Fixed Annuities Throughout Middleton
Are you thinking about what your finances will look like in the future? Have you created a plan that includes your own retirement and the financial well-being of your entire family?
Navigating your finances isn’t simple. It can also be quite stressful to figure out where and when you need to put your hard-earned money. But these are questions must be asked (and answered) at some point. Retirement Income Strategies is here to help people in Middleton, WI with finding answers to questions about financial products, such as annuities and life insurance. Our financial professionals are here to help you create a brighter financial future.
Fixed annuities are a choice that our clients have chosen to plan for their future. Fixed annuities may be unfamiliar to most people. But don’t let this dissuade you from pursuing this option. We will teach you about fixed annuities and help you determine if it is a good choice for you.
What are fixed annuities?
Annuities operate as a contract between a person and a financial institution, similar to an insurance policy. The individual pays a premium that will, at a predetermined time, be returned back to the individual with the additional value of the investment. A fixed annuity comes with an interest rate that is “fixed” (for a set period of time) when the investment is agreed upon. This is is ideal for someone looking for something that has minimal risk.
Advantages of fixed annuities
Included below are a few of the advantages of fixed annuities:
- Low-risk investment – Unlike many investments, you are certain to receive the money that you have invested.
- Tax deferral – Every cent invested into your annuity will be safe from taxes until your investment is withdrawn.
- Shelter from creditors – In most situations, creditors cannot touch 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 you’d like to set up a consultation, contact our office in Middleton.