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Annuities in Metairie

Do you stay up at night worrying about your financial future? Do you want to make a plan to solidify your retirement and your children’s financial health?

The financial world is quite complicated. Choosing where to put your money and when to do it are two very difficult choices. But they are also necessary. The goal of Gregory Ricks & Associates is to help people in Metairie with finding answers to these and other financial questions.

Annuities are often a great investment for our clients in Metairie. But many people don’t understand what an annuity is or where to find one. We aim to strip away the complex facts and figures and help you understand the basics of all available annuities.

To help you get going, we’ve placed some information below about a few different types of annuities that you may encounter.

Immediate Annuities

Immediate annuities begin the payout stream to the owner immediately after the contract is issued (or payouts can be triggered up to 12 months later). They are often a good choice for the retiree or pre-retiree who is in need of steady income checks.

Fixed Annuities

Fixed annuities include a “fixed” interest rate that guarantees the interest rate for a specific time frame. If an individual is searching for an option that provides a predictable rate of interest, this may fulfill that requirement.

Fixed Index Annuities

A fixed index annuity has 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

Variable annuities are a financial investment that are, well, variable. 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

Features and/or benefits from various types of annuities can be augmented with rider purchases to better fit your needs. The annuity features discussed here 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 guidance that you to select a suitable annuity, call an insurance-licensed Metairie, La financial professional. Please contact us and we will contact you to schedule a meeting with a local, insurance-licensed financial professional. You will share your retirement needs and goals with them to construct a retirement strategy and determine a suitable choice from all the types of annuities and their riders available to you. Get started now!