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Mandeville Fixed Index Annuities

As medical advancements have continued, people have started living longer. It’s vital to start formulating a plan for the future now, because financial security is a necessity if you’re going to enjoy your long life after retirement. One solution that can help achieve this goal is a fixed index annuity.

If you want to learn more about fixed index annuities, meet with the financial advisors at Gregory Ricks & Associates. We are committed to helping people in Mandeville with securing their future.

What Are Fixed Index Annuities?

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

First, a little about annuities in general. They are available in four basic formats: fixed, variable, immediate, and fixed index annuity. At the base level, they operate 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 in a lump sum or as incremental payments. Any investment into an annuity is tax deferred.

But what differentiates fixed index annuities from other annuities? Fixed index annuities are tied to a specific financial index, like Nasdaq. Fixed index annuities are in the middle of the road for risk and offer the possibility for a higher rate of return. With some investments, you can expect little more than a return of your premium and a small amount of interest. Fixed index annuities let you earn the benefits of a solid interest rate without major stock market risks.

Call Gregory Ricks & Associates to Learn More

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