Fixed Annuities Throughout Madison
Have your finances been on your mind a lot lately? Do you have a retirement plan that includes your children’s well-being?
Navigating your finances isn’t easy. It can also be quite stressful to decide where and when you need to keep your savings. But these are questions should be asked (and answered) at some point. If you are looking for help finding answer to these questions, Retirement Income Strategies can offer help. As financial professionals, we’ll help you secure your financial future.
Fixed annuities are a option that several of our clients have chosen to plan for their future. Fixed annuities may be a mystery to the general public. If you fit this criteria, we can help. We’ll teach you all about fixed annuities and help you decide if it is a good fit for you.
What are fixed annuities?
Like life insurance, annuities function as an agreement between a financial organization and an individual. After paying a premium, the owner of the annuity will be given a lump sum or incremental payments. Fixed annuities get their name from their interest rates that are locked in at the time of purchase. Anyone looking for a low-risk option will appreciate this investment.
Benefits of fixed annuities
Included below are a few of the great benefits of fixed annuities:
- Predictability – With a fixed interest rate, you know what to expect down the road.
- Tax deferral – Fixed annuities are tax-deferred investments, which means this money will not be taxed until until the investment is withdrawn.
- Shelter from creditors – Annuity investments cannot be touched by creditors in most situations and are safe from probate proceedings.
Want to learn more about fixed annuities? Please contact our office in Madison today.