FIXED ANNUITIES
Tired of seeing your retirement savings ride the stock market’s recent roller coaster, but looking for better returns than a traditional deposit account? A fixed annuity from PFCU may be the answer. Annuities are contracts between you and an insurance company for a specified term.
Designed as a conservative, long-term investment, fixed annuities
- Offer a fixed rate of interest so your funds are not subject to market fluctuations
- Guarantee your principal and rate of return
- Earn tax-deferred interest until you withdraw funds
- Offer a steady stream of income for life by annuitizing your accumulated funds
Fixed annuities are long-term investment vehicles designed for retirement purposes. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company. Withdrawals made prior to age 59 ½ are subject to a 10% IRS penalty tax and surrender charges may apply.
Start Today
Just contact one of our investment consultants to schedule a complimentary consultation by completing our information request form and start planning today!
Please note that amount of money contained in your investment accounts are considered non-deposit products and therefore, are not NCUA insured, not credit union guaranteed, may lose value, are not guaranteed by any government agency. Since they are not a deposit of the Philadelphia Federal Credit Union, investment accounts do not qualify for Excess Share Insurance (ESI). Securities, Financial Planning and Insurance products are offered through LPL Financial, and its affiliates, Member FINRA, SIPC. LPL Financial and Philadelphia Federal Credit Union are independent entities.
Philadelphia Federal Credit Union ("Financial Institution") provides referrals to financial professionals of LPL Financial LLC ("LPL") pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for brokerage or advisory services.
Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for more detailed information.