Metairie Fixed Index Annuities
You have many years ahead of you, including lots 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, post-retirement life. Fixed index annuities can help make this happen.
At Gregory Ricks & Associates, you can learn about fixed index annuities from our knowledgeable financial advisors. We are committed to helping people in the Metairie area with securing their financial future.
What Are Fixed Index Annuities?
Annuities have 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 properties.
First, a little about annuities in general. The four basic forms of annuities are immediate, fixed, variable, and fixed index. They all share certain traits. At the base level, they work 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 added interest) in incremental payments or as a lump sum. All money placed into an annuity is tax-deferred.
So what are the specifics of fixed index annuities? This type of annuity is linked to a financial index, e.g. the S&P 500. With a flexible interest rate, there is more inherent risk with this annuity, along with greater potential for higher return. Many investments offer little more than to return your premium and a small amount of 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.