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Metairie Fixed Index Annuities

This is why you must start preparing for the future today to make sure your retirement years are secure. Fixed index annuities are a solution that makes sense for many of our La clients.

At Gregory Ricks & Associates, you can learn about fixed index annuities from our skilled financial advisors. We have helped many people in the Metairie area with securing their financial future.

What Are Fixed Index Annuities?

Annuities have the same purpose as all other options for retirement; they provide long-term financial safety for you and your family. But they do have some distinct properties.

To get started, we will talk a little bit about annuities in general. The four basic forms of annuities are variable, immediate, fixed, and fixed index. They all share certain features. Annuities function as a contract between an individual and a financial institution. The person agrees to pay a premium, which the financial institution will return (with interest) in a lump sum or as incremental payments. All money placed into an annuity is tax-deferred.

But what differentiates fixed index annuities from other long-term investments? Fixed index annuities are tied to a specific financial index, like Nasdaq. This annuity is in the middle of the road with risk and offers the possibility for a higher rate of return. Most kinds of investments return the premium and a little interest. On the other hand, fixed index annuities let you experience the benefits of a higher interest rate without leaving you open to major stock market risks.

Call Gregory Ricks & Associates to Learn More

Schedule an appointment today by contacting our office and learn more about Metairie fixed index annuities.