A tax-deferred retirement investment option
Preparing for retirement is a fundamental financial objective for most Americans. A tax-deferred annuity allows you to put money away for retirement on a tax-deferred basis. This gives you the possibility of growth while putting taxes off until you’re ready to withdraw at retirement.
What is an annuity
An annuity is a contract between you and an insurance carrier. This contract requires the insurer to make payments to you, either immediately or in the future. You buy an annuity by making either a single payment or a series of payments. Similarly, your retirement benefit, or payout, may come either as one lump-sum payment or as a series of payments over time.
Types of annuities
- Fixed Annuities – ensure steady income with a fixed rate of return for a set period of time
- Immediate Annuities – manage risk for retirement by making a single payment that delivers a guaranteed income stream almost immediately
- Index Annuities – yield returns based on an equity-based index while giving yourself protection against stock market declines
- Variable Annuities – hedge against inflation with flexible investment options based on your risk tolerance
People’s Securities, Inc.
At People’s Securities, every relationship starts with a conversation; one that focuses on the things you care about most – your family, your goals and your priorities. From there, your financial advisor will help to create a strategy and team that reflects your unique objectives. Our comprehensive platform of planning, investment and insurance solutions allows us to design solutions customized to accommodate your current and future life priorities. Whether you are nearing retirement or just starting out, we can help with our practical investment solutions and professional expertise.
Investment and insurance products are offered through People’s Securities, Inc., a Broker/Dealer, member of FINRA and SIPC, an insurance agency. People’s Securities, Inc. is a wholly-owned subsidiary of M&T Bank. Investment products may involve risk, including possible loss of principal.
Investment and Insurance Products:
• Are Not Insured by FDIC or any Federal Government Agency
• Are Not a Deposit of or Guaranteed by a Bank or any Bank Affiliate
• May Go Down in Value
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*Withdrawals prior to age 59 1/2 are subject to a tax penalty in addition to ordinary taxes.
†People’s Securities, Inc., is not a tax advisor. As individual tax situations may differ, you should consult your tax advisor.
‡Such guarantees are subject to the claims-paying ability of the underlying insurance company.
Before investing, investors should carefully consider the investment objectives, risks, charges and expenses of the variable annuity and its underlying investment options. The current contract prospectus and underlying fund prospectuses, which are contained in the same document, provide this and other important information. Please contact your representative or the company to obtain the prospectuses. Please read the prospectuses carefully before investing or sending money.
*Loans and withdrawals will have the effect of decreasing the death benefit. Coverage lasts as long as premiums are paid. Guarantees are subject to the claims-paying ability of the insurance carrier.
On April 2, 2022, People’s United Bank, N.A. merged into M&T Bank. It is now part of M&T Bank and its former branches and most services will operate as the People’s United division of M&T Bank until we complete the integration of our systems later in 2022. M&T Bank is a Member FDIC, 
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