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Metairie Fixed Index Annuities

As scientific knowledge has advanced, people have started living longer and longer. Now, more than ever, it’s vital to start formulating a plan for the future, because financial security is a necessity if you are going to enjoy your long, post-retirement life. A fixed index annuity is one solution that works for our clients in La.

Talk to the financial advisors at Gregory Ricks & Associates to find out more about fixed index annuities. We are committed to helping people in Metairie with securing their future.

What Are Fixed Index Annuities?

Annuities are similar to other retirement options and share the goal of helping you and your family achieve long-term financial security. But they possess a few unique characteristics.

To get started, we will talk a little bit about annuities in general. They come in four basic forms: variable, immediate, fixed, and fixed index annuity. They all share certain traits. Annuities operate as a contract between an individual and a financial institution. The individual agrees to pay a premium, which the financial institution will return (with interest) in a lump sum or as incremental payments. All money placed into an annuity is tax-deferred.

But what differentiates fixed index annuities from other annuities? This type of annuity is directly connected to a specific financial index, such as Nasdaq. People choose this kind of investment because it contains the potential to make a stronger return than with other options. Most kinds of investments return the premium plus a little interest. In contrast, fixed index annuities let you reap the benefits of a healthy interest rate without leaving you open to 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.