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Fixed Annuities Throughout Metairie

Have your finances been on your mind a lot recently? Do you have a retirement plan that includes your children’s financial future?

It takes time and effort to navigate the world of finances. Choosing where your savings should be placed is a difficult question to answer. If you’re looking for answers to questions about financial products, Gregory Ricks & Associates can offer help. Our financial advisors will do what they can to secure your financial future.

For many of our Metairie clients, investing in fixed annuities may be the best way to plan for the future. Fixed annuities may be a mystery to the general public. Our team will help you learn about this product and work with you to determine if it is the right choice.

What Are Fixed Annuities?

Similar to an insurance policy, annuities operate as an agreement between a financial institution and an individual. After making premium payments, the owner of the annuity will receive a lump sum or incremental payments. A fixed annuity includes an interest rate that is set (for a certain period of time) when the investment is made. This provides the owner with safety and predictability.

Benefits of Fixed Annuities

Fixed annuities have been touted for years as a unique investment strategy that includes major benefits. Here are some of them:

  • Security – You get a fixed interest rate and guaranteed return on investment.
  • Tax deferral – Every cent invested into your annuity will be safe from taxes until the day the investment is withdrawn.
  • Shelter from creditors – Annuities are safe from probate proceedings and cannot be touched by creditors in most situations.

More Questions? Call Gregory Ricks & Associates for Answers

If you have questions about fixed annuities in Metairie or you’d like to schedule a consultation, call our office today.