Fixed Annuities Throughout Madison
Have you started seriously considering your financial future? Do you have a plan for retirement that includes your children’s well-being?
It’s not simple to navigate the world of finances. Deciding where your savings should be placed is a hard question to answer. Retirement Income Strategies helps people in Madison, Wisconsin with finding answers to questions regarding annuities, life insurance, and other financial products. As financial professionals, we will help you stabilize your financial future.
Fixed annuities are a great choice that our clients have chosen in order to plan for their future. Despite the advantages, many people don’t know what fixed annuities are. But don’t let this dissuade you from pursuing this option. We will teach you about this product and help you decide if it is the best option.
What are fixed annuities?
Similar to life insurance, annuities function as a contract between a financial organization and an individual. The owner of the annuity pays a premium that will, at a predetermined time, be returned back to the individual in a lump sum or as incremental payments. Fixed annuities received their name from their included interest rates that are locked in at the time of purchase. Anyone looking for a low-risk, predictable option will appreciate this investment.
Advantages of fixed annuities
Fixed annuities have many great advantages that make them an attractive investment opportunity. Here are a few of them:
- Security – You get a fixed interest rate and guaranteed return on investment.
- Tax deferral – Every cent put into your annuity will be free from taxes until the day you withdraw your investment.
- Shelter from creditors – Annuity investments are safe from probate proceedings and cannot be touched by creditors in most situations.
More Questions? Call Retirement Income Strategies for Answers
Please call our office today to schedule a consultation and learn more about fixed annuities in Madison.