Fixed Annuities Throughout Metairie
Have your finances been on your mind a lot recently? Do you have a plan for retirement that includes your children’s financial future?
It’s not simple to figure out your own finances. It can also be stressful to decide where and when you need to put your savings. At Gregory Ricks & Associates in Metairie, La, we help our clients discover the answers to these and many other questions about annuities, life insurance, and other financial products. As financial advisors, we’ll help you secure your financial future.
Fixed annuities are one a great choice that many of our clients have chosen to plan for their future. Fixed annuities may be a mystery to most people. Our team will help you learn about this product and work with you to decide if it is a good fit.
What Are Fixed Annuities?
An annuity, much like life insurance, is an agreement between a person and a financial organization. The individual pays a premium that will, at a predetermined date, be returned back to the individual with the additional value of the investment. With fixed annuities, the owner receives a locked interest rate for a set length of time. This provides the owner with safety and predictability.
Benefits of Fixed Annuities
Here are a few of the benefits of fixed annuities:
- Predictability – Unlike many investments, you’re certain to have your money returned to you.
- Tax deferral – Every penny put into your annuity will be safe from taxes until the day you withdraw your investment.
- Shelter from creditors – In most situations, creditors cannot touch annuity investments. Annuities are safe from probate proceedings.
If you have any questions about fixed annuities in Metairie or you’d like to set up a consultation, please contact our office today.