Fixed Annuities Throughout Madison
Are you contemplating what your finances will look like in the future? Have you thought about how you will plan for your future to make sure you have a stress-free retirement and a future for your kids that’s financially sound?
It takes a lot of hard work to navigate the world of finances. Determining where your money should be placed is a difficult question to answer. Retirement Income Strategies helps people in Madison, Wisconsin with finding answers to questions about financial products. Our financial professionals will work together with you to secure 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 dissuade you from pursuing this option. We can teach you about this product and help you decide if it is the best option.
What are fixed annuities?
An annuity, much like an insurance policy, is a contract between an individual and a financial organization. After paying a premium, the individual will be given a lump sum or incremental payments. A fixed annuity comes with an interest rate that is locked in (for a set period of time) when the investment is made. This gives the owner an option that is safe and predictable.
Advantages of fixed annuities
Included below are some of the great advantages of fixed annuities:
- Security – Unlike some investments, you’re certain to receive the money that you have invested.
- Tax deferral – Your money won’t be taxed until your investment is withdrawn.
- Shelter from creditors – In most situations, creditors are barred from annuity investments. Annuities are safe from probate proceedings.
More Questions? Call Retirement Income Strategies for Answers
Please contact our Madison office today to schedule a consultation and learn more about fixed annuities.