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Retirement Annuities
Sound investment practices with highly competitive interest rates.
Our annuities specify a minimum rate of growth throughout the lifetime of the contract.
We offer a variety of annuities designed to fill every need:
- Annuity Plus
- Single-Premium Deferred Annuity
- Single-Premium Immediate Annuity
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Traditional or Roth IRA
Every day you delay opening your IRA (Individual Retirement Annuity) could mean a great deal less money for your retirement. For example, compare the results of an IRA contribution established just a few months apart. What a difference a few weeks make when annual premiums are paid on January 1, May 1, or September 1!
The cost of waiting on an IRA with 5.7 percent interest*
| Years to Retirement | January 1 | May 1 | September 1 |
|---|---|---|---|
| 40 | $303,500 | $297,944 | $292,489 |
| 30 | $158,562 | $155,659 | $152,809 |
| 20 | $75,303 | $73,924 | $72,571 |
| 10 | $27,475 | $26,972 | $26,478 |
| 1 | $2,114 | $2,075 | $2,037 |
At a 5.7 percent interest rate, If you plan to retire in just 10 years, your IRA will be worth $997 more ($27,475-$26,478) if you contribute every January first instead of waiting until September. By making your IRA contribution at the beginning of every year for 40 years, you’ll have $11,011 more ($303,500-$292,489) than if you wait eight months until September each year.
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