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New Orleans Annuities

Are you concerned about the health of your finances in the future? Is it time to make a plan to solidify your retirement and your children’s financial health?

The financial world is quite complicated. Learning where to keep your money and deciding when to put it there are two very difficult, yet essential, questions. If you are in need of help finding answers to these questions, Gregory Ricks & Associates is here to help.

For many of our New Orleans clients, annuities are a great method to plan for the future. For many people, the particulars of an annuity may be a mystery. As your financial professional, we hope to reveal what annuities are all about without burying you under complex equations.

Included below is some helpful information about annuity options that you can use through Gregory Ricks & Associates.

Immediate Annuities

Immediate annuities begin the payout stream to the owner soon after the contract is issued. They are often a good choice for the retiree or pre-retiree who is in need of a steady income stream.

Fixed Annuities

Fixed annuities include a “fixed” interest rate that guarantees the interest rate for a specific time frame. These annuities are known for low risk and high predictability.

Fixed Index Annuities

A fixed index annuity has a low guaranteed interest rate plus the potential for a higher interest rate based on an increase in value of the market index to which it’s linked. To protect from loss, they also can only show gains, which are locked in, and will never lose the owner’s principal or gains.

Variable Annuities

Variable annuities are a financial investment that are, well, variable. Variable annuities offer a death benefit. A specified amount will be given to your beneficiary if you die before you have received payments from your financial company.

Annuities and their Riders

Features from multiple types of annuities can be augmented with rider purchases to better fit your needs. The annuity features discussed here are not mutually exclusive. For example, fixed or index annuities can be immediate or deferred. For more information on these types of annuities, talk to your insurance-licensed professional.

Finding a Suitable Option For You

As you can see, annuities come in with a variety of features. Contacting a licensed New Orleans insurance professional can be a good way to truly understand annuities, determine if one might fit into your retirement strategy, and, if so, find a suitable annuity and riders for you. Please contact us and we will contact you to schedule a meeting with a local, insurance-licensed financial professional. Contact us now to get started!