A Good Plan Gets You Where You
Want to Go

When you look ahead to retirement, think about what “someday” could bring—and dream big. Whether this means a cabin in the woods or a cottage on the coast, lay the foundation toward achieving it by funding your retirement plan today. Because time itself is among the biggest factors affecting financial growth, making good choices early on puts you firmly in the driver’s seat, although it’s never too late to start. At 1891 Financial Life, we’re all about helping you make those decisions—showing you options and scenarios, answering every single question, so that you’re absolutely comfortable with the choices you make.

Check out a brief overview of our types of retirement accounts.

At a Glance:

Non-Qualified Annuities

Starting out, playing catch-up, or almost at the finish line? Either way, these annuities let you make progress toward your retirement goal by reducing your future taxable income.

Non-Qualified Annuities are funded with after-tax funds, so they’re often selected by those who’ve maxed out on allowable contributions to their employer’s qualified plan or their IRA.

Features:

  • • After-tax contributions
  • • Tax-deferred growth
  • • No RMDs: Unlike qualified annuities, non-qualified annuities are not subject to RMDs during the owner’s lifetime.
  • • Taxable withdrawals: When you withdraw money from a non-qualified annuity, only the earnings portion is subject to ordinary income tax.

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Traditional IRA Annuities

The flexibility of these annuities offers a way to feather your retirement nest with the peace of mind that comes from knowing you’ll never receive less than the guaranteed minimum interest rate.

Features:

  • • Tax-deferred growth
  • • Pre-Tax Contributions
  • • Taxable withdrawals: When you withdraw money from a qualified annuity, the entire cash value is subject to ordinary income tax.

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Roth IRA Annuities

The dual opportunities for unfettered growth and lifetime income have great appeal for those who want the best of both worlds.

Unlike traditional IRA annuities that are funded with pre-tax dollars, Roth IRA annuities are funded with money on which you’ve already paid taxes, allowing you to put the pedal to the metal and maximize your wealth accumulation.

These annuities are often selected by super-savers who expect to be in a higher tax bracket later on.

Features:

  • • After-tax contributions (limits apply)
  • • Tax-Free Growth
  • • Tax-Free Withdrawals
  • • No Required Minimum Distributions (RMDs): Unlike traditional IRAs, you don’t have to start taking distributions at a certain age.

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DISCLOSURE

Subject to change. Products/features may not be available in all states. Product descriptions above are not a statement of contract; please refer to the policy forms for full disclosure of all benefits and limitations.