Are you searching for a product to secure your financial future? Is it time to quit procrastinating and plan for your retirement and your children’s future?
The financial world is quite complicated. Choosing where to put your money and when to move forward are two very difficult choices. But they’re necessary questions. At Gregory Ricks & Associates in Metairie, we help residents find answers to these and many other questions.
Many of our clients in Metairie have seen great benefits from choosing an investment strategy that includes annuities. But if you are like most people, you may not know what an annuity is or how to find one. We will strip away the complex facts and figures and help you understand the basics of all available annuities.
Included below is some helpful information about various annuities that you can use through Gregory Ricks & Associates.
Through an immediate annuity, the owner will receive payout benefits quickly, or up to 12 months after the contract is set. They are often a good choice for the retiree or pre-retiree who is in need of steady income checks.
By choosing a fixed annuity, the annuity owner receives a set interest rate for a specific time frame. If an individual is searching for an option that provides predictability, this may fulfill that requirement.
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 from loss, they also can only show gains, which are locked in, and will never lose the owner’s principal or gains.
A variable annuity is a financial investment that is, well, variable. The death benefit found in variable annuities is one difference. If you die before the insurance company has made payments to you, your beneficiary will be given a specified amount.
Annuities and their Riders
Features from two or more 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
Talking to a licensed Metairie insurance professional can be a good way to truly understand types of annuities, determine if one might fit into your retirement strategy, and, if so, find a suitable annuity and riders for you. Please contact us and we will contact you to schedule a meeting with a local, insurance-licensed financial professional. In this meeting, you will share your retirement needs and goals with them to construct a retirement strategy and find a appropriate choice from all the types of annuities and their riders available to you. Contact us now to get started!