Fixed Annuities Throughout Verona
Have you started seriously considering your future finances? Do you have a retirement plan that includes your children’s financial future?
Navigating your finances isn’t simple. It can also be quite stressful to decide where and when you need to invest your hard-earned money. If you’re searching for answers to these questions, Retirement Income Strategies is here to offer help. As financial professionals, we will help you secure your financial future.
For many of our clients in Verona, investing in fixed annuities is a great choice for planning for the future. Like all annuities, the specifics of a fixed annuity can be unfamiliar to many people. But don’t let this keep you from pursuing this option. We can teach you about fixed annuities and help you determine if it is the best option.
What are fixed annuities?
Annuities work as a contract between a person and a financial organization, similar to an insurance policy. After paying a premium, the owner of the annuity will be given a lump sum or incremental payments. Fixed annuities get their name from their interest rates that are locked in at the time of purchase. Anyone looking for a low-risk, predictable option will appreciate this investment.
Benefits of fixed annuities
Here are a few of the great benefits of fixed annuities:
- A safe investment – You know exactly what to expect with this kind of investment.
- Tax deferral – Your money won’t be taxed until the day you withdraw your investment.
- Shelter from creditors – Annuities are safe from probate proceedings and cannot be touched by creditors in most situations.
Contact Retirement Income Strategies
If you have questions about fixed annuities in Verona or you’d like to schedule a consultation, contact our office today.