Fixed Annuities Throughout Madison
Have you started seriously considering your future finances? Have you developed a plan that includes your retirement and the financial status of your children?
It takes a lot of hard work to navigate the world of finances. Deciding where your hard-earned capital should be placed is a difficult question to answer. But these types of questions should be asked (and answered) eventually. If you’re looking for help finding the answer to these questions, Retirement Income Strategies is here to offer assistance. As financial professionals, we’ll help you balance your financial future.
Fixed annuities are a great choice that several of our clients have chosen in order to plan for their future. Like other annuities, fixed annuities are unfamiliar to many people. Our team will help you learn about this product and work with you to decide if it is the right choice.
What are fixed annuities?
An annuity, similar to life insurance, is a contract between an individual and a financial organization. The owner of the annuity pays a premium that will, at a predetermined time, be returned to the individual in a lump sum or as incremental payments. A fixed annuity includes an interest rate that is set (for a certain period of time) when the investment is agreed upon. Anyone looking for a low-risk option will appreciate this investment.
Benefits of fixed annuities
Included below are some of the great benefits of fixed annuities:
- Safety – You get a fixed interest rate and guaranteed return on investment.
- Tax deferral – Every penny put into your annuity will be safe from taxes until the investment is withdrawn.
- Shelter from creditors – Annuity investments are safe from probate proceedings and cannot be touched by creditors in most situations.
Contact Retirement Income Strategies
Please call our office in Madison today to schedule a consultation and learn more about fixed annuities.