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Sponsored article – Are your savings accounts hurting your retirement?
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Are your savings accounts hurting your retirement? – Sponsored

Sponsored article – Are your savings accounts hurting your retirement?

Don’t let low-interest rates interfere with your goals for retirement savings

Do you have a significant amount of money in conservative savings accounts? Conservative savers often want to avoid volatility in the market, so they may be willing to accept low-interest rate offerings. However, with today’s low-interest rate environment, they

Saving money is one of the best things you can do for yourself and your family. Insuring against a catastrophe or major issue is a critical part of a healthy financial picture. However, you may want to have a little of both — protection of principal and potential for growth.

BIO: Learn more about financial consultant Chad Aaberg

A fixed indexed annuity (FIA) is one such option. An FIA is an insurance contract with a combination of accounts available: one fixed account with a guaranteed minimum interest rate and an indexed account where interest is linked to the performance of an external index (like the S&P 500®.) The benefits of these products are that you’re protected against loss should the index have a negative return and you can potentially realize some growth when the index is having strong performance. The interest on the indexed account is capped at a maximum percentage. The maximum percentage or cap may vary based on the surrender charge period and can change annually. The interest credited to the indexed account will not exceed the maximum cap, however, you will be protected against loss should the index perform poorly. In years where the index performance is negative, no interest will be credited.

In exchange for this protection, you sacrifice some liquidity. When you purchase an FIA, you choose a surrender charge period between five and nine years. During that time, you will pay a surrender charge if you decide to withdraw your money. An FIA may work best if you have a portion of retirement savings you know you won’t need for several years but still want some potential growth.

5280 ASSOCIATESMore information about the Denver office of Thrivent Financial

If you’re someone with lots of assets in conservative savings accounts, exploring options like fixed indexed annuities might help you realize some market growth while maintaining asset protection.

This article was prepared by Thrivent Financial for use by Denver representative Chad Aaberg. He has offices at 501 South Cherry Street in Denver and can also be reached at 303-730-1951.

About Thrivent Financial

Thrivent Financial is a financial services organization that helps Christians be wise with money and live generously. As a membership organization, it offers its more than 2.3 million member-owners a broad range of products, services, and guidance from financial representatives nationwide. For more than a century it has helped members make wise money choices that reflect their values while providing them opportunities to demonstrate their generosity where they live, work, and worship. For more information, visit You can also find us on Facebook and Twitter.

Guarantees are backed by the financial strength and claims-paying ability of Thrivent Financial for Lutherans.

Surrenders or partial surrenders from an annuity are subject to income taxation and surrender charges in the first seven contract years starting at 9 percent in the first year and decreasing 1 percent each year until it becomes 0 percent in year eight. Earnings distributed prior to age 59 ½ may be subject to a 10 percent federal penalty tax.

Insurance products issued or offered by Thrivent Financial, the marketing name for Thrivent Financial for Lutherans, Appleton, Wisconsin. Not all products are available in all states. Securities and investment advisory services are offered through Thrivent Investment Management Inc., 625 Fourth Ave. South, Minneapolis, Minn., 55415, an FINRA and SIPC member and a wholly owned subsidiary of Thrivent. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc. They are also licensed insurance agents/producers of Thrivent. For additional important information, visit

The S&P 500 is a product of S&P Dow Jones Indices LLC (“S&P DJI”) and has been licensed for use by Thrivent Financial.  S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by Thrivent Financial.  The Thrivent Financial Single Premium Deferred Fixed Indexed Annuity is not sponsored, endorsed, sold, or promoted by S&P DJI, S&P, or their respective affiliates or third party licensors and none of such parties make any representation regarding the advisability of purchasing the Thrivent Financial Single Premium Deferred Fixed Indexed Annuity nor do they have any liability for any errors, omissions, or interruptions in the S&P 500.