Fixed Annuities Throughout Fitchburg
Have you started seriously considering your future finances? Have you thought about how you will plan for your future to ensure a stress-free retirement and a future for your family that’s financially sound?
It takes a lot of hard work to navigate the world of finances. It can also be stressful to decide where and when you need to place your savings. But these are questions need to be asked (and answered) at some point. At Retirement Income Strategies in Fitchburg, WI, we help our clients find the answers to these and many other questions about annuities, life insurance, and other financial products. Our financial professionals will work together with you to secure your financial future.
One of the exciting financial products that we offer in Fitchburg are fixed annuities. Despite the advantages, many people don’t know what fixed annuities are. Our team can help you learn about this product and work with you to decide if it is the right choice.
What are fixed annuities?
An annuity, similar to an insurance policy, is a contract between an individual and a financial institution. The individual will be given a lump sum or incremental payments after paying their premium for a predetermined time. A fixed annuity comes with an interest rate that is locked in (for a certain period of time) when the investment is agreed upon. This is is great for someone looking for an investment that is safe and low-risk.
Advantages of fixed annuities
Here are some of the advantages of fixed annuities:
- Security – As the investor, you’re guaranteed to get back what you have invested.
- Tax deferral – Every penny put into your annuity will be safe from taxes until you withdraw your investment.
- Shelter from creditors – In most cases, 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 in Fitchburg? Please call our office today.