Immediate annuities help provide a secure and guaranteed* way to turn retirement savings into retirement income. You invest your money with an insurance company and in return you’re guaranteed a steady stream of income for life, or for a period of time that you specify. An immediate annuity provides a secure, tax-advantaged way to receive income from assets. With this type of annuity, income payments usually begin soon after the immediate annuity is purchased. Retirees often purchase a single premium immediate annuity with funds received from 401(k) plans, IRAs, saving accounts, the cash value or death proceeds from life insurance or the proceeds from the sale of a home.
Learn more about fixed annuities, equity indexed annuities and variable annuities.
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Annuities are long-term, tax deferred investment vehicles designed for retirement purposes. *Guarantees are based on claims paying ability of the issuer. Withdrawals made prior to age 59 ½ are subject to 10% IRS penalty and surrender charges may apply. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal.
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Securities and Insurance products offered through LPL Financial and its affiliates, Member FINRA / SIPC. International Bank of Commerce is not a registered broker dealer and is not affiliated with LPL Financial.
NOT A DEPOSIT | NOT FDIC-INSURED | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY | NOT GUARANTEED BY BANK | MAY LOSE VALUE
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