Fixed Annuities Throughout Madison
Has your financial future been on your mind a lot recently? Have you planned out your future to ensure a stress-free retirement and a future for your kids that’s financially sound?
It’s not simple to figure out your own finances. Determining where your savings should be placed is a difficult question to answer. But these types of questions should be asked (and answered) eventually. Retirement Income Strategies helps people in Madison, Wisconsin with finding answers to questions regarding financial products, such as annuities and life insurance. Our financial professionals will work together with you to secure your financial future.
For many of our Madison clients, investing in fixed annuities may be the best way to plan for the future. Despite the advantages, many people are unfamiliar with fixed annuities. Our staff 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 an agreement between an individual and a financial institution. After paying a premium, the owner of the annuity will receive a lump sum or incremental payments. With fixed annuities, the owner receives a locked interest rate for a certain length of time. This provides the owner with safety and predictability.
Advantages of fixed annuities
Fixed annuities have been touted for years as a singularly unique investment strategy accompanied by major benefits. Here are a few:
- Security – Unlike many investments, you’re certain to get back the money that you have invested.
- Tax deferral – Every cent invested into your annuity will be free from taxes until the day you withdraw your investment.
- Shelter from creditors – In most situations, creditors cannot touch annuity investments. Annuities are absolutely safe from probate proceedings.
Contact Retirement Income Strategies
Ready to learn more about fixed annuities in Madison? Please contact our office today.