Fixed Annuities Throughout Madison
Has your financial future been on your mind a lot recently? Do you have a plan for retirement that includes your children’s financial future?
It takes a lot of hard work to figure out your own finances. Determining where your hard-earned capital should be placed is a difficult question to answer. If you’re looking for help finding the answer to these questions, Retirement Income Strategies is here to offer help. Our financial professionals will work together with you to secure your financial future.
Fixed annuities are a choice that several of our clients have chosen in order to plan for their future. Like other annuities, fixed annuities are unfamiliar to many people. But don’t let this dissuade 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 work as a contract between a person 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 time. A fixed annuity includes 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.
Benefits of fixed annuities
Fixed annuities have been lauded for years as a singularly unique investment strategy accompanied by major benefits. Here are a few of them:
- Safety – As an investor, you’re guaranteed to receive your investment in the future.
- Tax deferral – Fixed annuities are tax-deferred, which means this money will not be taxed until you withdraw your investment.
- 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
Ready to learn more about fixed annuities? Please call our office in Madison today.