Fixed Annuities Throughout Madison
Has your financial future been on your mind a lot lately? Have you planned out your future to ensure a stress-free retirement and a future for your family that’s financially stable?
Navigating your finances isn’t simple. Deciding where your hard-earned capital should be placed is a difficult question to answer. But these types of questions must be asked (and answered) eventually. At Retirement Income Strategies, we help people 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.
One of the exciting financial products that we offer in Madison are fixed annuities. The specifics of a fixed annuity may be a mystery to the general public. Our team can help you learn about this product and work with you to determine if it is a good fit.
What are fixed annuities?
Annuities function as a contract between a person and a financial institution, similar to an insurance policy. The owner of the annuity will be given a lump sum or incremental payments after paying their premium for a predetermined timeframe. A fixed annuity comes with an interest rate that is set (for a set period of time) when the investment is made. This provides the owner with safety and predictability.
Advantages of fixed annuities
Here are some of the benefits of fixed annuities:
- Security – You know exactly what to expect with this kind of investment.
- Tax deferral – Every cent invested into your annuity will be safe from taxes until the day the investment is withdrawn.
- Shelter from creditors – In most cases, creditors are barred from annuity investments. Annuities are safe from probate proceedings.
Contact Retirement Income Strategies
Please call our Madison office today to schedule a consultation and learn more about fixed annuities.