A happy and fulfilling retirement has a variety of meanings to different people, for you it may mean leaving a full-time job down to a part-time position. Another individual may envision themselves spending more time with family or even starting a vegetable garden. Once you decide what your retirement life will consist of, it is important to know how you will financially make your vision happen.
Annuities: What are they?
- An annuity is a lump sum of cash invested to produce a monthly stream of income for a fixed period or for life.
What is a Fixed Annuity with Index-linked Interest? Fixed Annuities with Index-linked Interest are long-term, tax-deferred investments designed for retirement. Earnings are taxable as ordinary income when distributed and may be subject to a 10% additional tax if withdrawn before age 59½. * Available only on Jackson AscenderPlus Select.