Fixed Annuities Throughout Fitchburg
Has your financial future been on your mind a lot recently? Do you have a retirement plan that includes your children’s well-being?
Navigating your finances isn’t easy. Deciding where your savings should be placed is a hard question to answer. If you are searching for answers to these questions, Retirement Income Strategies can offer assistance. Our financial professionals will work together with you to secure your financial future.
For many of our Fitchburg clients, investing in fixed annuities may be the best way to plan for the future. The specifics of a fixed annuity may be a mystery to most people. Our team can help you learn about this product and work with you to determine if it is a good fit.
What are fixed annuities?
Annuities work as a contract between an individual and a financial organization, similar to an insurance policy. The individual pays a premium that will, at a predetermined date, be returned to the individual with the additional value of the investment. Fixed annuities get their name from their included interest rates that are locked in at the time of purchase. Anyone looking for a low-risk, predictable option will appreciate this investment.
Advantages of fixed annuities
Included below are some of the advantages of fixed annuities:
- Low-risk investment – You know exactly what will happen with this kind of investment.
- Tax deferral – Your money will not be taxed until the day the investment is withdrawn.
- 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
If you have questions about fixed annuities in Fitchburg or you’d like to schedule a consultation, call our office today.