Fixed Index Annuities in Metairie
You have many years in front of you, including a lengthy amount of time after you retire. This is why you must start preparing for the future now to make sure your retirement years are secure. This can be achieved with the help of fixed index annuities.
If you want to find out more about fixed index annuities, talk to the financial advisors at Gregory Ricks & Associates. 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 are designed to provide long-term financial security 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. Basically, there are four types of annuities: fixed, variable, immediate, and fixed index. They all share certain attributes. Annuities are a contract between an individual and a financial institution. The person pays a premium that will, at a predetermined time, be returned back to the individual as incremental payments or as a lump sum. All money placed into an annuity is tax-deferred.
So what are fixed index annuities exactly? Fixed index annuities are linked to a financial index, e.g. the S&P 500. This annuity is in the middle of the road with risk and offers the possibility for a higher rate of return. Most types of retirement investments return the premium plus a little interest. Fixed index annuities, on the other hand, have the potential to earn a higher, market-linked interest rate with less exposure to stock market risks.
Call Gregory Ricks & Associates to Learn More
When you are prepared to learn more about fixed index annuities, contact our Metairie office to schedule a consultation.