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Fixed Annuities Throughout Metairie

Are you thinking about what your finances will look like in the future? Have you thought about how you will plan for your future to make sure you have a stress-free retirement and a future for your children that’s financially secure?

Navigating the world of finance isn’t easy. It can also be stressful to figure out where and when you need to put your money. At Gregory Ricks & Associates, we help people discover the answers to these and many other questions about financial products. Our financial advisors are here to help you create a brighter financial future.

For many of our clients in Metairie, investing in fixed annuities may be the best way to plan for the future. Despite the advantages, many people don’t know what fixed annuities are. If you fit this criteria, we can help you. We’ll teach you about fixed annuities and help you decide if it is a good fit for you.

What Are Fixed Annuities?

Annuities operate as a contract between a person and a financial organization, similar to an insurance policy. After making premium payments, the individual will receive a lump sum or incremental payments. A fixed annuity includes an interest rate that is “fixed” (for a set period of time) when the investment is agreed upon. This option is ideal for anyone looking for something that is safe and low-risk.

Benefits of Fixed Annuities

Fixed annuities have been lauded for years as an effective investment strategy that includes incredible benefits. Here are a few:

  • A safe investment – You get a fixed interest rate and guaranteed return on your investment.
  • Tax deferral – Every cent invested into your annuity will be free from taxes 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

Please call our office in Metairie today to schedule a consultation and learn more about fixed annuities.