Fixed annuities
Fixed annuities can offer fixed interest rate accumulation and guaranteed income and help maximize the wealth you pass on to your heirs. With an annuity's fixed rate of return, you can protect your principal and predict your earnings, which are not taxed until you withdraw your money. A financial advisor can explain how annuities may fit into your overall financial picture.
RiverSource® Fixed Annuities
A RiverSource® fixed annuity combines features that can help you now, as you accumulate earnings, and during your retirement years.
Guaranteed principal
The amount you pay into the annuity is guaranteed against loss, adding protection for your earnings.
Guaranteed returns
With a guaranteed minimum interest rate, no matter what's happening in the market, your annuity is guaranteed to grow. RiverSource also offers attractive base rates guaranteed for five years. See current rates.
Guarantees backed by an insurance company
Your money is invested in a diversified portfolio comprised of high quality fixed income investments. What's more, all guarantees are based on the continued claims paying ability of the issuing company. Ask your financial professional for a current copy of the applicable company's ratings. All guarantees are based on the continued claims paying ability of the issuing company.
Tax advantages
The money in your annuity grows tax deferred, so your earnings have the potential to grow faster. You earn interest on your principal and interest on your interest, including the portion that would otherwise have been taxed. You do not pay any taxes until you are ready to take income.
Privileged Asset Annuity
Take advantage of attractive interest rates including a special first year introductory rate, tax-deferred growth and guaranteed safety of your principal and earnings.
Learn more about the Privileged Asset Annuity
Most annuities have a tax-deferred feature and so do many retirement plans under the Internal Revenue Code. As a result, when you use an annuity to fund a retirement plan that is tax-deferred, your annuity will not provide any necessary or additional tax deferral for that retirement plan. But annuities do have features other than tax deferral that may help you reach your retirement goals. You should consult your tax advisor prior to making a purchase for an explanation of the tax implications to you.
Fixed annuities are long-term insurance products. Before you purchase, be sure to ask your financial professional about the annuity's features, benefits, and fees, and whether the annuity is appropriate for you, based on your financial situation and objectives.
Withdrawals that do not qualify for a waiver may be subject to a withdrawal charge. Withdrawals are subject to income taxes, and withdrawals before age 59-1/2 may incur an IRS 10% early withdrawal penalty.
Insurance and annuity products are issued by RiverSource Life Insurance Company and in New York, by RiverSource Life Insurance Co. of New York, Albany, New York. Only RiverSource Life Insurance Co. of New York is authorized to sell insurance and annuities in New York.
RiverSource Distributors, Inc. (Distributor), Member FINRA. Insurance and annuity products are issued by RiverSource Life Insurance Company and in New York, by RiverSource Life Insurance Co. of New York, Albany, New York. Only RiverSource Life Insurance Co. of New York is authorized to sell insurance and annuities in New York.
FIXED ANNUITIES:
| Are Not a Deposit of Any Bank OR ANY BANK affiliate | Are Not FDIC Insured | Are Not Insured by Any FEDERAL Government Agency | Are Not Bank Guaranteed |