Fixed Annuities Throughout De Forest
Have you begun to seriously consider your financial future? Have you developed a plan that includes your own retirement and the financial well-being of your children?
Navigating the world of finance isn’t easy. Determining where your hard-earned capital should be placed is a hard question to answer. At Retirement Income Strategies in De Forest, WI, we help people discover the answers to these and many other questions about 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 are unfamiliar with fixed annuities. 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?
An annuity, similar to an insurance policy, is an agreement between a person and a financial organization. The owner of the annuity will be given a lump sum or incremental payments after paying their premium for a predetermined time frame. Fixed annuities get their name from their interest rates that are locked in at the time of purchase. This is is ideal for someone looking for something that is safe and low-risk.
Benefits of fixed annuities
Included below are a few of the great benefits of fixed annuities:
- Safety – With a fixed interest rate, you know what to expect down the road.
- Tax deferral – Every cent invested into your annuity will be free from taxes until the day your investment is withdrawn.
- 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
Want to learn more about fixed annuities in De Forest? Please contact our office today.