Retirement and Investment
Florida Retirement System Workshop Videos
Using the FRS to Plan for Your Retirement
Cash & Debt Management: Smart Spending
Estate Planning - Caring for Your Loved Ones
What types of investing products are available?
You may choose from several types of investment products for your 403(b) or 457(b) retirement savings. The different investment products listed below represent the majority of all account types currently available. The 401(k) plan is limited to mutual fund investment options only. The assistance of a professional representative could help you chart a course for successful investing. Note that each investment product has specific provisions and advantages associated with its use.
- Standard Interest Annuity - This is the simplest form of retirement savings and is similar to a savings account.
- Equity Index Annuity - Combines many of the characteristics of an interest annuity with the opportunity to participate in any positive returns realized in a stock market index.
- Variable Annuity - Several investment alternatives are combined within these plans. The participant may select one or more investment accounts managed by the carrier or other various investment management companies.
- Mutual Funds - Offered by investment management companies and brokerage firms. Participants may direct their contributions to various investment portfolios which are managed by the custodian or management company.
| Standard Interest Annuity | Equity Index Annuity | Variable Annuity | Mutual Funds | |
|---|---|---|---|---|
| Risk | Stable | Stable to Low Moderate | Moderate to Aggressive | Moderate to Aggressive |
| Minimum Rate of Return | Minimum guarantee on all principal | Minimum rate on portion of principal over specified period of time | Subject to performance of investment accounts | Long-range returns subject to account performance |
| Current Interest or Return on Deposits | Credits current rate of interest | Different methods of crediting interest exist based on varying market indices | Interest bearing with guarantee available as one of the investment choices | Subject to performance of investment accounts selected |
| Fees Charges | Usually no front-end sales charges or fees | Usually no front-end charges or fees | May include mortality and expense fees and investment management fees | May include sales charges and investment management fees |
| Surrender Charges | Common for early withdrawals | Common for early withdrawals | Common for early withdrawals | Some share classes may have contingent deferred sales charges |
| Loan Provisions | Usually Included | Usually Included | Usually Included | Sometimes Included |
For all Authorized Investment Providers and information, go to www.tsacg.com