Fixed Annuities Throughout Metairie
Have you started seriously considering your financial future? Have you developed a plan that includes your own retirement and the financial well-being of your entire family?
It takes time and effort to navigate the world of finances. It can also be stressful to decide where and when you need to put your hard-earned money. But these types of questions that must be asked (and answered) at some point. 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. Our financial advisors will work together with you to secure your financial future.
One of the great financial products that we provide in Metairie are fixed annuities. Like other annuities, fixed annuities are 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 decide if it is the best option.
What Are Fixed Annuities?
Annuities operate as an agreement between a person and a financial institution, similar to an insurance policy. After making premium payments, the owner of the annuity will receive a lump sum or incremental payments. Fixed annuities get their name from their included interest rates that are locked in at the time of purchase. This is ideal for anyone looking for something that is safe and low-risk.
Benefits of Fixed Annuities
Fixed annuities have several great benefits that make them a productive investment opportunity. Here are some of them:
- Low-risk investment – Unlike some investments, you are certain to have your money returned to you.
- Tax deferral – Every penny put into your annuity will be safe from taxes until your investment is withdrawn.
- Shelter from creditors – Annuity investments are safe from probate proceedings and cannot be touched by creditors in most situations.
Please call our office today to schedule a consultation and learn more about fixed annuities in Metairie.