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Metairie Fixed Index Annuities

You have a long life ahead of you, including a lengthy amount of time after retirement. Now is the time to prepare for the future and improving your financial outlook. Fixed index annuities can help you accomplish this.

If you want to find out more about fixed index annuities, talk to the financial advisors at Gregory Ricks & Associates. We have helped many people in the Metairie area with securing their future.

What Are Fixed Index Annuities?

There are differences, both major and minute, between fixed index annuities and other investments for retirement. But in the end, they have similar goals: to ensure your financial security.

First, a little bit about annuities in general. They come in four basic forms: variable, immediate, fixed, and fixed index annuity. At the base level, they operate as a contract between a financial institution and an individual. The individual agrees to make premium payments, which the financial institution will return (with interest) as incremental payments or in a lump sum. All money placed into an annuity is tax-deferred.

But what separates fixed index annuities from other long-term investments? This type of annuity is directly connected to a specific financial index, such as the S&P 500. People choose this type of annuity because it contains the potential to make a stronger return than with other options. With many investments, you can expect little more than a return of your premium and a small amount of interest. Fixed index annuities allow you to earn the benefits of a solid interest rate without major stock market risks.

Call Gregory Ricks & Associates to Learn More

If you have any questions regarding fixed index annuities or you’d like to set up a personalized consultation, contact our Metairie office.