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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

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, call us at 1-877-225-3863 or email us.

Member FINRA/SIPC








 
 

Harris® is a trade name used by Harris N.A. and its affiliates. Member FDIC.

Third party web sites may have privacy and security policies different from Harris. Links to other web sites do not imply the endorsement or approval of such web sites. Please review the privacy and security policies of web sites reached through links from Harris web sites.

Brokerage products offered through Harris Investor Services, Inc. registered broker/dealer, member FINRA/SIPC , SEC-registered investment adviser. Insurance and annuities offered through Harris Bancorp Insurance Services, Inc. Harris Investor Services, Inc. and Harris Bancorp Insurance Services, Inc. are affiliates of Harris N.A. and its banking subsidiaries. Products offered are: NOT A DEPOSIT - NOT INSURED BY THE FDIC OR ANY FEDERAL GOVERNMENT AGENCY - NOT GUARANTEED BY ANY BANK - MAY LOSE VALUE.

United States Department of Treasury Regulation Circular 230 requires that we notify you that, with respect to any statements regarding tax matters made herein, including any attachments, (1) nothing herein was intended or written to be used, and cannot be used by you, to avoid tax penalties; and (2) nothing contained herein was intended or written to be used, and cannot be used, or referred to in any marketing or promotional materials. Further, to the extent any tax statement or tax advice is made herein, Harris N.A. does not and will not impose any limitation on disclosure of the tax treatment or tax structure of any transactions to which such tax statement or tax advice relates. Harris N.A.does not provide legal advice to clients. You should review your particular circumstances with your independent legal and tax advisors.