Fixed Annuities Throughout Verona
Has your financial future been on your mind a lot lately? Have you developed a plan that includes your retirement and the financial well-being of your entire family?
It takes effort and patience to figure out your own finances. It’s not easy to decide when and where you will invest your money. But these types of questions need to be asked (and answered) at some point. If you’re searching for answers to questions about financial products, such as annuities and life insurance, Retirement Income Strategies is here to offer help. Our financial professionals will do what they can to secure your financial future.
For many of our Verona clients, investing in fixed annuities may be the best way to plan for the future. Despite the advantages, many people don’t know what fixed annuities are. Our staff will help you learn about this product and work with you to decide if it is a good fit.
What are fixed annuities?
Annuities work as an agreement between a person and a financial organization, similar to an insurance policy. The individual pays a premium that will, at a predetermined date, be returned back to the individual in a lump sum or as incremental payments. With a fixed annuity, the owner gets a locked interest rate for a set length of time. This provides the owner with safety and predictability.
Advantages of fixed annuities
Fixed annuities have been lauded for years as a effective investment strategy that includes incredible benefits. Here are a few of them:
- Safety – Unlike many investments, you’re certain to get back the money that you have invested.
- Tax deferral – Fixed annuities are tax-deferred, which means this money will not be taxed until the investment is withdrawn.
- Shelter from creditors – In most cases, creditors are barred from annuity investments. Annuities are absolutely safe from probate proceedings.
If you have questions about fixed annuities or want to set up a consultation, contact our Verona office.