A historic market volatility combined with a limited availability of traditional retirement income sources has placed a greater responsibility on Americans saving for their retirement. And with this responsibility comes the need to provide higher levels of protection for retirement savings.

A fixed index annuity is one way you can rethink retirement.

A fixed index annuity is a contract between you and your insurance company that will help you reach your long-term financial goals. Fixed index annuities provide you an opportunity for potential interest growth based on changes in indexes. And since the interest your contract earns is tax-deferred, it may very well accumulate assets faster.

With a fixed index annuity, your deposits into the account are not tax-deductible, but you don’t owe tax on interest earnings until you or your beneficiaries receive money from the account. This is a powerful benefit because the money you have in your account grows faster and your total savings increases.

Need more reasons to consider a fixed index annuity?

Fixed index annuities may credit higher interest rates than bank CDs or fixed interest rate deferred annuities.

A fixed index annuity offers ways in which you can retire early without penalty.

A healthy 65-year-old male has a good chance of living to the age of 90 or beyond. A fixed index annuity may enable you to retire with a lifetime income. Think about it; a monthly check guaranteed to remain constant during the duration of your lifetime.

Contact your Northbrook financial advisor for further details concerning fixed index annuities.