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*For Retirement Advantage® plans only.
Horace Mann Life Insurance Company underwrites Horace Mann annuities. Annuities should be considered long-term investments. If you take your money out early, you could be subject to an additional 10 percent federal income tax. In addition, withdrawals on tax-qualified contracts may be restricted by the IRS or your employer’s plan. You should consult with your tax advisor regarding any tax-favored products. While an annuity is not required in order to obtain tax deferral within a 403(b) or other tax-qualified retirement plan, an annuity offers additional benefits. In order to offer these benefits there are additional charges and fees in the annuity.
Horace Mann Investors, Inc. offers Horace Mann Retirement Advantage® as 403(b), 457(b) and 401(a) investment options. Horace Mann Investors, Inc., member FINRA, is located at 1 Horace Mann Plaza, Springfield, IL 62715. You can receive prospectuses from your Horace Mann representative, by calling 877-602-1870 or by visiting horacemann.com/retirementadvantage. You should read the prospectuses carefully and consider the investment objectives, risks, charges and expenses carefully before you invest or send money. The prospectuses will provide complete information about these subjects. As with all securities, mutual funds involve a risk of loss, including a loss of principal.
Custodial services are provided by Matrix Trust Company, a Colorado state-chartered trust company located at 717 17th Street, Suite 1300, Denver, CO 80202.
The information provided here is for general informational purposes only, and should not be considered a recommendation or investment, tax or legal advice. Retirement Advantage is not structured to the individualized needs of a particular plan, participant or beneficiary. The plan sponsor is responsible for selecting and monitoring investment options in which participants and beneficiaries may invest. Each investor needs to create an investment strategy for his or her own particular situation before making any investment decisions.
Withdrawals from 403(b) and 457(b) plan accounts are restricted by the Internal Revenue Code and may be further restricted by your employer’s plan. Generally, you may make a withdrawal from a 403(b) plan account only upon reaching age 59½, severance from employment, disability, or certain hardships (if allowed by the plan); from a 457(b) plan account only upon reaching age 59½, severance from employment, disability, or an unforeseeable emergency (if allowed by the plan).
While you can receive the benefits of tax deferral in any product used in an IRA, an annuity offers additional benefits, including a death benefit and the opportunity to choose lifetime income options. In order to offer these benefits, there may be additional fees included in the annuity. There are no additional tax benefits in an annuity when used in an IRA. Annuities should be considered long-term investments.
This information is not intended to be tax advice. The factors which affect your decision to contribute to a traditional or Roth IRA are complicated and can change each year. Contributions to traditional and Roth IRAs are aggregated for purposes of annual limits. If you take money out before age 59 ½, you could be subject to a penalty tax of 10% in addition to income taxes. This is not intended to be tax advice. You should consult with a tax adviser regarding any tax-favored products and your specific situation.