Fixed Annuities Throughout Madison
Are you thinking about what your finances will look like down the road? Do you have a plan for retirement that includes your children’s financial future?
Navigating the world of finance isn’t easy. Deciding where your hard-earned capital should be placed is a hard question to answer. But these are questions need to be asked (and answered) eventually. If you’re looking for help finding the answer to questions about financial products, Retirement Income Strategies can offer assistance. As financial professionals, we’ll help you secure your financial future.
Fixed annuities are a great choice that our clients have chosen to plan for their future. Despite the advantages, many people don’t know what fixed annuities are. Our staff can 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 a contract between a person and a financial institution. After paying a premium, the individual will receive a lump sum or incremental payments. A fixed annuity includes an interest rate that is locked in (for a certain period of time) when the investment is made. This is is ideal for someone looking for an investment that is safe and low-risk.
Advantages of fixed annuities
Included below are a few of the great benefits of fixed annuities:
- A safe investment – You know exactly what will happen with this kind of investment.
- Tax deferral – Every penny put into your annuity will be safe from taxes until you withdraw your investment.
- Shelter from creditors – Annuities are safe from probate proceedings and cannot be touched by creditors in most situations.
More Questions? Call Retirement Income Strategies for Answers
Want to learn more about fixed annuities in Madison? Please contact our office today.