From annuities to Individual Retirement Accounts (IRAs) and life insurance policies, UF Family Life1 offers several savings plan options to help you (and your employees, if you have them) save money for retirement.
COMPARE
Review your retirement options.
UF Family Life can help.
|
RETIREMENT OPTIONS FROM UF FAMILY LIFE |
WHAT IT IS |
WHO IT’S FOR |
|
Annuities for Individuals: |
||
|
Nonqualified Annuities |
A fixed rate investment tool that is safe from market fluctuations and pays out over a long period of time. |
Individuals looking for a safe investment alternative. |
| Traditional IRA |
A savings plan that qualifies for tax advantages now. You get a tax deduction when your money goes in. Learn more here. |
Individuals with earned income who want to save for retirement or supplement an employer provided retirement plan. |
| Roth IRA |
A savings plan that qualifies for tax advantages later. Money you take out during retirement is tax-free. Learn more here. |
Individuals with earned income who want to save for retirement or supplement an employer provided retirement plan. |
|
Annuities for Businesses: |
||
|
SIMPLE IRA (Savings Incentive Match Plan for Employees)
|
A retirement plan that is set up by an employer. Employees can contribute to the plan on a tax-deferred basis. Learn more here. |
Businesses with fewer than 100 employees; employed and self-employed individuals looking for a way to save for retirement income. |
|
SEP IRA (Simplified Employee Pension)
|
A retirement plan that is set up by an employer. Only the employer can contribute. Learn more here.
|
Small businesses, professionals and self-employed individuals looking for a way to save for retirement income. |
|
Specialized Options for Businesses: |
||
|
A life insurance-based retirement plan for select key employees that is purchased by the business owner. |
Business owners who want to attract and retain key employees. |
|
|
Individual life insurance policy purchased by the business owner on behalf of select key employees. At retirement, employee may use the policy’s cash value as supplemental income. |
Business owners looking to recruit strong candidates, retain expert employees and design a benefit plan with tax-deductible costs. |
|
For more information on retirement planning options from UF Family Life or to schedule an appointment, contact your local UF agent today. Our agents can help you select a plan that will work for your budget and situation.2
1,2This web page is not intended as estate planning or tax advice. Please consult a qualified professional advisor.