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Fixed Rate Annuities
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| 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 annuities are issued and guaranteed by insurance companies. They offer competitive interest rates, with all the interest accumulating tax-deferred 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
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. |
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| * Annuities are long-term vehicles designed for retirement purposes. The benefits of tax deferral in an annuity do not apply to contracts purchased as an Individual Retirement Annuity (IRA) or inside some other tax-qualified retirement plan because these plans already have tax deferred status. Withdrawals of taxable amounts are subject to income tax and if taken prior to age 59 ½ may also be subject to an additional 10% IRS penalty and any applicable surrender charges. |
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The financial consultants at Investment Services at Affinity Bank are registered representatives with LPL Financial and may only discuss and/or transact securities business with residents of California.
Securities and Insurance products offered through LPL Financial and its affiliates member FINRA/SIPC.
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| Not FDIC Insured |
No Bank Guarantee |
May Lose Value |
| Not A Deposit |
Not Insured by any Federal Government Agency |
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| Affinity Bank and Investment Services at Affinity Bank are not affiliated with LPL Financial. |
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