Annuities Assistance for Metairie Area Clients
Do you stay awake at night thinking about your financial future? Are you ready to make a plan to strengthen your retirement and your children’s financial health?
Financial matters always tend to be complicated. Knowing where to keep your money and deciding when to put it there are two very difficult, yet essential, questions. At Gregory Ricks & Associates in Metairie, we help people find the answers to these and many other financial and insurance-related queries.
For many of our Metairie clients, investing in annuities is a great method to plan for their future. But many people don’t understand what an annuity is or how to get started with one. As your financial professional, we hope to reveal what annuities are all about without bogging you down with complex equations.
Included below is some helpful info about various annuities that you can use through Gregory Ricks & Associates.
An immediate annuity is one that begins 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 include a “fixed” interest rate that guarantees the rate of interest for a specific time frame. These annuities feature low 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 from loss, they also can only show gains, which are locked in, and will never lose the owner’s principal or gains.
It won’t be a surprise that there is a lot of unpredictability involved with variable annuities. Variable annuities provide a death benefit. A specified amount will be given to your beneficiary if you pass away before you have received payments from your financial company.
Annuities and their Riders
Features and/or benefits from multiple 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. Talk to your licensed insurance professional for more information on types of annuities.
Finding a Suitable Option For You
As you can see, annuities come in several “shapes and sizes”. Contacting a licensed Metairie, La insurance professional can be a good way to truly understand annuities, determine if one might fit into your retirement strategy, and, if so, find a suitable annuity and riders for you. By contacting us, you can schedule your first meeting with an insurance-licensed financial professional. In this meeting, you will discuss your retirement goals to construct a retirement strategy and select a suitable choice from all the types of annuities and their riders available. Contact us now to get started!