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Fixed Annuities Throughout Mandeville

Have your finances been on your mind a lot lately? Do you have a retirement plan that includes your children’s well-being?

Navigating your finances isn’t simple. Determining where your savings should be placed is a difficult question to answer. But these are questions that must be asked (and answered) at some point. At Gregory Ricks & Associates, we help people find the answers to these and many other questions about financial products. Our financial advisors are here to help you stabilize your financial future.

Fixed annuities are one option that several of our clients have chosen to plan for their future. Despite the advantages, many people are unfamiliar with fixed annuities. If you fit this criteria, we can help. We’ll teach you all about fixed annuities and help you determine if it is the right choice for you.

What Are Fixed Annuities?

An annuity, much like life insurance, is an agreement between an individual and a financial organization. The individual pays a premium that will, at a predetermined time, be returned to the individual in a lump sum or as incremental payments. With a fixed annuity, the owner receives a locked interest rate for a specified length of time. Anyone looking for a low-risk, predictable option will appreciate this investment.

Advantages of Fixed Annuities

Fixed annuities have several great benefits that make them a productive investment option. Here are a few of them:

  • Predictability – As the investor, you’re guaranteed to get back what you have invested.
  • Tax deferral – Your money will not be taxed until you withdraw your investment.
  • Shelter from creditors – Annuity investments cannot be touched by creditors in most situations and are safe from probate proceedings.

More Questions? Call Gregory Ricks & Associates for Answers

If you have questions about fixed annuities in Mandeville or want to set up a consultation, contact our office today.