Are you looking for a product that can help reduce your current taxes and offer a guaranteed rate of return?

If you are, then a tax deferred Fixed Rate Annuity* may be the right choice for you.

Tax deferred annuities are retirement savings vehicles designed specifically to address the uncertainties of retirement income planning:

• How much money will I need to live a comfortable retirement?
• Will I outlive my income?
• How can I protect my family after I’m gone?

Fixed rate annuities are issued and guaranteed by insurance companies. They offer competitive interest rates, with all the interest accumulating on a tax-deferred basis for the life of the annuity. In this way, your earnings remain in your annuity and compound without being taxed, so your money is able to earn more over time (provided no withdrawals are taken).

In addition, annuities generally offer you:

• Guaranteed minimum death benefit, in the event of premature death
• Access to a pre-determined percentage of your money (according to individual products, typically 10% penalty free per year)
• Ability to convert your annuity into an income stream - payments for life, or payments for a certain period

Annuity contracts contain withdrawal charges, termination provisions, exclusions, limitations, holding periods for which access to the principal is limited and terms for keeping them in force.

To learn more about fixed rate annuities and how they may help you reach your retirement goals, visit any Affinity Bank branch to speak with a Financial Consultant with Investment Services at Affinity Bank.