Fixed Annuities Throughout Middleton
Have your finances been on your mind a lot lately? Have you thought about how you will plan for your future to ensure a stress-free retirement and a future for your children that’s financially stable?
It takes time and patience to navigate the world of finances. Deciding where your hard-earned capital should be placed is a difficult question to answer. At Retirement Income Strategies in Middleton, WI, we help people find the answers to these and many other questions about annuities, life insurance, and other financial products. As financial professionals, we will help you secure your financial future.
For many of our clients in Middleton, investing in fixed annuities is a great choice for planning for the future. Like other annuities, the specifics of a fixed annuity can be unfamiliar to many people. But don’t let this dissuade you from pursuing this option. We can teach you about this product and help you determine if it is the best option.
What are fixed annuities?
An annuity, similar to an insurance policy, is a contract between an individual and a financial institution. The owner of the annuity will receive a lump sum or incremental payments after paying their premium for a predetermined time frame. Fixed annuities received their name from their interest rates that are locked in at the time of purchase. This is is ideal for anyone looking for an investment that has minimal risk.
Advantages of fixed annuities
Fixed annuities have been touted for years as a unique investment strategy that includes incredible advantages. Here are a few:
- Safety – As the investor, you’re guaranteed to get back what you have invested.
- Tax deferral – Every penny invested into your annuity will be free from taxes until the day your investment is withdrawn.
- Shelter from creditors – In most cases, creditors are barred from annuity investments. Annuities are absolutely safe from probate proceedings.
More Questions? Call Retirement Income Strategies for Answers
Please call our Middleton office today to schedule a consultation and learn more about fixed annuities.