If you’re looking for ways to save more for retirement or generate reliable income in retirement, consider an annuity. Low-cost annuities from Schwab provide the opportunity for tax-deferred growth and, when you retire, the option of guaranteed income to last as long as you wish—even for life.
All guarantees are based on the financial strength and claims-paying ability of the issuing insurance company (not Schwab).
Learn about annuities and how they may fit with your retirement plan.
Get exceptional value with a low-cost variable annuity.
Save money with a variable annuity from Schwab:
- Variable annuities at Schwab are priced 30%–50% lower than the industry average.1
- There are no surrender fees, so you can enjoy flexibility if your situation changes.
Try our Variable Annuity Expense Analyzer.
Before considering an exchange of your current annuity, carefully consider surrender charges on your existing contract, loss of guaranteed benefits, and differences in features, costs, services, and company strength, as well as other factors that could reduce or eliminate the benefit of an exchange.
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You can also call a Schwab Annuity Consultant at 888-311-4889.
Already own an annuity at Schwab?
1. Source: Base variable annuity fees of 0.60% for the Schwab Retirement Income Variable Annuity and 0.65% for the Schwab OneSource variable annuity, as compared to the industry average of 1.34%, according to a June 30, 2013 Morningstar survey. This does not include fees associated with optional riders or underlying investment options.
Variable annuities are sold by prospectus only. Before purchasing an annuity, you should carefully read the prospectus and consider its investment objectives and all the risks, charges, and expenses associated with the annuity and its investment options. For this and other information, call Charles Schwab & Co., Inc. at 888-311-4889 to request a prospectus, or you may view one online at Schwab.com.
Charles Schwab & Co., Inc., a licensed insurance agency, distributes certain insurance and variable annuity contracts that are issued by insurance companies not affiliated with Schwab. Not all annuity contracts are available in every state.
The account value of a variable annuity may be more or less than the premiums paid and it is possible to lose money.
Variable annuities are subject to a number of fees including mortality and risk expense charges, administrative fees, premium taxes, investment management fees, and charges for additional optional features. Although there are no surrender charges on the variable annuities offered by Schwab, such charges do apply in the early years of many contracts. Withdrawals prior to age 59½ may be subject to a 10% Federal tax penalty in addition to applicable income taxes.