Plus you will receive the benefit of professional money management. You can select from various stock and bond portfolios which provide a broad range of investment options to meet a variety of financial objectives. You can also choose to allocate a percentage of your investment into a fixed-interest account. Two of the major obstacles to overcome when you plan your retirement program are taxes and inflation. This means your current tax bill is reduced, so more of your money keeps working for you.
Investors seeking an investment alternative find variable annuities a popular choice.
Annuities are one of the few tax-advantaged vehicles to survive the sweeping tax reform of the 1980's. Annuities are best suited for funding your retirement needs. You should plan early to benefit from compounded tax-deferred earnings to achieve a rewarding secure retirement. The higher your tax bracket, the more benefit you derive from tax deferral. They are not deposits or obligations of Broadway National Bank or any other affiliated entity and are not guaranteed by the bank.