As life expectancies increase and the responsibility for funding retirement shifts to the individual1, preparing for retirement is more important than ever.
Accumulation and protection
Longer life expectancies
We're living longer, so chances are good we'll also spend more time in retirement. It's important to think about how to fund those extra years.
A shift in responsibility
Pensions used to be a reliable source of retirement income, but the burden of funding retirement has overwhelmingly shifted to the individual.
Common influences on retirement investment decisionsFears about the stock market and general financial stability are common. As a result, many people have been keeping their money in cash vehicles, like savings accounts, while they look for investments with guarantees.
Nationwide Peak® 5 may be the right product for you
While the approach of more traditional fixed investments might feel comfortable in the short term, you risk paying for it in the long term when your retirement savings aren't keeping up with inflation. That's where Nationwide Peak may help. It offers principal protection and growth potential to assist you in planning for tomorrow.
Nationwide Peak is a single-purchase-payment deferred fixed indexed annuity with features that help protect your money as you accumulate retirement savings. With Nationwide Peak you can expect:
- Protection from market risk: you won’t lose any of your initial investment or credited earnings due to performance of the underlying index or indices
- Growth potential with guarantees: you have the potential for higher credited earnings than traditional fixed investments might offer
- Protection for a spouse: the death benefit can be paid to either surviving spouse, no matter who passes away first or who owns the contract
- Tax deferral: your annuity value may grow tax deferred
Take the next stepFor more information, additional materials and to add Nationwide Peak 5 to your investment strategy, talk with your financial professional.
1Retirement in America: Out of Reach for Working Americans. National Institute on Retirement Security, September 2018.
2Insured Retirement: The Changing Face of Retirement," IRI Retirement Factbook 2018, 17th edition.
33 Yale School of Management Stock Market Confidence Indexes, May 2017.
Annuities have limitations. They are long-term vehicles designed for retirement purposes. They are not intended to replace emergency funds, to be used as income for day-to-day expenses, or to fund short-term savings goals. Investing involves risk. A fixed indexed annuity is not a stock market investment and does not directly participate in any stock or equity investment. It may be appropriate for individuals who want guaranteed interest rates and the potential for lifetime income. Guarantees are subject to the claims-paying ability of the issuing insurance company. If you take withdrawals before you're age 59½, you may have to pay a 10% early withdrawal federal tax penalty in addition to ordinary income taxes. Withdrawals may trigger early surrender charges, reduce your death benefit and contract value.