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Everyone wants a prosperous retirement, but saving for retirement takes careful preparation and commitment. Farm Bureau Financial Services offers a variety of products that can assist you in achieving your retirement goals, such as IRAs, mutual funds and annuities.
Tax law changes have created enthusiasm and interest in IRAs. With a Traditional IRA, Roth IRA and the option to convert your Traditional to a Roth, how do you choose the right IRA for your needs? Consider the following:
- Expanded income limits allow more people who participate in an employer-sponsored retirement plan to deduct all or part of your IRA contributions on your federal income taxes.
- If one spouse participates in a qualified retirement plan and the joint income limit is not exceeded, the nonparticipating spouse can still have a deductible IRA.
- You may take penalty-free withdrawals for first-time home purchases and qualifying higher education expenses before age 59½.
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- Contributions are not tax-deductible, but earnings grow tax-deferred and may be withdrawn tax-free if the plan has been established for at least five years and you are age 59½ or older.
- Distributions are not required to be taken at age 70½.
- Contributions can continue after age 70½ if you receive compensation.
With more than 30 years experience, we have been providing choices from several industry-respected mutual fund families. These funds provide diversification
2 and can help you work toward nearly any investment need regardless of your investment strategy, risk tolerance or time horizon.
An annuity is a contract between you and your insurance company. You pay a premium(s) and you elect to receive, at some point in the future, a series of periodic payments. In the meantime, the premium(s) you have paid can earn interest on an income tax-deferred basis.
Most individuals buy an annuity to obtain an income in future years, usually for retirement purposes. The tax advantages also provide a great benefit. An annuity is not intended to be a savings account, nor should an annuity be bought for short-term use.
There are three types of annuities available through Farm Bureau Financial Services:
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Variable Annuity
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This annuity is designed to help strengthen your financial portfolio by offering you 39 investment options
3 with eight well-respected fund families. You can receive tax advantages and numerous income payment options for the future.
Single Premium Immediate Annuity (SPIA)
With the SPIA, you will receive a stream of periodic payments consisting of principal and interest, which is guaranteed
4 for the rest of your life, if you desire. The income guarantee provides financial stability and peace of mind for your future.
Whether your objective is to accumulate and maximize funds for retirement or to begin using your preserved assets as a source of income, Select IV can help strengthen your financial portfolio with two premium options.
- Flexible premium options allow premiums to be paid on an ongoing basis.
- Single premium options allow for a one-time, lump-sum premium.
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| Agent must be a registered representative of EquiTrust Marketing Services, LLC to discuss mutual funds or variable products. |
| Diversification does not protect an investment from market risks and does not ensure a profit. |
| See the current product prospectus for a description of the investment objectives and principal risk factors associated with an investment in a subaccount. The contract's underlying subaccounts are subject to fluctuations in market value and possible loss of principal. |
| Guarantees are based on the claims paying ability of Farm Bureau Life Insurance Co. |
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For additional information regarding Farm Bureau's products and services, please contact your local registered representative using the
Agent Locator . |
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IMPORTANT: The information and material contained on this Web site is not an offer to sell or a solicitation to buy any security or any insurance product in any jurisdiction. No security or other insurance product is offered or will be sold in any jurisdiction in which such offer or solicitation purchase or sale would be unlawful under the securities, insurance or other laws of such jurisdiction. Not all products are available in all states. Exclusions, limitations and reductions may apply. This Web site briefly highlights Farm Bureau's insurance policies and their benefits. The contract is contained only in the policy. Farm Bureau products are offered by Farm Bureau agents -- for more information about any Farm Bureau product, please contact your local agent or nearest office using the Agent Locator.
International stock portfolios contain additional risk that is not associated with U.S. domestic issuers, such as changes in currency exchange rates, different governmental regulations, economic conditions and accounting standards.
Agent must be a registered representative of EquiTrust Marketing Services, LLC to discuss mutual funds or variable products.
There are various income limits and other requirements necessary to qualify for some of the tax-savings benefits of all IRAs. See your Farm Bureau representative and tax adviser for information regarding your particular situation.
Variable products, subaccounts, mutual funds and municipal fund securities are subject to market risk and possible loss of principal. This and other important information is contained in the prospectus and in the issuer's official statement, which can be obtained from a registered representative and should be read carefully before you invest or pay money. Investors should consider the investment objectives, risks, charges and expenses carefully before investing.
Variable products are comprised of insurance-related features including, but not limited to, a death benefit; optional riders; payment options at death, maturity or upon complete surrender or partial withdrawal; and fees and charges. A 10% tax applies to most withdrawals made from a variable annuity prior to age 59½.
Policyowners of Farm Bureau's Variable Annuity, Variable Universal Life insurance
and Last Survivor Variable Universal Life insurance products may not have money in
more than 16 investment options, including the Declared Interest Option, at any one
time. Therefore, if a client chooses to reallocate money to different investment
options, the new allocation will not take effect until the appropriate transfer of
money has been completed.
There are various income limits and other requirements necessary to qualify for some of the tax-savings benefits of all IRAs. See your Farm Bureau representative and tax adviser for information regarding your particular situation.
Life insurance and annuity products offered through Farm Bureau Life Insurance Company+/West Des Moines, IA
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