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Fixed Annuities Throughout Kenner

Have your finances been on your mind a lot lately? Have you planned out your future to make sure you have a stress-free retirement and a future for your kids that’s financially sound?

It takes time and effort to navigate the world of finances. Choosing where your money should be placed is a hard question to answer. Gregory Ricks & Associates helps people in Kenner, LA with finding answers to questions regarding financial products, such as annuities and life insurance. As financial advisors, we will help you stabilize your financial future.

One of the great financial products that we offer in Kenner are fixed annuities. Fixed annuities may be a mystery to most people. If you fit this criteria, we can help. We’ll teach you about fixed annuities and help you decide if it is a good fit for you.

What Are Fixed Annuities?

Annuities work as a contract between an individual and a financial institution, similar to an insurance policy. The owner of the annuity will be given a lump sum or incremental payments after paying their premium for a predetermined schedule. Fixed annuities get their name from their included interest rates that are locked in at the time of purchase. Anyone looking for a low-risk, predictable option will appreciate this investment.

Advantages of Fixed Annuities

Fixed annuities have been touted for years as an effective investment strategy accompanied by incredible benefits. Here are a few:

  • Safety – You get a fixed interest rate and guaranteed return on investment.
  • Tax deferral – Every penny invested into your annuity will be safe from taxes until you withdraw your investment.
  • Shelter from creditors – In most situations, creditors cannot touch annuity investments. Annuities are safe from probate proceedings.

Contact Us

If you have questions about fixed annuities or you’d like to set up a consultation, please contact our Kenner office.