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Fixed Annuities Throughout Metairie

Have your finances been on your mind a lot lately? Do you have a retirement plan that includes your children’s well-being?

It’s not simple to figure out your own finances. Deciding where your hard-earned capital should be placed is a hard question to answer. But these are questions that need to be asked (and answered) eventually. If you’re looking for answers to questions about annuities, life insurance, and other financial products, Gregory Ricks & Associates can offer assistance. As financial advisors, we’ll help you secure your financial future.

Fixed annuities are one option that our clients have chosen in order to plan for their future. Fixed annuities may be unfamiliar to most people. If you fit this criteria, we can help. We’ll teach you all about fixed annuities and help you determine if it is a good fit for you.

What Are Fixed Annuities?

Like life insurance, annuities function as an agreement between a financial organization and an individual. The owner of the annuity pays a premium that will, at a predetermined time, be returned to the individual in a lump sum or as incremental payments. A fixed annuity includes an interest rate that is “fixed” (for a set period of time) when the investment is made. Anyone looking for a low-risk option will appreciate this investment.

Benefits of Fixed Annuities

Fixed annuities have been lauded for years as a effective investment strategy that includes major benefits. Here are a few of them:

  • Low-risk investment – You get a fixed interest rate and guaranteed return on your investment.
  • Tax deferral – Your money will not be taxed until you withdraw your investment.
  • Shelter from creditors – In most situations, creditors are barred from annuity investments. Annuities are safe from probate proceedings.

More Questions? Call Gregory Ricks & Associates for Answers

Please call our office in Metairie today to arrange a consultation and learn more about fixed annuities.