Fixed Annuities Throughout De Forest
Are you contemplating what your finances will look like in the future? Have you thought about how you will plan for your future to make sure you have a stress-free retirement and a future for your family that’s financially sound?
It’s not simple to navigate the world of finances. It’s not easy to determine when and where you will invest your money. But these are questions need to be asked (and answered) at some point. At Retirement Income Strategies, we help our clients discover the answers to these and many other questions about financial products. Our financial professionals are here to help you stabilize your financial future.
Fixed annuities are an option that our clients have chosen in order to plan for their future. The specifics of a fixed annuity may be a mystery to most people. But don’t let this dissuade you from pursuing this option. We can teach you about fixed annuities and help you determine if it is the best option.
What are fixed annuities?
Like life insurance, annuities operate as a contract between a financial institution and an individual. The individual pays a premium that will, at a predetermined date, be returned to the individual with the additional value of the investment. With fixed annuities, the owner is given a locked interest rate for a set period of time. This is is great for anyone looking for an investment that has minimal risk.
Advantages of fixed annuities
Included below are some of the great advantages of fixed annuities:
- Predictability – You know exactly what will happen with this kind of investment.
- Tax deferral – Every cent invested into your annuity will be free from taxes until you withdraw your investment.
- 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
Ready to learn more about fixed annuities? Please call our office in De Forest today.