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Annuities Assistance for Metairie Area Clients

Do you stay up at night thinking about your financial future? Is it time to make a plan to solidify your retirement and your children’s financial health?

With finances, things are always complex. Learning where to keep your money and deciding when to put it there are two very tough, yet important, questions. The mission of Gregory Ricks & Associates is to help residents in Metairie find answers to these and other financial queries.

Many of our Metairie clients have seen great results from choosing an investment strategy that includes annuities. For many, the particulars of an annuity may be unknown. We will strip away the complexities and help you understand the basics of your annuity choices.

Included below is some helpful info about types of annuities that you can use through Gregory Ricks & Associates.

Immediate Annuities

Immediate annuities begin the payout stream to the owner soon after the contract is issued. They are sometimes referred to as “income annuities” because of the consistent income stream they provide.

Fixed Annuities

Fixed annuities include a “fixed” interest rate that guarantees the interest rate for a specific time frame. These annuities are known for minimal risk and high predictability.

Fixed Index Annuities

Fixed index annuities have a low guaranteed interest rate plus the potential for a higher interest rate based on an increase in value of the market index to which it’s linked. To protect owners from loss, they also can only show gains, which are locked in, and will never lose the owner’s principal or gains.

Variable Annuities

As you may have surmised, there is a lot of unpredictability with variable annuities. The death benefit found in variable annuities is one difference. This death benefit functions by giving a specified amount to your beneficiary if you pass away before the insurer has made payments to you.

Annuities and their Riders

Benefits from multiple types of annuities can be augmented with rider purchases to better fit your needs. The features of these annuities are not mutually exclusive. For example, fixed or index annuities can be immediate or deferred. For more information on these types of annuities, talk to your insurance-licensed professional.

Finding a Suitable Option For You

To get the help that you to select a suitable annuity, talk to an insurance-licensed Metairie financial professional. Please contact us and we will contact you to schedule a meeting with a licensed insurance professional in your area. In this meeting, you will discuss your retirement goals to construct a retirement strategy and select a appropriate choice from all the types of annuities and their riders available. Contact us now to get started!