Retirement
Options for saving for your 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: |
||
|
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. |
|
|
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. |
|
|
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: |
||
|
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. |
|
|
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. |
|
Annuities for Individuals:
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. Learn more here.
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. Learn more here.
WHO IT'S FOR
Individuals with earned income who want to save for retirement or supplement an employer provided retirement plan.
Annuities for Businesses:
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. Learn more here.
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. Learn more here.
WHO IT'S FOR
Small businesses, professionals and self-employed individuals looking for a way to save for retirement income.
Specialized Options for Businesses:
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.
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.1
-
1
This web page is not intended as estate planning or tax advice. Please consult a qualified professional advisor.