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Annuities & IRAs

SNPJ offers annuities, a type of investment vehicle that provides principal protection, guaranteed interest, and future income. Our annuities include options for non-qualified money, or can be used to fund a Traditional IRA and Roth IRA.

Let SNPJ help you plan for your future. Speak to an agent to learn more about our annuities, and if an annuity is right for you.

Annuities

Annuities are insurance contracts designed to help individuals save for retirement, protect existing retirement money from market risk, or generate future income. The benefits of an SNPJ annuity include:

  • Low risk: Because our annuities are not subject to stock market fluctuations, they are often compared to CDs because they allow your money to grow safely with low risk.
  • Competitive rate of interest: SNPJ can offer extremely competitive interest rates due to our non-profit status. Our 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 retirees looking to structure a supplemental income to their social security or pension. They offer a variety of income options, including a lifetime payment that you can NEVER outlive.
     

IRAs

An Individual Retirement Account (IRA) is a tax-advantaged retirement account designed to help individuals save for the future by minimizing tax liability. SNPJ offers both Traditional and Roth IRA options funded through our annuity products, allowing you to make contributions as your budget permits, subject to IRS annual contribution limits. SNPJ IRAs provide a flexible way to build retirement savings over time.

  • Traditional IRA: Contributions may be fully tax deductible, depending on your income, tax filing status, and participation in an employer-sponsored retirement plan. Earnings grow tax deferred until funds are withdrawn. Learn More
  • Roth IRA: Contributions are made with after-tax dollars, and qualified withdrawals, including interest earnings, may be received 100% tax-free if IRS requirements are met. Learn More
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