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Fixed Annuities Throughout Metairie

Have you begun to seriously consider your financial future? Do you have a retirement plan that includes your children’s financial future?

It’s not easy to figure out your own finances. It can also be stressful to decide where and when you need to invest your money. If you’re looking for help finding answer to these questions, Gregory Ricks & Associates can offer assistance. Our financial advisors will work together with you to secure your financial future.

One of the exciting financial products that we provide in Metairie are fixed annuities. Despite the advantages, many people are unfamiliar with fixed annuities. If you fit this criteria, we can help. We’ll teach you about fixed annuities and help you decide if it is a good fit for you.

What Are Fixed Annuities?

Annuities operate as a contract between an individual and a financial organization, similar to an insurance policy. The individual 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 set period of time. Anyone looking for a low-risk option will appreciate this investment.

Advantages of Fixed Annuities

Included below are some of the great advantages of fixed annuities:

  • Predictability – You know exactly what to expect with this kind of investment.
  • Tax deferral – Fixed annuities are tax-deferred, which means this money won’t be taxed until the investment is withdrawn.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 absolutely safe from probate proceedings.

More Questions? Call Gregory Ricks & Associates for Answers

If you have any questions about fixed annuities in Metairie or want to schedule a consultation, please call our office today.