Harris - Annuities

Investments and Retirement Planning

Market Linked Certificate of Deposits (CDs)

Annuities

With today’s longer life spans, you many spend almost as much time in retirement as you’ll spend working. To maintain your standard of living, it’s important to consider a broad array of investment solutions. Regardless of whether you are getting a head start on retirement planning, or are already retired, annuities can help you accumulate money for the future and provide a guaranteed stream of lifetime income*.

Features and Benefits

	•	Unlimited contributions – typically there are no IRS limits on the amount you can deposit each year**.
	•	Tax-deferred earnings – generally you pay no income tax on your earnings until you withdraw money or receive money in the form of annuity payouts***.
	•	Option of guaranteed lifetime income* – you select from a wide range of options as to how long you want to receive payments.
	•	Guaranteed Death Benefit* – most annuities guarantee payment to your beneficiaries, which may avoid probate.
	•	No required distributions at age 70 ½****.

Through our relationships with various annuity providers, Harris offers two types of annuities:

	•	Fixed annuities
	•	Variable annuities

For additional investor information about annuities from the FINRA, SEC and other independent sources visit the FINRA and SEC Web sites www.finra.org and www.sec.gov .

Other investment considerations

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Investors should consider the contract and underlying portfolios’ investment objectives, risks, charges and expenses carefully before investing. This and other important information are contained in the prospectuses and Statements of Additional Information, which can be obtained from your financial advisor. You should read the prospectuses carefully before investing.

* Guarantees are subject to the claims paying ability of the issuing insurance company.
** Some contributions may be limited depending on the product purchased. For example, a single premium annuity does not allow for additional contributions.
*** IRS Penalties may apply to withdrawals prior to age 59 ½. Early withdrawals may be subject to surrender charges and/or Market Value Adjustments. State premium taxes may also apply.
**** If the annuity is held in an IRA, minimum distributions may be required.

To learn more about investment advice and guidance, please contact your local Harris office today or call 1-888-360-6394.

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Brokerage (including mutual funds and annuities) and investment advisory services are offered through Harris Investor Services, Inc. Member FINRA/SIPC . SEC-registered investment adviser. Insurance offered through Harris Bancorp Insurance Services, Inc. Harris Investor Services, Inc. and Harris Bancorp Insurance Services, Inc. are affiliated companies. Products offered are: NOT A DEPOSIT - NOT INSURED BY THE FDIC OR ANY FEDERAL GOVERNMENT AGENCY - NOT GUARANTEED BY ANY BANK - MAY LOSE VALUE.

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