Fixed Annuities Throughout Sun Prairie
Have you started seriously considering your financial future? Have you created a plan that includes your retirement and the financial status of your entire family?
It’s not easy to navigate the world of finances. It’s not easy to figure out when and where you will invest your money. Retirement Income Strategies helps people in Sun Prairie, WI with finding answers to questions about financial products, such as annuities and life insurance. Our financial professionals will work together with you to secure your financial future.
One of the great financial products that we provide in Sun Prairie are fixed annuities. Despite the advantages, many people don’t know what fixed annuities are. But don’t let this dissuade you from pursuing this option. We can teach you about this product and help you decide if it is the best option.
What are fixed annuities?
Similar to an insurance policy, annuities work as an agreement between a financial organization and an individual. The owner of the annuity will receive a lump sum or incremental payments after paying their premium for a predetermined time. A fixed annuity comes with an interest rate that is set (for a certain period of time) when the investment is made. This is is ideal for someone looking for something that is safe and low-risk.
Advantages of fixed annuities
Fixed annuities have several great advantages that make them a productive investment option. Here are some of them:
- Safety – As an investor, you’re guaranteed to get back what you have invested.
- Tax deferral – Every penny put into your annuity will be safe from taxes until the day you withdraw your investment.
- Shelter from creditors – In most cases, creditors cannot touch annuity investments. Annuities are safe from probate proceedings.
Contact Retirement Income Strategies
Want to learn more about fixed annuities? Please call our office in Sun Prairie today.