Fixed Annuities Throughout Verona
Are you thinking about what your finances will look like down the road? Have you come up with a plan that includes your retirement and the financial well-being of your children?
Navigating your finances isn’t simple. It’s not easy to figure out when and where you will invest your money. If you’re looking for help finding the answer to questions about financial products, such as annuities and life insurance, Retirement Income Strategies is here to offer help. As financial professionals, we will help you stabilize your financial future.
For many of our clients in Verona, investing in fixed annuities is a great choice for planning for the future. Despite the advantages, many people are unfamiliar with fixed annuities. If you fit this criteria, we can help. We’ll teach you about fixed annuities and help you determine if it is a good fit for you.
What are fixed annuities?
An annuity, much like an insurance policy, is a contract between a person and a financial organization. The individual will receive a lump sum or incremental payments after paying their premium for a predetermined time frame. With a fixed annuity, the owner is given a locked interest rate for a certain period of time. This is is ideal for anyone looking for something that has minimal risk.
Benefits of fixed annuities
Here are a few of the advantages of fixed annuities:
- A safe investment – With a fixed interest rate, you know what to expect down the road.
- Tax deferral – Your money will not be taxed until the day you withdraw your investment.
- Shelter from creditors – In most situations, creditors are barred from annuity investments. Annuities are absolutely safe from probate proceedings.
Ready to learn more about fixed annuities? Please call our office in Verona today.