Providence Association – Life Insurance & Retirement Savings

Interest Rate Increase

interest rate increase

Retirement Accounts earning 4% Providence Association raises the Interest rates on all retirement products We are excited to announce, that the interest rate on all annuities, IRA annuities, and Roth IRA annuities will increase to 4.0%.  Also all accounts opened after July 1, 2022, will also have a favorable 3.0% lifetime guaranteed minimum growth interest rate.  […]

Roth IRA – Flexible Retirement Savings

Roth IRA Tax Free Retirement

What is a Roth IRA? A Roth IRA is a retirement savings account that you set up for yourself, as an individual, rather than one that is set up for you by your employer, e.g., a 401(k) plan. Money contributed must be after-tax dollars. Although there is no tax benefit today, as with a traditional […]

Retirement: How Much Is Enough?

Couple not thinking about Retirement

Retirement Dreams How much is Enough? How much is enough to live the life you want during retirement?  A good question to ask yourself at any age, but difficult to know early in life.  If you have spent the last ten, twenty or thirty years working full time, you may think that your retirement savings are well […]