Planning your Retirement
PFSA provides members a complimentary retirement needs analysis through their local Membership Representative. Let us help you determine the best retirement strategies
TAX ADVANTAGED RETIREMENT PLANS – ANNUITIES
With a deferred annuity, you save today so you can receive income later. While your account grows, you’ll get tax-deferred growth on any earnings. Deferred annuities are long-term investments that can be used for retirement income.
Plans Available:
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- Prosperity Special Annuity – Open an Annuity with a minimum of $10,000 and earn a higher interest rate
- Immediate Annuity - Open an Annuity and immediately start receiving income
- Flexible Annuity - Low entry level - $100 to start
With deferred annuities, you:
- Pay no income taxes until you start taking your money out
- Manage how and when you take income
- Make withdrawals for education expenses for you, your children and even your grandchildren
- Withdraw up to $10,000 for first time home buying before you are 59 ½ without paying penalties