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RAVA 5 Select® variable annuity - New York

You've worked hard throughout your lifetime to prepare for a comfortable retirement. Through each stage — from building your nest egg to enjoying your retirement — you'll want and need sustainable retirement income and the growth potential to help ensure the retirement you envision. RiverSource offers a range of annuity solutions that can help you grow your money, live more confidently in retirement and share your wealth with the people and causes you care about.

Variable annuities are long-term investment vehicles designed to help you position yourself for a more confident retirement. For further information, please read the prospectus.

Getting Started

  • Minimum initial payment: Qualified - $2,000; Non-qualified - $10,000
  • If annuity is part of an employer-sponsored plan, the minimum payment is $1,000 for lump sum, or $25 per payment (only allowed with group bill).
  • Minimum additional payments: $50
  • Maximum issue age: 90

Withdrawals

Surrender charges (based on contract year)

Completed year 0 1 2 3 4
4-Year Charge 7% 6% 5% 4% 0%

Access to withdrawals

Cumulative earnings or 10% of the prior anniversary contract value can be annually withdrawn without charge

Surrender charge waivers

Nursing Home Confinement

To qualify:

  • Owner and joint owner must be confined to a qualified facility for 60 consecutive days
  • Owner and joint owner must be under 76 at contract issue

Terminal illness

To qualify:

  • Diagnosis must occur after first contract anniversary
  • No maximum issue age

Owner and joint owner are covered on both waivers. Check your product prospectus for more information.

Systematic withdrawals

  • $50 monthly minimum

Investment Features and Options

Special Dollar Cost Averaging fixed account (SDCA)

  • 6 and 12 month DCA
  • Rates are similar to the regular fixed account
  • No minimum

Regular fixed account

  • One year guaranteed rate followed by 12-month renewal rates
  • Guaranteed Minimum Interest Rate varies by issue date

With an optional living benefit

Without an optional living benefit

If you did not elect an optional living benefit, you can choose from over 90 funds encompassing a wide spectrum of fund families, investment types and strategies. You will have access to individual funds as well as asset allocation portfolios. Our individual funds offer everything from blue-chip domestic funds to international small-company funds to alternatives. Our asset allocation portfolios are broadly diversified across asset classes, market sectors and holdings, and have built-in asset allocation and risk management to help meet your investing goals. You also have access to fixed account options that offer the security of a guaranteed rate of return.

Total Mortality & Expense (M&E) fee

  • 1.35% (through year 10); 0.95% (years 11+)

Optional Living and Death Benefit fees

Fee added to M&E fee
Return of Purchase Payments (ROPP) death benefit 0.35%
Maximum Five Year Anniversary Value (MAV5) death benefit 0.10%
Maximum Anniversary Value (MAV) death benefit 0.25%
Annual Charge
Currently Available:
SecureSource 4 NY® — Single and Joint Life Benefit 1.15%
SecureSource 4 Plus NY® — Single and Joint Life Benefit 1.45%
Accumulation Protector Benefit® (APB®) 1.30%

Contract charge

$30 annual charge. (Waived for contracts $50,000 and over; not waived at full surrender.)

Flexible investing options: the choice is yours.

Within your RiverSource® variable annuity, you have two investing paths to consider:

  • With an optional living benefit. If you selected a living benefit for your RiverSource variable annuity, you can choose from the Portfolio Stabilizer funds.
  • Without an optional living benefit. If you did not elect an optional living benefit, you can choose from over 90 funds encompassing a wide spectrum of fund families, investment types and strategies. You will have access to individual funds as well as asset allocation portfolios. Our individual funds offer everything from blue-chip domestic funds to international small-company funds to alternatives. Our asset allocation portfolios are broadly diversified across asset classes, market sectors and holdings, and have built-in asset allocation and risk management to help meet your investing goals. You also have access to fixed account options that offer the security of a guaranteed rate of return.

Optional benefits provide increased protection

RiverSource® annuities can help with a wide range of retirement needs, including protecting your wealth, providing lifetime income guarantees and leaving a legacy. Optional benefits, available for an additional fee, can be added to your annuity contract to meet your specific goals and needs.

Living Benefits

Optional living benefits can protect your investment, offer opportunities for guaranteed income growth while you are accumulating, and provide guaranteed income for life.

Death Benefits

Share your legacy with the people and causes you care about with a selection of death benefit options that can help protect your investment for your beneficiaries and even increase what you leave behind.