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Retirement

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.

OPTIONS FOR SAVING FOR RETIREMENT

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.

 

COMPARE

Review your retirement options.
Erie Family Life can help.

 

RETIREMENT OPTIONS FROM ERIE FAMILY LIFE

WHAT IT IS

WHO IT’S FOR

Annuities for Individuals:

Nonqualified Annuities

A fixed rate investment tool that is safe from market fluctuations and pays out over a long period of time.

Individuals looking for a safe investment alternative.

Traditional IRA

A savings plan that qualifies for tax advantages now. You get a tax deduction when your money goes in. Learn more here.

Individuals with earned income who want to save for retirement or supplement an employer provided retirement plan.

Roth IRA

A savings plan that qualifies for tax advantages later. Money you take out during retirement is tax-free. Learn more here.

Individuals with earned income who want to save for retirement or supplement an employer provided retirement plan.

Annuities for Businesses:

SIMPLE IRA (Savings Incentive Match Plan for Employees)

 

A retirement plan that is set up by an employer. Employees can contribute to the plan on a tax-deferred basis. Learn more here.

Businesses with fewer than 100 employees; employed and self-employed individuals looking for a way to save for retirement income.

SEP IRA (Simplified Employee Pension)

 

A retirement plan that is set up by an employer. Only the employer can contribute. Learn more here.

 

Small businesses, professionals and self-employed individuals looking for a way to save for retirement income.

Specialized Options for Businesses:

Deferred Compensation

A life insurance-based retirement plan for select key employees that is purchased by the business owner.

Business owners who want to attract and retain key employees.

Executive Bonus Plan

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.

Business owners looking to recruit strong candidates, retain expert employees and design a benefit plan with tax-deductible costs.

 

 

For more information on retirement planning options from Erie Family Life or to schedule an appointment, contact your local ERIE agent today. Our agents can help you select a plan that will work for your budget and situation.2

1ERIE® life insurance products and services are provided by Erie Family Life Insurance Company, a member of Erie Insurance Group, and are not available in New York. See individual policies for specific coverage details. Certain terms and limitations may apply. Refer to our disclaimer for additional information.

 2This web page is not intended as estate planning or tax advice.  Please consult a qualified professional advisor.