Fixed Annuities Throughout Verona
Has your financial future been on your mind a lot lately? Have you thought about how you will plan for your future to make sure you have 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 money should be placed is a difficult question to answer. But these types of questions should be asked (and answered) at some point. Retirement Income Strategies helps people in Verona, WI with finding answers to questions about annuities, life insurance, and other financial products. As financial professionals, we will help you secure your financial future.
One of the great financial products that we provide in Verona are fixed annuities. Like all annuities, fixed annuities are unfamiliar to many people. Our team can help you learn about this product and work with you to decide if it is a good fit.
What are fixed annuities?
Annuities operate as a contract between an individual and a financial institution, similar to an insurance policy. The individual will be given a lump sum or incremental payments after paying their premium for a predetermined time frame. With fixed annuities, the owner receives a locked interest rate for a specified length of time. This option is great for someone looking for an investment that is safe and low-risk.
Benefits of fixed annuities
Fixed annuities have been lauded for years as a effective investment strategy accompanied by major benefits. Here are a few:
- Low-risk investment – As an investor, you’re guaranteed to receive your investment in the future.
- Tax deferral – Fixed annuities are tax-deferred, which means this money won’t be taxed until you withdraw your investment.
- Shelter from creditors – In most cases, creditors are barred from annuity investments. Annuities are absolutely safe from probate proceedings.
Contact Retirement Income Strategies
Please call our office today to arrange a consultation and learn more about fixed annuities.