Saving for retirement? Consider an annuity.  Your money is guaranteed to grow. Since there isn't any tax on annuity earnings until they are withdrawn from the account, an annuity can be an excellent way to save for your retirement. There are no age, income, or contribution limits.

The current interest rate is 3.5%.

Individual Retirement Accounts (IRA's):
Is your IRA guaranteed to grow? IRAs from our carriers Family Life are. Whether you choose a Traditional, Roth, SEP or SIMPLE IRA, your money will increase with our Family Lives.

Traditional IRA:
If you qualify, your contributions to a Traditional IRA are tax-deductible. For 2005, up to $4,000 can be deducted. For 2005 taxpayers over age 50 may contribute an extra $500.

Roth IRA:
Contributions to a Roth IRA are NOT tax-deductible, but qualified withdrawals are tax-free.  Your money can grow tax free, additionally there are no mandatory withdrawals at age 70 1/2.

SEP-IRA or SIMPLE IRA:
Are you self-employed? A SEP IRA or a SIMPLE IRA could make sense. These "employer-sponsored" IRAs have additional benefits like higher contribution limits.

If you are changing jobs then it is probably a good idea to transfer money from your company plan (either 401 k or other qualified plan) to an IRA under your control.  You can transfer money from a 401k or other qualified plan to our Family Lives IRA without paying tax.

If you are interested in converting your Traditional IRA to a Roth IRA then please contact us.