Fixed Annuities Throughout Sun Prairie
Has your financial future been on your mind a lot recently? Do you have a plan for retirement that includes your children’s financial future?
Navigating the world of finance isn’t simple. It’s not easy to figure out when and where you will invest your money. Retirement Income Strategies is here to help people in Sun Prairie, WI with finding answers to questions about financial products. As financial professionals, we will help you balance your financial future.
One of the exciting financial products that we provide in Sun Prairie are fixed annuities. Fixed annuities may be unfamiliar to most people. If you fit this criteria, we can help. We’ll teach you about fixed annuities and help you determine if it is the right choice for you.
What are fixed annuities?
Annuities work as an agreement between an individual 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 made. This gives the owner an option that is safe and predictable.
Advantages of fixed annuities
Here are a few of the great advantages of fixed annuities:
- Safety – With a fixed interest rate, you know what to expect down the road.
- Tax deferral – Every penny put into your annuity will be free from taxes until you withdraw your investment.
- 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 Sun Prairie office today to schedule a consultation and learn more about fixed annuities.