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.
Example: An Annuity Earning 2% For 5 Years
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.
Avoid the Cost of Waiting
Talk to your financial advisor today.
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Looking for steady growth potential and predictable, tax-advantaged savings? An annuity may be a smart choice for you.
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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.