Metairie Fixed Index Annuities
You have many years in front of you, including lots of time after retirement. Now, more than ever, it’s vital to start formulating a plan for the future, because financial security is a necessity if you’re going to enjoy your long, post-retirement life. Fixed index annuities are a solution that works for our clients in La.
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 Metairie with securing their financial future.
What Are Fixed Index Annuities?
There are some differences, both large and small, between fixed index annuities, life insurance, IRAs, and other types of investments. But in the end, they all have the same goal: to ensure your financial security.
Before we get into fixed index annuities, let’s discuss annuities in general. The four basic forms of annuities are immediate, fixed, variable, and fixed index. Annuities work as 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 how do fixed index annuities vary from other investment options? Fixed index annuities are tied to a financial index, like Nasdaq. Fixed index annuities are in the middle of the road with risk and offer the possibility for a higher rate of return. Most kinds of investments return the premium and a small amount of interest. Fixed index annuities allow you to experience the benefits of a high interest rate without major stock market risks.
Call Gregory Ricks & Associates to Learn More
If you have any questions surrounding fixed index annuities or you’d like to set up a personalized consultation, contact our office in Metairie.