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Metairie Fixed Index Annuities

Now is the time to prepare for the future and improving your future security. Fixed index annuities are a solution that works for many of our La clients.

At Gregory Ricks & Associates, you can find out more about fixed index annuities from our experienced financial advisors. We are committed to helping people in the Metairie area with securing their financial future.

What Are Fixed Index Annuities?

There are differences, both large and small, between fixed index annuities, life insurance, IRAs, and other types of investments. But in the end, they all have similar goals: to ensure financial security for you and your family.

To get started, we will talk a little bit about annuities in general. The four basic forms of annuities are immediate, fixed, variable, and fixed index. At the base level, they operate as a contract between a financial institution and an individual. After making payments for a predetermined amount of time, the financial institution will return this investment (with added interest) in incremental payments or as a lump sum. All money placed into an annuity is tax-deferred.

So what are some of the differences with fixed index annuities? This annuity is directly connected to a specific financial index, such as Nasdaq of the S&P 500. Fixed index annuities are in the middle of the road with risk and offer the possibility for a higher rate of return. With many investments, you can expect little more than a return of what you have paid and a small amount of interest. Fixed index annuities let you earn the benefits of a high interest rate without major stock market risks.

Call Gregory Ricks & Associates to Learn More

When you are prepared to learn more about fixed index annuities, please contact our Metairie office to schedule a consultation.