Fixed Annuities Throughout Madison
Are you contemplating what your finances will look like in the future? Do you have a retirement plan that includes your children’s financial future?
It’s not simple to navigate the world of finances. Determining where your savings should be placed is a difficult question to answer. If you are looking for help finding the answer to questions about financial products, such as annuities and life insurance, Retirement Income Strategies is here to offer help. As financial professionals, we will help you stabilize your financial future.
Fixed annuities are one great choice that our clients have chosen in order to plan for their future. Like all 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 decide if it is the right choice for you.
What are fixed annuities?
An annuity, much like life insurance, is an agreement between an individual and a financial organization. After paying a premium, the owner of the annuity will be given a lump sum or incremental payments. Fixed annuities received their name from their interest rates that are locked in at the time of purchase. Anyone looking for a low-risk option will appreciate this investment.
Advantages of fixed annuities
Included below are some of the great benefits of fixed annuities:
- Security – As an investor, you’re guaranteed to get back what you have invested.
- Tax deferral – Every penny invested into your annuity will be safe from taxes until you withdraw your investment.
- Shelter from creditors – In most cases, creditors cannot touch annuity investments. Annuities are absolutely safe from probate proceedings.
Contact Retirement Income Strategies
Want to learn more about fixed annuities? Please contact our office in Madison today.