Fixed Annuities Throughout
Are you contemplating what your finances will look like in the future? Have you thought about how you will plan for your future to ensure a stress-free retirement and a future for your family that’s financially secure?
It takes time and effort to navigate the world of finances. It can also be stressful to figure out where and when you need to invest your savings. But these are questions that need to be asked (and answered) at some point. helps people in , with finding answers to questions about financial products. Our financial professionals are here to help you create a brighter financial future.
One of the great financial products that we offer in are fixed annuities. Like all annuities, fixed annuities are unfamiliar to many people. If you fit this criteria, we can help. We’ll teach you about fixed annuities and help you decide if it is a good fit for you.
What Are Fixed Annuities?
Annuities operate as a contract between a person and a financial institution, similar to an insurance policy. The individual pays a premium that will, at a predetermined date, be returned back to the individual with the additional value of the investment. With fixed annuities, the owner receives a locked interest rate for a set length of time. This provides the owner with safety and predictability.
Advantages of Fixed Annuities
Fixed annuities have been lauded for years as a effective investment strategy accompanied by major advantages. Here are a few:
- A safe investment – You know exactly what to expect with this kind of investment.
- Tax deferral – Fixed annuities are tax-deferred, which means this money won’t be taxed until the investment is withdrawn.
- Shelter from creditors – Annuities are safe from probate proceedings and cannot be touched by creditors in most situations.
More Questions? Call for Answers
If you have questions about fixed annuities in or want to set up a consultation, contact our office today.