Fixed Annuities Throughout Madison
Have your finances been on your mind a lot recently? Do you have a retirement plan that includes your children’s financial future?
Navigating your finances isn’t simple. Deciding where your hard-earned capital should be placed is a difficult question to answer. Retirement Income Strategies helps people in Madison, WI with finding answers to questions about annuities, life insurance, and other financial products. As financial professionals, we will help you stabilize your financial future.
Fixed annuities are a great option that our clients have chosen in order to plan for their future. Despite the advantages, many people are unfamiliar with fixed annuities. But don’t let this dissuade you from pursuing this option. We can teach you about fixed annuities and help you decide if it is a good choice for you.
What are fixed annuities?
Annuities work as an agreement between a person and a financial organization, similar to an insurance policy. The individual pays a premium that will, at a predetermined date, be returned back to the individual with the additional value of the investment. A fixed annuity includes an interest rate that is set (for a certain period of time) when the investment is agreed upon. Anyone looking for a low-risk option will appreciate this investment.
Advantages of fixed annuities
Fixed annuities have several great benefits that make them a productive investment option. Here are a few:
- Predictability – With a fixed interest rate, you know what to expect in the future.
- Tax deferral – Your money won’t be taxed until the day you withdraw your investment.
- Shelter from creditors – In most situations, creditors are barred from annuity investments. Annuities are safe from probate proceedings.
More Questions? Call Retirement Income Strategies for Answers
If you have any questions about fixed annuities or want to set up a consultation, call our office in Madison.