RiverSource® Quantum Select is a flexible premium, fixed annuity that offers rate and timeline options to help meet your needs.
Minimum initial payment:
- Non-Qualified: $3,000
- Qualified: $2,000
$100 minimum allowed in most states. Each additional payment has its own withdrawal charge schedule.
Maximum issue age:
- Non-Qualified, Roth IRA, or rollovers and transfers to SEP IRA: Age 85
- New contributions to a SEP IRA: Age 70.5
Each additional payment will have its own withdrawal schedule.
During the first year, 15% of the initial payment may be withdrawn systematically without penalty. After the first year, up to 15% of the prior anniversary contract value can be annually withdrawn without charge.
Rates and Guarantees
- Minimum Guaranteed Rate is 1.75%.
- Initial base rate guarantee period options of 1, 3 and 5 years.
- All guarantees are based on the continued claims-paying ability of the issuing company.
The guarantees offered by RiverSource® annuities are backed by the strength and soundness of RiverSource and are subject to our continued claims-paying ability.