Fixed Annuities Throughout Metairie
Have you started seriously considering your financial future? Have you created a plan that includes your own retirement and the financial status of your children?
Navigating your finances isn’t easy. Choosing where your hard-earned capital should be placed is a difficult question to answer. But these are questions that should be asked (and answered) eventually. At Gregory Ricks & Associates, we help people discover the answers to these and many other questions about financial products, such as annuities and life insurance. As financial advisors, we will help you stabilize your financial future.
For many of our Metairie clients, investing in fixed annuities may be the best way to plan for the future. Like other annuities, fixed annuities are unfamiliar to many people. If you fit this criteria, we can help. We’ll teach you about fixed annuities and help you determine if it is a good fit for you.
What Are Fixed Annuities?
An annuity, much like life insurance, is a contract between an individual and a financial institution. The individual pays a premium that will, at a predetermined date, be returned back to the individual in a lump sum or as incremental payments. A fixed annuity includes an interest rate that is set (for a certain period of time) when the investment is agreed upon. This is is great for anyone looking for an investment that has minimal risk.
Advantages of Fixed Annuities
Here are a few of the advantages of fixed annuities:
- Low-risk investment – With a fixed interest rate, you know what to expect down the road.
- Tax deferral – Fixed annuities are tax-deferred investments, which means this money won’t be taxed until the investment is withdrawn.
- Shelter from creditors – In most cases, creditors cannot touch annuity investments. Annuities are safe from probate proceedings.
Want to learn more about fixed annuities in Metairie? Please contact our office today.