Retirement Planning

Retirement Planning

Protect your hard earned money.

Take control of your own retirement plan.

“Enclosed please find our check for $2,000.00.  Your next check will be mailed to you one month from today, and on the first of each month thereafter for as long as you live.”How would you like to get a message like the above with a check for $2,000.00 the first day of every month for life starting when you are 65?  Or even before, if you wish? You will be surprised to learn how easy it is to be sure of a new source of income when you are ready to retire.

We offer RETIREMENT INCOME YOU CAN COUNT ON. GUARANTEED.

What is it? An annuity is a retirement savings product. You make contributions, and, after a specified amount of time, the annuity pays you a regular income stream.

Who needs it? There are few financial matters we give more thought and attention to than our retirement. Everyone thinks about it. Everyone needs it.

Retirement annuities help you ensure that you have enough money to live on in retirement.

But retirement income can be a difficult thing to calculate, especially with a changing landscape of federal and employee-provided benefits. With a properly structured retirement annuity from the Knights of Columbus, you can have retirement income that you cannot outlive, guaranteed.

Retirement annuities provide security and peace of mind that people of all ages and financial circumstances can benefit from.

How does it work? Knights of Columbus retirement annuities come with many different payment and plan types (see below) which determine the nature of the annuity.

Once established, the money within a Knights of Columbus annuity continues to earn value, before eventually disbursing according to the options that you elect.

Knights of Columbus annuities also come with two important guarantees.

First, with a Knights of Columbus annuity, your principal is guaranteed. Regardless of market condition or company results, your Knights of Columbus annuity will not lose value.

Second, each Knights of Columbus annuity comes with a guaranteed minimum interest rate. No matter the market fluctuations, your annuity is guaranteed to never earn less than the contractually stated amount on an annual basis.

What options do I have?

Payment Type

Single Premium Annuity – You make a single, lump-sum payment that accrues interest until you elect to begin withdrawals.

Flexible Premium Annuity – Premium payments can be made on a regular or irregular basis. We encourage Electronic Transfer of Funds (EFT) with the frequency of payments determined by you. In addition, you have the option to choose your payment schedule.

Single Premium Immediate Annuity – Purchased with a single payment, it begins to pay out immediately.

Plan Types

Non-Qualified Annuity

Qualified Longevity Annuity

Traditional Individual Retirement Annuity

Roth Individual Retirement Annuity

The Knights of Columbus also offers Tax Sheltered Annuities (TSA) and Simplified Employee Pension (SEP) options.

Knights and their families in Canada have two retirement annuity options: Registered Retirement Savings Plan Tax-Free Savings Account.