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Fixed Annuities Throughout Metairie

Are you contemplating what your finances will look like down the road? Have you come up with a plan that includes your retirement and the financial status of your entire family?

It takes a lot of hard work to navigate the world of finances. It can also be stressful to figure out where and when you need to keep your savings. Gregory Ricks & Associates helps people in Metairie, La with finding answers to questions regarding financial products, such as annuities and life insurance. As financial advisors, we’ll help you balance your financial future.

Fixed annuities are one a great option that many of our clients have chosen to plan for their future. Like other annuities, fixed annuities are unfamiliar to many people. Our team can help you learn about this product and work with you to decide if it is a good fit.

What Are Fixed Annuities?

Annuities work as an agreement between a person and a financial institution, similar to an insurance policy. The owner of the annuity will be given a lump sum or incremental payments after paying their premium for a predetermined timeframe. With a fixed annuity, the owner is given a locked interest rate for a certain length of time. This option is great for someone looking for an investment that has minimal risk.

Benefits of Fixed Annuities

Fixed annuities have been touted for years as a effective investment strategy that includes incredible advantages. Here are a few of them:

  • A safe investment – With a fixed interest rate, you know what to expect down the road.
  • Tax deferral – Every cent put into your annuity will be free from taxes until the day you withdraw your investment.
  • Shelter from creditors – Annuities are safe from probate proceedings and cannot be touched by creditors in most situations.

Contact Us

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