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*          Investments and Insurance
Investments and Insurance > Fixed Annuities

Geared Towards Tax-Deferred Earnings

Earn More, Pay Less . . .
Learn About Tax Deferred Fixed Annuities*

Tax Deferred Fixed Annuities: Less Income Taxes, Faster Earnings Growth
How can I reduce my taxes? How can I make my money work for me? If you are like most individuals, you have asked yourself these questions over and over again - particularly during tax season, when you see the interest earned on your savings substantially reduced by state and federal income taxes. The answers to both of these problems can be found in the same product: The Tax Deferred Fixed Annuity. Tax Deferred Fixed Annuities offer competitive interest rates, with all interest accumulating tax-deferred for the life of the annuity. Plus, since your earnings remain in your annuity and compound without being taxed, your money is able to grow faster.1

Tax Deferred Fixed Annuities: Safe and Simple To Understand
Contributors trying to save for the future are comfortable with annuities because they are simple to understand. A fixed annuity is a contract issued by an insurance company, which provides a competitive interest rate. Contributions are backed by the claims-paying ability of the insurer.1

1The benefits of tax deferral in an annuity do not apply to contracts purchased as an Individual Retirement Account (IRA) inside some other tax-qualified retirement plan, because these plans already have tax-deferred status.

Low Minimum Payment
You can open a non-qualified Tax Deferred Fixed Annuity with as little as $5,000. Low minimum requirements, together with various payment options, make a Tax Deferred Fixed Annuity suitable for many individuals and their different financial needs. Plus, tax-deferred growth through an annuity can be yours regardless of your employment status or age. This feature could differ among contracts.

100% Of Your Money Works For You
Unlike many financial products, the Tax Deferred Fixed Annuities we offer do not have initial sales charges, so 100% of your money can immediately begin earning interest.2

You can purchase a Tax Deferred Fixed Annuity by making a single premium payment, or you can choose a flexible premium payment schedule. Your dollars are placed in the annuity, which earns a competitive interest rate.

Access To Your Money
In most cases, Tax Deferred Fixed Annuities allow you flexible access to some percentage of your money. Guidelines regarding withdrawals from Tax Deferred Fixed Annuities differ among contracts, but in most cases they are permitted throughout the life of the annuity.2

2A surrender charge may be applied for premature withdrawals during the early years of the annuity. Annuities are long-term vehicles designed for retirement purposes. Withdrawals of taxable amounts are subject to income tax and if taken prior to age 59-1/2, a 10% IRS penalty tax may also apply. Withdrawals have the effect of reducing benefits and values.

Payment Options: The Choice Is Yours
When it's time to take income, choose from a variety of payment options. For example, you may elect to receive a monthly check for the rest of your life, which is backed by the claims-paying ability of the insurer.

Regardless of the payment option you choose, one of the main attractions of a Tax Deferred Fixed Annuity is that you do not need to make your choice at the time you purchase your policy. Rather, you can wait until a later date to decide how you would eventually like to receive your annuity payments.3

3Annuity income from traditional IRAs and other qualified plans is usually fully taxable since this money has typically never been taxed previously.

Can Help Address Many Financial Goals
Even if you already have an IRA, Keogh, or 401(k) plan, you may purchase a Tax Deferred Fixed Annuity. It may be used to help meet future financial needs such as college expenses, retirement funding, and estate planning.

We suggest that you consult with a Tax Deferred Fixed Annuity specialist at your local NYCB branch to determine the appropriate amount of money you should place in a Tax Deferred Fixed Annuity to plan for your specific financial objectives.

Estate Planning Advantage
A Tax Deferred Fixed Annuity offers you a major benefit when used for estate planning purposes. By avoiding probate, it provides an immediate source of funds at death to pay estate taxes and other expenses4. As a result, there may be no need to sell other assets, possibly at a loss, to pay these costs.

All Of The Benefits Of An IRA and More
Just like the popular IRA, earnings from a Tax Deferred Fixed Annuity are not taxed until you receive them. However, unlike an IRA, the amount placed in an annuity is not limited to a specific dollar amount. Instead, you can place as much as $500,000 in some annuity contracts. Upon carrier approval, higher amounts can also be accommodated. Plus, you can make additional payments to existing annuities. Another feature of Tax Deferred Fixed Annuities is that you can also use them as an IRA5. Depending on your total annual income, this may enable you to receive the benefits of an annuity while still being able to deduct up to $5,000 of your purchase amount from your reported total income when filing your tax return6. This will, of course, lower your tax liability.4

4Certain restrictions may apply. Consult your own qualified advisor for legal or tax advice.

5Annuities do not provide tax-qualified plans with any additional tax benefits.

6A catch-up provision allows for an additional $1,000 over age 50.

*Securities offered through LPL Financial, member FINRA / SIPC. Insurance products offered through LPL Financial or its licensed affiliates. New York Community Bank, New York Commercial Bank and Investment and Insurance Services are not registered broker/dealers and are not affiliated with LPL Financial.

Not FDIC Insured No Bank Guarantee Not a Deposit
May Go Down In Value Not Insured by Any Federal Government Agency
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