1. What Type of Group Retirement Options Do We Offer?

We work with leading carriers to provide Group Unallocated Annuities — retirement solutions designed for schools, municipalities, and businesses that want to help employees save safely and effectively. These plans are owned by the employer or trust, not the individual, but they grow for the employee’s benefit.

 

Through partnerships with companies like Life Insurance Company of the Southwest, we offer 3121 Plans and other group retirement options that allow part-time, temporary, and seasonal employees to build meaningful retirement savings outside of Social Security.

Fixed and Fixed Indexed Group Annuities protect employees from market losses while still providing long-term growth potential.

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2. Can I Exchange One Annuity for Another Without Paying Taxes?

Yes. Under IRC Section 1035, you can exchange one annuity for another tax-free.
Before moving funds, it’s important to review:

• Any surrender charges on the old contract

• The new surrender period on the new annuity

• Differences in interest rates, guarantees, and income options

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3. How Are Withdrawals from a Non-Qualified Annuity Taxed?

Withdrawals are taxed on a “gain-first” basis — earnings come out before principal.

• Earnings are taxed as regular income.

• Principal (your contributions) is tax-free when withdrawn.

• Withdrawals before age 59½ may trigger a 10% IRS penalty on earnings only.

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4. Won’t My State Pension Be Enough to Retire On?

For most public employees, no. Pensions often replace only 60–70% of pre-retirement income. Supplemental savings through annuities or group retirement plans help close that gap and create lifetime income.

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5. If I’m in a Plan at Work, Can I Also Contribute to an IRA?

Yes. You can contribute to both. Depending on your income, IRA contributions may or may not be tax-deductible, but they always help grow your savings faster.

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6. I Need to Save for Retirement but Also Want to Help My Kids with College — What Comes First?

Retirement first. You can borrow for college, but not for retirement. Securing your financial future ensures your children won’t have to support you later — that’s the smartest way to help your family long term.

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7. Speak to a Licensed Insurance Agent

Our advisors help employers and employees design secure, tax-efficient group retirement solutions that balance guaranteed growth and flexible access. We’ll show you how to maximize your savings without taking unnecessary risk. ​​​​Speak to an Agent – To see the full list of carriers we work with, click here.