403(b) Annuity Account Plans

What investment options are available Through Annuities? I would suggest to seek a professional before making the decision on which Annuity option will work best for your retirement Goals. Each option below has it's specific components which can be beneficial in your diversification on retirement.
 
 1. Index Annuity.
 
 2. Equity Indexed Annuity.
 
 3. Variable Annuity
 
 
What is a fixed annuity?
Fixed annuities are contracts with insurance companies that guarantee that you will earn a minimum rate of interest during the time that your account is growing. The insurance company also guarantees that the periodic payments will be a guaranteed amount per dollar in your account. These periodic payments may last for a definite period, such as 20 years, or an indefinite period, such as your lifetime or the lifetime of you and your spouse .
 
What is an equity indexed annuity?
Equity indexed annuities are a special type of contract between you and an insurance company. During the accumulation period — when you make either a lump sum payment or a series of payments — the insurance company credits you with a return that is based on changes in an equity index, such as the S&P 500 Composite Stock Price Index. The insurance company typically guarantees a minimum return.

Guaranteed minimum return rates vary. After the accumulation period, the insurance company will make periodic payments to you under the terms of your contract, unless you choose to receive your contract value in a lump sum. Additional equity indexed annuity information or basic annuity information can reviewed on my Annuity section.
 
What is a variable annuity?
Variable annuities are contracts with insurance companies under which you make a lump-sum payment or series of payments into a tax deferred account. In return, the insurer agrees to make periodic payments to you beginning immediately or at some future date. You can choose to invest your purchase payments in a range of investment options, which are typically mutual funds.

The value of your account in a variable annuity will vary, depending on the performance of the investment options you have chosen.  Variable annuity tip: Make sure that the features you are buying when you invest in a variable annuity are worth the money you are paying. If you invest in a variable annuity through a tax-advantaged retirement plan (such as a 403(b) plan), be aware that you receive no additional tax advantage from the variable annuity.

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