Does the health of your finances lead to sleepless nights? Do you want to make a plan to strengthen your retirement and your children’s financial health?
The world of finance is typically complex. Choosing where to put your money and when to do it are two very tough choices. But they’re necessary questions. The goal of Gregory Ricks & Associates is to help people in Metairie with finding answers to these and other queries.
For our Metairie clients, investing in annuities is a great method to plan for the future. But lots of people don’t understand what annuities are or how to get started with one. We can teach you all about your annuity choices, without the need for complex jargon.
In the list below, you will find information about a few types of annuities that are available through Gregory Ricks & Associates.
Through an immediate annuity, the owner will be given payout benefits quickly, or up to 12 months after the contract is set. They are designed for retirees and pre-retirees who are in need of a regular income stream.
By selecting a fixed annuity, the annuity owner receives a set interest rate for a specific time frame. If a person is looking for an option that provides a predictable rate of interest, this may fulfill that requirement.
Fixed Index Annuities
Fixed index annuities have a low guaranteed interest rate plus the possibility of additional interest based on an increase in value of the market index to which it’s linked. They also lock in gains, and can never lose those gains nor any principal, which protects owners from loss.
Variable annuities are a financial investment that are, well, variable. One difference is the death benefit. A specified amount of money will be given to your beneficiary if you pass away before you have received payments from your financial institution.
Annuities and their Riders
Benefits from two or more 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. Talk to your licensed insurance professional for more information on types of annuities.
Finding a Suitable Option For You
As you can tell, annuities come in several “shapes and sizes”. To get the guidance that you to select a suitable annuity, contact an insurance-licensed Metairie financial professional. Please contact us and we will contact you to arrange a meeting with a licensed insurance professional in your area. 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!