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Fixed Annuities Throughout Metairie

Have you begun to seriously consider your future finances? Have you come up with a plan that includes your own retirement and the financial status of your entire family?

Navigating the world of finance isn’t simple. It’s not easy to decide when and where you will invest your money. But these types of questions that should be asked (and answered) at some point. At Gregory Ricks & Associates, we help people find the answers to these and many other questions about annuities, life insurance, and other financial products. As financial advisors, we’ll help you balance your financial future.

Fixed annuities are one a great choice that our clients have chosen in order to plan for their future. Fixed annuities may be a mystery to the general public. If you fit this criteria, we can help you. We’ll teach you all about fixed annuities and help you decide if it is the right choice for you.

What Are Fixed Annuities?

An annuity, much like an insurance policy, is a contract between a person and a financial institution. The individual will receive a lump sum or incremental payments after paying their premium for a predetermined time. A fixed annuity comes with an interest rate that is locked in (for a set period of time) when the investment is agreed upon. This provides the owner with safety and predictability.

Advantages of Fixed Annuities

Included below are some of the great benefits of fixed annuities:

  • Safety – With a fixed interest rate, you know what to expect in the future.
  • Tax deferral – Fixed annuities are tax-deferred investments, which means this money will not be taxed until the day you withdraw your investment.
  • Shelter from creditors – In most situations, creditors are barred from annuity investments. Annuities are absolutely safe from probate proceedings.

Contact Us

Want to learn more about fixed annuities in Metairie? Please call our office today.