Fixed Annuities Throughout Middleton
Have you started seriously considering your financial future? Have you thought about how you will plan for your future to ensure a stress-free retirement and a future for your family that’s financially secure?
It takes a lot of hard work to figure out your own finances. Deciding where your savings should be placed is a hard question to answer. If you are searching for help finding the answer to questions about annuities, life insurance, and other financial products, Retirement Income Strategies is here to offer help. Our financial professionals are here to help you create a brighter financial future.
One of the exciting financial products that we provide in Middleton are fixed annuities. Like other annuities, fixed annuities are unfamiliar to many people. Our team will help you learn about this product and work with you to decide if it is the right choice.
What are fixed annuities?
Annuities function as a contract between an individual and a financial organization, similar to an insurance policy. The owner of the annuity will receive a lump sum or incremental payments after paying their premium for a predetermined time. Fixed annuities get their name from their 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
Included below are some of the great advantages of fixed annuities:
- Safety – With a fixed interest rate, you know what to expect down the road.
- Tax deferral – Fixed annuities are tax-deferred investments, which means this money won’t be taxed until the investment is withdrawn.
- 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
Please call our office today to schedule a consultation and learn more about fixed annuities.