Fixed annuities are tax-deferred investment vehicles and can pick up where other retirement funds leave off. If your employer offers a 401(k) retirement plan, it's a good idea to take full advantage of it first, and then use a fixed annuity from Key to supplement your savings.
There's no limit on your annuity contributions, so you can "make up for lost time" to help ensure a comfortable retirement. Plus, once you reach age 59 1/2, you have a choice of payout options:
To learn more about a tax-deferred fixed annuity from Key, visit a KeyBank branch to speak with a Key licensed insurance representative - appointments are strongly recommended. Or, call 888-KIS2YOU (888-547-2968).
This chart can help you determine how much you'll need to save to achieve your desired retirement income. Find your Desired Annual Retirement Income at the top of the chart, then locate your estimated Years in Retirement.
|$50,000 Desired Annual Income
||$75,000 Desired Annual Income||$100,000 Desired Annual Income|
|45 years in retirement||$772.792
|40 years in retirement||$752,315
|35 years in retirement||$724,912
|30 years in retirement||$688,242
|25 years in retirement||$639,168
|20 years in retirement||$573,496
|15 years in retirement||$485,612
|10 years in retirement
Assumes 6% return on retirement savings, pre-tax dollars
Investment and Insurance products made available through KIS and KIA are:
Insurance offered by KIA is underwritten by and the obligation of insurance companies that are not affiliated with KeyBank. When you buy insurance, you are dealing with a licensed agency, not KeyBank. KeyBank cannot require you to obtain insurance from a particular agency or with a particular insurer. Before purchasing a policy of insurance, you should compare information obtained from more than two agents. You have the right to obtain insurance from the agent of your choice, and your decision will not in any way affect KeyBank's credit decision.
KIA and KeyBank are separate entities, and when you buy insurance products you are doing business with KIA, and not KeyBank.