Fixed Annuities - Planning Ahead
While some individuals are able to take advantage of employer-offered retirement plans such as the 401(k) and others may invest in individual retirement accounts (IRAs), there are limits to the amount of money that can be contributed to those investment. As one of the biggest retirement risks is outliving your savings, fixed income annuities may help to avoid that pitfall, allowing you to plan for a lifestyle you’ve worked hard to achieve.
Advantages to fixed income annuities include:
- No contribution limits
- Steady income now or in the future
- Tax-deferred earnings for retirement
Fixed annuities provide several payout options – payments for a specified period, payments for life, post retirement payments. Provided you’ve been able to consistently contribute to your fixed annuity, it’s a great way to provide regular income during your retirement years.
This is where professional expertise can be incredibly valuable. A good financial advisor understands each individual’s unique situation and will really listen and help guide you through investing in fixed annuities and provide sound advice based upon your concerns.
XCEL FCU is a credit union serving members in New Jersey, New York and across the country.
We are licensed in the following states. If you are a legal resident of one of these states, please proceed. We are sorry if we are unable to offer you our services at this time.
- Securities: Arizona, Florida, New Jersey, New York, Texas
Lincoln Financial Advisors and its registered representatives do not give legal or tax advice. Roy Schoenfeld is a registered representative of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker-dealer (Member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Lincoln Financial Advisors has formed a strategic alliance with XCEL Federal Credit Union. XCEL Federal Credit Union is not affiliate of Lincoln Financial Advisors Corp. While the two firms will work together to provide you with the best service possible, each firm is independently responsible for the services offered.
Non-deposit investment products and services are offered through Lincoln Financial Advisors, a registered broker-dealer (Member FINRA / SIPC) and SEC Registered Investment Advisor. Products offered through Lincoln Financial Advisors are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the XCEL Federal Credit Union, and may involve investment risk including possible loss of principal.
- Insurance: Arizona, Connecticut, Florida, New Jersey, New York, Pennsylvania, Texas
Unless otherwise identified, Associates on this website are registered representatives of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer and a registered investment advisor. Member SIPC. Insurance offered through Lincoln affiliates and other fine companies and state variations thereof. Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. Firm disclosure information available at www.LFG.com.
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- Note: Associated persons of Lincoln Financial Advisors Corp. who hold a JD and/or CPA license do not offer tax or legal advice on behalf of the firm.