Fixed Index Annuities in Metairie
This is why you should start preparing for the future now to make sure your retirement years are secure. A fixed index annuity is one solution that makes sense for our clients in La.
At Gregory Ricks & Associates, you can find out more about fixed index annuities from our skilled financial advisors. We are committed to helping people in Metairie with securing their financial future.
What Are Fixed Index Annuities?
Annuities are similar to other retirement investments and share the goal of helping you and your family achieve long-term financial security. But they have a few unique qualities.
First, a little bit about annuities in general. The four basic forms of annuities are variable, immediate, fixed, and fixed index. All of them share certain features. Annuities function as a contract between an individual and a financial institution. The individual pays a premium that will, at a predetermined date, be returned back to the individual in a lump sum or as incremental payments. Any money placed into an annuity is tax deferred.
But what separates fixed index annuities from other annuities? This annuity is directly linked to a specific financial index, such as Nasdaq of the S&P 500. With a flexible interest rate, there is more inherent risk with these annuities, along with greater potential for a stronger return. With some investments, you can expect little more than a return of what you have paid and a small amount of interest. In contrast, fixed index annuities allow you to reap the benefits of a higher interest rate without leaving you exposed to major stock market risks.
Call Gregory Ricks & Associates to Learn More
If you have any questions surrounding fixed index annuities or want to set up a personalized consultation, please contact our Metairie office.