- Introduction
- Individual Retirement Annuities
- Do Your Homework First
- Getting Started
- Additional Features and Options
- Equity-Indexed Annuities
- A Note about Taxes
- Are Variable Annuities for You?
- Summary
Variable annuities can also be purchased as part of a retirement plan. In this instance, an individual can contribute to an individual retirement annuity in his or her own name. Spousal individual retirement annuities can also be established. Note that generally, restrictions and limitations will be the same as those for Individual Retirement Accounts (IRAs). Both types of IRAs can be established, subject to the maximum IRS-allowed contribution and deductibility limitations. Minimum distribution requirements must also be met.
If you are considering a variable annuity for a qualified investment plan, please note that the tax deferral is unnecessary. However, annuities provide other features that may be available to you. Qualified annuities may be subject to plan restrictions. The investor should contact the plan administrator for details.
- ARE NOT A DEPOSIT
- ARE NOT FDIC-INSURED
- ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
- ARE NOT GUARANTEED BY THE BANK
- MAY GO DOWN IN VALUE
Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.
