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
While often ideal for retirement savings, fixed annuities are subject to a 10% IRS penalty if withdrawn before age 59 1/2, and may be subject to surrender charges if withdrawn before the term of the annuity. Annuities can help you accumulate retirement dollars or help protect returns – an important part of supporting your diverse and ever-changing needs. Guarantees are based upon the claims paying ability of the issuer.
Just contact one of our investment consultants listed below to schedule a complimentary consultation, or complete 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.