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Financial Learning Center

Fixed Annuities

Individual Retirement Annuities

Fixed annuities can also be purchased as part of a retirement plan. In this instance, an individual can contribute to an individual retirement annuity in his or her own name. Spousal individual retirement annuities can also be established.

Note that generally, restrictions and limitations will be the same as those for Individual Retirement Accounts (IRAs). Both Traditional and Roth IRAs can be established, subject to the maximum IRS-allowed contribution and deductibility limitations. Minimum distribution requirements (for Traditional IRAs) must also be met.

If you are purchasing an annuity to fund a tax-qualified retirement plan (IRA), you should be aware that the tax advantages are available with any investment vehicle within the plan, and not unique to an annuity within the plan. Carefully consider the features and benefits of the annuity before making the decision to purchase.

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Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA (Opens in a new Window)/SIPC (Opens in a new Window).  UniVest Financial Services is a trade name of UniBank. Infinex and UniBank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of, nor guaranteed or insured by, any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.