Annuities
Retirement Savings Plans
When you think about your retirement what do you envision? Do you see yourself traveling, spending time with family or learning a new hobby?
To make the best of your golden years, it’s important to start saving early. With some thought and planning, you can create a retirement plan that's right for you and your family.
Here's how it works:
Types of Retirement Savings Plans
Employer-Sponsored
Plans
403(b) and 457(b) Plans are the most common employer-sponsored retirement options offered by school districts. They allow you to make pre-tax contributions through payroll deductions and offer tax-deferred earnings growth. They also allow for your employer to contribute as well.
Individual Retirement Accounts (IRAs)
Unlike 403(b) and 457(b) Plans, IRAs can be opened and funded without your employer’s involvement. We offer Traditional or Roth IRAs. The key difference between them is deciding when you want the tax benefit: when you contribute or at retirement when you withdraw the money.
Annuities
Annuities are contracts that can be used as investments within a 403(b), 457(b) or IRA plan to help prepare you for retirement. There are two main types of annuities: fixed and variable*. The main difference between them is the amount of risk assumed.
Features
Multiple
Options
Depending on your employer’s selections, there are numerous retirement options available.
Tax-Deferred
Growth
Investment earnings accumulate tax free until withdrawn from your 403(b) or 457(b) Plan.
Contribution
Control
403(b) and 457(b) Plans may allow additional catch-up contributions for those age 50 and older.
Catch-Up
Contribution
If your needs change, you can alter your contribution amounts going forward, generally at any time.
Annuity Support
If you have an American Fidelity annuity, log in to your online account to access important forms, documents and more.
Talk to your American Fidelity account manager to learn more about your retirement savings options.