Whatever retirement holds for you, your Erie Insurance agent can help pave the way. Planning for retirement is complicated, so we’re here to make it a bit easier. Whether you are just starting your career, have been in the workforce for some time or own a business with employees to think about, having a retirement savings plan in place can help your retirement dreams become a reality.
From annuities to Individual Retirement Accounts (IRAs) and life insurance policies, Erie Family Life1 offers several savings plan options to help you (and your employees, if you have them) save money for retirement.
Review your retirement options. Erie Family Life can help.
Retirement options from erie family life | What it is | Who it's for |
|---|---|---|
Retirement options from erie family life | What it is A fixed rate investment tool that is safe from market fluctuations and pays out over a long period of time. | Who it's for Individuals looking for a safe investment alternative. |
Retirement options from erie family life | What it is A savings plan that qualifies for tax advantages now. You get a tax deduction when your money goes in. | Who it's for Individuals with earned income who want to save for retirement or supplement an employer provided retirement plan. |
Retirement options from erie family life | What it is A savings plan that qualifies for tax advantages later. Money you take out during retirement is tax-free. | Who it's for Individuals with earned income who want to save for retirement or supplement an employer provided retirement plan. |
Retirement options from erie family life | What it is | Who it's for |
|---|---|---|
Retirement options from erie family life SIMPLE IRA (Savings Incentive Match Plan for Employees) | What it is A retirement plan that is set up by an employer. Employees can contribute to the plan on a tax-deferred basis. | Who it's for Businesses with fewer than 100 employees; employed and self-employed individuals looking for a way to save for retirement income. |
Retirement options from erie family life SEP IRA (Simplified Employee Pension) | What it is A retirement plan that is set up by an employer. Only the employer can contribute. | Who it's for Small businesses, professionals and self-employed individuals looking for a way to save for retirement income. |
Retirement options from erie family life | What it is | Who it's for |
|---|---|---|
Retirement options from erie family life | What it is A life insurance-based retirement plan for select key employees that is purchased by the business owner. | Who it's for Business owners who want to attract and retain key employees. |
Retirement options from erie family life | What it is Individual life insurance policy purchased by the business owner on behalf of select key employees. At retirement, employee may use the policy’s cash value as supplemental income. | Who it's for Business owners looking to recruit strong candidates, retain expert employees and design a benefit plan with tax-deductible costs. |