Investing can feel overwhelming. Use these savvy solutions and money strategies to start building wealth today.

Investing can help you accomplish key financial goals, like building a rock-solid nest egg for a comfortable retirement that could last from 20 to 30 years, or more. But where do you begin?

Becoming a savvy investor starts with choosing smart, protected money growth options that help boost your savings, while gaining confidence in your investing skills to feel empowered about your money decisions.

Annuities, in particular, can be powerful investment tools. The ParityFlex™ multi-year guaranteed annuity available through Gainbridge®* comes with a guaranteed lifetime withdrawal benefit, flexible withdrawals, and guaranteed stream of lifetime income.

Here are a few popular financial tools so you can start investing with confidence now to help build a secure retirement portfolio.

Guaranteed Income Annuities

Looking for a financial product that will deliver a steady income stream in retirement? Consider buying an annuity.

An annuity can be a good place to park money if you don’t have an employer retirement benefit program, since it provides you with regular payments starting on a specific date.

Types of annuities1 include:

  • Fixed annuities. You are guaranteed a minimum rate of interest and a fixed amount of periodic payments for the rest of your life.
  • Variable annuities. With a variable annuity, you direct payments to different investment products. Payments may fluctuate and payouts can vary depending on how much you contribute and how well the investments perform.
  • Fixed indexed annuities. The payout of these annuities is based on a stock index, like the Standard & Poor’s 500 Index or Nasdaq. The fact that they are fixed protects you against losing your principal if the index declines.

ParityFlex™ through Gainbridge® annuities offer guaranteed income for your retirement. This investment product—designed for women, by women—allows you to grow your retirement savings tax-deferred at a fixed rate for the term. Your account value is protected from market downturns and will never be less than your initial investment. You can estimate your growth and lifetime income using this calculator.

Defined Contribution Plans

Offered by around 9 in 10 employers2, defined contribution (DC) plans allow individual employees to make annual contributions, with a potential employer match at some companies. There are three types of defined contribution plans:

  • 401(k). This is the most popular type of defined contribution plan. With this retirement savings vehicle, the employee diverts a portion of income into a retirement account using pre-tax dollars, reducing their taxable income. (Down the road, withdrawals are taxed.) Some companies offer to match an employee’s contribution, up to a certain percentage of the employee’s salary.3
  • 403(b). Similar to a 401(k), this is a tax-sheltered annuity offered by public schools and tax-exempt nonprofits.4
  • 457(b). This deferred compensation plan offers tax exemption on retirement savings for employees of state governments, local governments, and tax-exempt, non-governmental agencies.5

Retirement Plans for the Self-Employed

If you’re self-employed, you also have retirement investment options. These are three of the most common:

  • Solo 401(k) plan. This retirement investment option is also called a one-participant 401(k) or a Solo-k. It’s ideal for the business owner who doesn’t have any employees and operates similar to a 401(k).
  • Registered Indexed Linked Annuities. RILAs are annuities that are tied to the performance of a market index, like the S&P 500, allowing you to leverage the growth potential of the market.
  • Individual Retirement Accounts. IRAs let you make tax-deferred investments to build up savings for retirement. Types of IRAs include traditional IRAs, Roth IRAs, SEP, SIMPLE IRAs, and Payroll Deduction IRA plans.6 IRAs can be set up through a bank, life insurance company, broker, or robo-advisor.

The Bottom Line

The financial products outlined above can help you grow your money while also mitigating your risk exposure, helping to turn your paychecks and savings into profitable investments.

Ready to pave the way for a guaranteed income stream in retirement? ParityFlex™ through Gainbridge®* annuities allow you to build your retirement savings without the risk of investing in stocks, bonds, or mutual funds. They help you to make your money work harder so that you can live the retirement lifestyle that you envision for yourself.

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Start building your investment portfolio today with a
guaranteed income annuity from Gainbridge® Financial.

*ParityFlex™, a multi-year guaranteed annuity, is issued by Gainbridge Life Insurance Company in Zionsville, Indiana. Learn more.