Consider your options. It is never too late, or too early, to begin saving for retirement. This summary provides only a brief and limited comparison of plan features. Please consult with the plan administrators, insurance companies and mutual funds for specific details regarding withdrawal provisions for hardships, loans, early withdrawal penalties and surrender charges, and distributions due to severance, disability or retirement. Specific product information is available from the carriers directly.
Some carriers offer only fixed annuities, some variable annuities, some offer only mutual funds.
To select a carrier, you must define your personal financial goals and investment objectives. Choosing a carrier is very personal. Certain individuals choose a carrier based on the advice of a friend or family member. This makes it easy to compare investment fees. Also ask about other fees like surrender charges you must pay in the event you wish to move your money from one carrier to another.