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Annuities & IRAs

SNPJ offers both annuities and IRAs, flexible investment vehicles ideal for retirement. It’s always a good idea to begin saving for retirement early.

Let SNPJ help you plan for your future. Speak to an agent to open an annuity or IRA today!


Annuities, or investments with insurance companies, are more competitive than CDs and allow you to safely invest money for retirement now. SNPJ annuity benefits include:

  • Low risk: Annuities, which aren’t subject to stock market fluctuations, are often compared to CDs because they allow your money to grow safely with low risk.
  • Competitive rate of interest: SNPJ annuities offer competitive interest. In addition, annuities have often exceeded the average rate available on bank CDs.
  • Tax deferral: Annuities earn interest on a tax-deferred basis. Unlike CDs, money markets and savings accounts, you don’t pay tax on the interest you earn until you withdraw the money.
  • Lifetime income: Annuities are ideal for retirement and offer the option of monthly income.


SNPJ IRAs, or individual retirement accounts, allow you to set aside money as you are able for retirement. These are very flexible accounts, allowing contributions ranging from a minimum of $25 to the maximum as limited by the IRS (which varies from year to year). The contribution amount is up to you. SNPJ can help with both Traditional IRAs and Roth IRAs:

  • Traditional IRA: contributions are fully tax deductible. Learn More
  • Roth IRA: contributions are tax-free when received upon retirement. Learn More