Fixed Annuities Throughout Fitchburg
Have you started seriously considering your future finances? Have you developed a plan that includes your own retirement and the financial status of your children?
It’s not easy to figure out your own finances. Determining where your money should be placed is a hard question to answer. Retirement Income Strategies is here to help people in Fitchburg, WI with finding answers to questions regarding financial products, such as annuities and life insurance. As financial professionals, we’ll help you balance your financial future.
For many of our clients in Fitchburg, investing in fixed annuities may be the best way to plan for the future. The specifics of a fixed annuity may be unfamiliar to most people. Our team will help you learn about this product and work with you to determine if it is a good fit.
What are fixed annuities?
An annuity, much like life insurance, is an agreement between an individual and a financial organization. The owner of the annuity will receive a lump sum or incremental payments after paying their premium for a predetermined schedule. A fixed annuity comes with an interest rate that is locked in (for a certain period of time) when the investment is agreed upon. Anyone looking for a low-risk, predictable option will appreciate this investment.
Benefits of fixed annuities
Fixed annuities have been lauded for years as a effective investment strategy that includes major advantages. Here are a few:
- Low-risk investment – Unlike many investments, ou’re certain to get back the money that you have invested.
- Tax deferral – Every cent invested into your annuity will be free from taxes until the day the investment is withdrawn.
- Shelter from creditors – In most cases, creditors are barred from annuity investments. Annuities are absolutely safe from probate proceedings.
Ready to learn more about fixed annuities in Fitchburg? Please contact our office today.