Fixed Annuities Throughout Madison
Have you started seriously considering your future finances? 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 types of questions need to be asked (and answered) at some point. Retirement Income Strategies is here to help people in Madison, Wisconsin with finding answers to questions regarding financial products. Our financial professionals are here to help you stabilize your financial future.
One of the exciting financial products that we offer in Madison are fixed annuities. Despite the advantages, many people don’t know what fixed annuities are. But don’t let this keep you from pursuing this option. We can teach you about fixed annuities 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 organization, similar to an insurance policy. The individual will be given a lump sum or incremental payments after paying their premium for a predetermined schedule. With a fixed annuity, the owner receives a locked interest rate for a set period of time. Anyone looking for a low-risk option will appreciate this investment.
Advantages of fixed annuities
Here are some of the great advantages of fixed annuities:
- Security – As an investor, you’re guaranteed to get back what you have invested.
- Tax deferral – Every penny put into your annuity will be free from taxes until your investment is withdrawn.
- Shelter from creditors – In most situations, creditors cannot touch annuity investments. Annuities are safe from probate proceedings.
More Questions? Call Retirement Income Strategies for Answers
If you have any questions about fixed annuities in Madison or you’d like to set up a consultation, please call our office today.