Fixed Annuities Throughout Fitchburg
Has your financial future been on your mind a lot lately? Have you thought about how you will plan for your future to ensure a stress-free retirement and a future for your children that’s financially secure?
Navigating your finances isn’t simple. It can also be stressful to figure out where and when you need to keep your savings. But these types of questions should be asked (and answered) at some point. At Retirement Income Strategies in Fitchburg, WI, we help our clients discover the answers to these and many other questions about annuities, life insurance, and other financial products. Our financial professionals will do what they can to secure your financial future.
Fixed annuities are an option that our clients have chosen to plan for their future. Fixed annuities may be a mystery to most people. If you fit this criteria, we can help you. We’ll teach you about fixed annuities and help you decide if it is the right choice for you.
What are fixed annuities?
An annuity, much like life insurance, is a contract between a person and a financial institution. After making premium payments, the individual will receive a lump sum or incremental payments. A fixed annuity comes with an interest rate that is locked in (for a set period of time) when the investment is agreed upon. This option is ideal for anyone looking for something that has minimal risk.
Benefits of fixed annuities
Here are some of the great advantages of fixed annuities:
- A safe investment – Unlike some investments, you are certain to have your money returned to you.
- Tax deferral – Every penny put into your annuity will be safe from taxes until the day 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
If you have any questions about fixed annuities in Fitchburg or want to schedule a consultation, call our office today.