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Metairie Fixed Index Annuities

You have a long life in front of you, including a lengthy amount of time after retirement. It’s vital to start formulating a plan for the future now, because financial security is a necessity if you are going to enjoy your long life after retirement. One solution that can help achieve this goal is a fixed index annuity.

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

What Are Fixed Index Annuities?

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

First, a little about annuities in general. The four basic forms of annuities are immediate, fixed, variable, and fixed index. Annuities operate as a contract between a financial institution and an individual. After making payments for a predetermined time, the financial organization will return this investment (with interest) in a lump sum or incremental payments. Any investment into an annuity is tax deferred.

So how do fixed index annuities vary from other annuities? This type of annuity is linked to a financial index, e.g. Nasdaq. People often choose this type of annuity because it contains the ability to make a stronger return than other options. Most kinds of investments pay back the premium 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

Schedule a consultation today by contacting our office and learn more about Metairie fixed index annuities.