Fixed Annuities Throughout Fitchburg
Are you thinking about what your finances will look like down the road? 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 secure?
It’s not easy to figure out your own finances. It’s not easy to decide when and where you will invest your money. But these are questions should 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 annuities, life insurance, and other financial products. As financial professionals, we’ll help you balance your financial future.
Fixed annuities are a great option that several of our clients have chosen to plan for their future. Like other annuities, the specifics of a fixed annuity can be unfamiliar to many people. If you fit this criteria, we can help you. We’ll teach you about fixed annuities and help you determine if it is the right choice for you.
What are fixed annuities?
Like an insurance policy, annuities function as an agreement between a financial organization and an individual. After paying a premium, the individual will be given a lump sum or incremental payments. Fixed annuities received their name from their included interest rates that are locked in at the time of purchase. This option is great for someone looking for something that has minimal risk.
Benefits of fixed annuities
Here are some of the great benefits of fixed annuities:
- Safety – You know exactly what to expect with this kind of investment.
- 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 absolutely safe from probate proceedings.
If you have questions about fixed annuities in Fitchburg or you’d like to schedule a consultation, please call our office today.