Fixed Annuities Throughout Madison
Are you thinking about what your finances will look like in the future? Do you have a retirement plan that includes your children’s financial future?
Navigating the world of finance isn’t simple. It’s not easy to decide when and where you will invest your money. But these types of questions must be asked (and answered) at some point. If you are looking for help finding the answer to questions about financial products, Retirement Income Strategies can offer assistance. Our financial professionals are here to help you create a brighter financial future.
Fixed annuities are a great choice that our clients have chosen to plan for their future. Fixed annuities may be unfamiliar to the general public. If you fit this criteria, we can help. We’ll teach you all about fixed annuities and help you determine if it is a good fit for you.
What are fixed annuities?
Annuities function as a contract between a person and a financial institution, similar to an insurance policy. The individual pays a premium that will, at a predetermined time, be returned to the individual with the additional value of the investment. Fixed annuities received their name from their included interest rates that are locked in at the time of purchase. This gives the owner an option that is safe and predictable.
Benefits of fixed annuities
Fixed annuities have been lauded for years as a effective investment strategy accompanied by major benefits. Here are a few of them:
- Safety – You know exactly what to expect with this kind of investment.
- Tax deferral – Your money won’t be taxed until the day you withdraw your investment.
- Shelter from creditors – Annuities cannot be touched by creditors in most situations and 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 schedule a consultation, please call our office today.