As life changes, so too might your financial priorities and investment goals. That’s why SEFCU gives you access to a variety of variable annuities* for your retirement savings through our partnership with UVEST Financial Services**. Call us today at 518-862-1955 or 800-727-3328 (outside the 518 area code) or email sefcu@uvestmail.com to find out about the flexibility that variable annuities offer – and how they can help you toward a comfortable retirement.
Working with our Investment Representatives, you can make the most of these flexible options:
Diversified investment portfolio. Because variable annuities offer the opportunity to invest in a combination of stocks, bonds and money market accounts, you can potentially achieve greater returns over the long term than if you invested only in a fixed-income account. The specific allocation (mix of investments) is totally up to you. Most plans even allow you to adjust your allocations periodically, should your financial circumstances or risk tolerance change.
No limit on deposits. Many variable annuity plans allow you to make contributions as often as you choose, and in the amount you want to contribute.
Selection of payout options. When you’re ready to begin receiving retirement income, you decide how you’ll receive payments. You may choose to annuitize (receive periodic payments for the rest of your life), get payouts for a specified period of time, or receive a lump sum withdrawal.
Choice of income payment amounts. You can determine the way in which your income payments are calculated. They can fluctuate with the performance of your portfolio (variable income) or be distributed in equal, guaranteed amounts (fixed income). You can even work with your financial advisor to design a plan that combines the stability of fixed income with the potential for growth.
Guaranteed death benefit. In the event of your death before you start receiving payments, your beneficiary is guaranteed to receive the full principal in your annuity (the amount originally contributed to the account). If you have already begun to receive payments, your beneficiary will still be entitled, at least, to the remaining value of your initial investment.
Though variable annuities offer significant freedoms to investors, it’s always important to consult your financial and tax advisors when making crucial financial decisions. And when you partner with SEFCU, you get the added benefit of being backed by a professional, well-established institution dedicated to your needs.
*You should consider a variable annuity’s risks, charges and expenses carefully before investing. Contact your Financial Advisor to request a prospectus, which contains this and other information about a specific variable annuity. Read it carefully before you invest. Past performance is no guarantee of future results. Investment return and principal value of a variable annuity will fluctuate, causing shares, when redeemed, to be worth more or less than their original cost. Withdrawals made prior to age 59 1/2 may result in an IRS penalty.
**Securities are offered by, and Investment Consultants are registered with, UVEST Financial Services, member FINRA/SIPC. UVEST is independent of any financial institution.
| Not NCUA Insured |
Not Credit Union Guaranteed |
May Lose Value |
| Not Guaranteed by any Government Agency |
Not a Credit Union Deposit |