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Strive to gain more confidencein your retirement plan.
A Fixed Annuity is a contract between you and an insurance company that guarantees a fixed return on your principal for a term between 3 and 10 years. At the end of the term, you may close the annuity, review it, or 'annuitize' it by generating an income stream from it.
Below are a few Fixed Annuity* features to help you consider whether a Fixed Annuity is suitable for you:
*Fixed annuities are long-term investment vehicles designed for retirement purposes. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company. Withdrawals made prior to age 59 1/2 are subject to a 10% IRS penalty tax and surrender charges may apply.