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?
Navigating your finances isn’t easy. It’s not easy to figure out when and where you will invest your money. At Retirement Income Strategies, we help our clients discover the answers to these and many other questions about annuities, life insurance, and other financial products. Our financial professionals are here to help you create a brighter financial future.
Fixed annuities are a great option that many of our clients have chosen to plan for their future. Fixed annuities may be unfamiliar to most people. If you fit this criteria, we can help you. We’ll teach you about fixed annuities and help you decide if it is a good fit for you.
What are fixed annuities?
Like life insurance, annuities work as an agreement between a financial organization and an individual. The owner of the annuity pays a premium that will, at a predetermined date, be returned to the individual in a lump sum or as incremental payments. With fixed annuities, the owner is given a locked interest rate for a specified length of time. This provides the owner with safety and predictability.
Benefits of fixed annuities
Here are a few of the benefits of fixed annuities:
- Predictability – You know exactly what to expect with this kind of investment.
- Tax deferral – Your money won’t be taxed until your investment is withdrawn.
- Shelter from creditors – Annuity investments are safe from probate proceedings and cannot be touched by creditors in most situations.
Please contact our Madison office today to arrange a consultation and learn more about fixed annuities.