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Fixed Annuities Throughout Metairie

Have your finances been on your mind a lot lately? Have you created a plan that includes your retirement and the financial well-being of your entire family?

Navigating your finances isn’t simple. Determining where your money should be placed is a hard question to answer. If you’re searching for help finding answer to questions about financial products, such as annuities and life insurance, Gregory Ricks & Associates is here to offer assistance. Our financial advisors are here to help you create a brighter financial future.

One of the exciting financial products that we offer in Metairie are fixed annuities. Like all annuities, the specifics of a fixed annuity can be unfamiliar to many people. But don’t let this dissuade you from pursuing this option. We can teach you about this product and help you determine if it is the best option.

What Are Fixed Annuities?

Similar to an insurance policy, annuities work as a contract between a financial institution and an individual. The owner of the annuity pays a premium that will, at a predetermined date, be returned to the individual in a lump sum or as incremental payments. A fixed annuity comes with an interest rate that is set (for a certain period of time) when the investment is agreed upon. This option is great for someone looking for something that is safe and low-risk.

Benefits of Fixed Annuities

Fixed annuities have many great advantages that make them an attractive investment option. Here are some of them:

  • Predictability – With a fixed interest rate, you know what to expect in the future.
  • Tax deferral – Every cent invested into your annuity will be safe from taxes until the day the investment is withdrawn.
  • Shelter from creditors – In most situations, creditors cannot touch annuity investments. Annuities are absolutely safe from probate proceedings.

More Questions? Call Gregory Ricks & Associates for Answers

Want to learn more about fixed annuities? Please contact our office in Metairie today.