Fixed Annuities Throughout Madison
Has your financial future been on your mind a lot recently? Do you have a plan for retirement that includes your children’s financial future?
It’s not simple to figure out your own finances. It’s not easy to determine when and where you will invest your money. At Retirement Income Strategies in Madison, Wisconsin, we help our clients discover the answers to these and many other questions about annuities, life insurance, and other financial products. As financial professionals, we will help you stabilize your financial future.
For many of our clients in Madison, investing in fixed annuities is a great choice for planning for the future. Like other annuities, the specifics of a fixed annuity can be unfamiliar to many people. But don’t let this keep you from pursuing this option. We can teach you about this product and help you decide if it is a good choice for you.
What are fixed annuities?
Annuities operate as a contract between an individual and a financial institution, similar to an insurance policy. The individual will be given a lump sum or incremental payments after paying their premium for a predetermined timeframe. Fixed annuities received their name from their included interest rates that are locked in at the time of purchase. This gives the owner an option that is safe and predictable.
Advantages of fixed annuities
Fixed annuities have been touted for years as a effective investment strategy that includes incredible benefits. Here are some of them:
- A safe investment – As an investor, you’re guaranteed to receive your investment in the future.
- Tax deferral – Every cent invested into your annuity will be free from taxes until the day the investment is withdrawn.
- Shelter from creditors – In most situations, creditors cannot touch annuity investments. Annuities are absolutely safe from probate proceedings.
More Questions? Call Retirement Income Strategies for Answers
Ready to learn more about fixed annuities? Please contact our office in Madison today.