Challenge – LOW INTEREST RATES!
Despite recent increases, today's interest rates are still near historic lows with yields of just 0.2% (average 1-year CD rate) and 0.9% (10-year Treasury Yield). Sources: FDIC and Yahoo! Finance for CD amounts $100,000 or more as of 12/31/2020. Even with $1 million into these fixed income instruments, interest income would be just $2,000–$9,000 per year.
Overcome this Challenge with the Power of Index Performance
To help grow your savings, a Power Select Index Annuity offers growth potential through diverse index interest accounts that earn interest based partly on the performance of:
You may not earn interest each year, but you may earn higher interest than traditional fixed income instruments over time. The annuities also offer the comfort and security of a 1-year fixed rate account that provides interest each year.*
Plus You Gain the Power of Tax Deferral
You pay no taxes on the interest that remains in the annuity. As a result, your money can grow faster than a taxable account, potentially earning interest in three different ways:
- You may earn interest on your principal.
- You may earn interest on the interest credited to your contract.
- You may earn interest on money that would otherwise go to pay taxes.
Plus, once you begin withdrawals, you may be in a lower tax bracket, which could give you even more tax savings over time.