIC or any other governmental agency; (d) the purchase of an annuity is not a provision or condition of any bank or credit union activity; and (e) some annuities are subject to investment risk and may go down in value.