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Metairie Fixed Index Annuities

You have a long life in front of you, including lots of time after retirement. Now is the time to prepare for the future and improving your future security. This can be achieved with the help of fixed index annuities.

Speak with the financial advisors at Gregory Ricks & Associates to find out more about fixed index annuities. We have helped many people in the Metairie area with securing their future.

What Are Fixed Index Annuities?

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

First, a little bit about annuities in general. Basically, there are four types of annuities: immediate, fixed, variable, and fixed index. Annuities work as a contract between an individual and a financial institution. After paying a premium for a predetermined time, the financial institution will return this investment (with interest) in a lump sum or incremental payments. Any investment into an annuity is tax deferred.

So what are the specifics of fixed index annuities? This type of annuity is tied to a 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. Many investments offer little more than to return your premium and a small amount of interest. On the other hand, fixed index annuities let you experience the benefits of a higher interest rate without leaving you exposed to major stock market risks.

Call Gregory Ricks & Associates to Learn More

If you have any questions surrounding fixed index annuities or want to set up a personalized consultation, please contact our Metairie office.