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Fixed Index Annuities in Metairie

Now is the time to prepare for the future and improving your future security. This goal can be reached with the help of fixed index annuities.

At Gregory Ricks & Associates, you can learn about fixed index annuities from our experienced financial advisors. We are committed to helping people in Metairie 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.

Before we get into fixed index annuities, let’s discuss the basics of annuities. They are available in four basic forms: variable, immediate, fixed, and fixed index annuity. All annuities are a contract between a financial institution and an individual. 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 some of the differences with fixed index annuities? This type of annuity is directly linked to a specific financial index, such as 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 investments pay back the premium and a little interest. Fixed index annuities, on the other hand, have the potential to earn a higher interest rate with less exposure to stock market risks.

Call Gregory Ricks & Associates to Learn More

Schedule an appointment today by contacting our office and learn more about fixed index annuities in Metairie.