We know that in order to continue our current lifestyle after retirement, we need to supplement our railroad retirement or social security pension. The federal government recognized the fact that government retirement plans may not be adequate to ensure one's lifestyle and responded by establishing Individual Retirement Arrangements, such as Traditional and Roth IRAs.

Individual Retirement Arrangements and Flexible Premium Annuities are personal savings plans that provide tax advantages for setting aside money for retirement. In the case of a Traditional IRA and Flexible Premium Annuities, interest earnings are tax-deferred until withdrawn. In the case of a Roth IRA, interest is tax-free providing certain conditions are met.

The earlier you plan for retirement and start setting aside money for that retirement, the more successful your retirement plan will be.

• Flexible Premium Deferred Annuity
• Traditional IRA
• Roth IRA