Fixed Index Annuities
As scientific knowledge has advanced, people have started living longer. Now is the time to start preparing for the future and improving your future security. This can be achieved with the help of fixed index annuities.
Speak with the financial professionals at to learn more about fixed index annuities. We have helped numerous people in the area with securing their future.
What Are Fixed Index Annuities?
Annuities are similar to other retirement investments and share the goal of helping you and your family achieve long-term financial security. But they have a few unique qualities.
To start, we’ll talk a little bit about annuities in general. They come in four basic formats: variable, immediate, fixed, and fixed index annuity. They all share certain attributes. Annuities are a contract between an individual and a financial institution. The person pays a premium that will, at a predetermined time, be returned back to the individual in a lump sum or as incremental payments. Any money placed into an annuity is tax deferred.
So how do fixed index annuities differ from other choices? Fixed index annuities are tied to a specific financial index, like Nasdaq of the S&P 500. People choose this kind of annuity because there is the ability to make a greater return than with other options. Most types of retirement investments pay back the premium plus a small amount of interest. Fixed index annuities have the potential to earn a higher interest rate with less exposure to risks associated with the stock market.
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If you have any questions regarding fixed index annuities or you’d like to set up a personalized consultation, please contact our office.