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 well-being?
Navigating your finances isn’t easy. Choosing where your hard-earned capital should be placed is a difficult question to answer. But these types of questions must be asked (and answered) eventually. Retirement Income Strategies is here to help people in Madison, WI with finding answers to questions regarding annuities, life insurance, and other financial products. As financial professionals, we will help you balance your financial future.
One of the exciting financial products that we provide in Madison are fixed annuities. Fixed annuities may be a mystery to most people. If you fit this criteria, we can help you. We’ll teach you all about fixed annuities and help you decide if it is the right choice for you.
What are fixed annuities?
An annuity, similar to life insurance, is an agreement between a person and a financial organization. The individual pays a premium that will, at a predetermined date, be returned back 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
Fixed annuities have been lauded for years as a unique investment strategy that includes major benefits. Here are a few:
- Safety – You know exactly what to expect with this kind of investment.
- Tax deferral – Every cent put into your annuity will be safe from taxes until your investment is withdrawn.
- Shelter from creditors – Annuities cannot be touched by creditors in most situations and are safe from probate proceedings.
More Questions? Call Retirement Income Strategies for Answers
If you have any questions about fixed annuities in Madison or want to set up a consultation, please call our office today.