Fort Campbell, KY Annuities, Made Simple
Retiring from Fort Campbell with a TSP balance? The TSP’s own annuity cannot be changed or cancelled once bought. Les shows what an IRA annuity would pay first.
Annuities built around Fort Campbell, KY
An annuity is a contract with an insurance carrier that converts your savings into a stream of income, either right away or starting at a future date. Depending on the type, an annuity can offer a guaranteed interest rate, growth linked to a market index, or income you cannot outlive, no matter how long you live.
Fort Campbell, KY is best described as a 105,068-acre Army installation that sits across four counties on the Tennessee-Kentucky line and home to the 101st Airborne Division (Air Assault), the only air assault division in the U.S. Army, stationed there since 1956.
If you retire from Fort Campbell with a Thrift Savings Plan balance, the TSP gives you two routes to lifetime income. The TSP can buy a life annuity for you from its annuity provider, with a $3,500 minimum, and once purchased you cannot change or cancel it. Or you can move the balance to an IRA and compare annuities from several carriers, including designs that pass remaining value to your beneficiaries. Les can lay both out before any money moves.
Guaranteed income
Certain annuity types can provide income payments for life, removing the risk of outliving your savings.
Principal protection
Fixed and fixed indexed annuities are designed to protect your original principal from market downturns.
Tax-deferred growth
Earnings inside an annuity generally grow tax-deferred until you begin taking withdrawals or income.
Coverage for Fort Campbell residents in three steps
Share your timeline
Tell Les when you want income to start and how much of your savings you want protected.
Compare products
Les compares fixed and indexed options from multiple carriers and shows the real numbers side by side.
Fund your plan
Choose the option that fits, complete the paperwork, and set your income to start on your schedule.
More ways we help Fort Campbell families
Back to the Fort Campbell, KY overview or the general Annuities overview.
Annuities in Fort Campbell, answered
What is an annuity?
An annuity is a contract with an insurance carrier where you contribute money, either as a lump sum or over time, in exchange for guaranteed income later, or in some cases immediately. Different annuity types offer different combinations of growth, protection and income.
Is my principal protected?
Fixed and fixed indexed annuities are designed to protect your original principal from market losses, subject to the terms of the specific contract and any early withdrawal charges.
How is an indexed annuity different from investing in the market?
An indexed annuity credits interest based on the performance of a market index, but your money is not directly invested in the market. Gains are typically limited by a cap or participation rate, and principal is generally protected from index losses.
When can I start taking income?
It depends on the annuity type. Immediate annuities can begin paying income right away, while deferred annuities are designed to grow for a period before income starts on a schedule you choose.
Should I buy the TSP annuity or move my TSP into an IRA annuity?
It depends on what you want to keep control of. The TSP life annuity is bought from the TSP’s annuity provider and cannot be changed or cancelled. Moving the balance to an IRA lets you compare annuities from several carriers, some of which leave remaining value to your beneficiaries. Les can show both side by side.
Get your annuities options in Fort Campbell.
A quick call with Les, a licensed independent agent based in Clarksville, is usually all it takes.