Charlotte County Public Schools

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.