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Fixed Annuities Throughout New Orleans

Are you contemplating 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 kids that’s financially sound?

It takes time and patience to navigate the world of finances. Determining where your savings should be placed is a difficult question to answer. But these types of questions that need to be asked (and answered) eventually. At Gregory Ricks & Associates in New Orleans, LA, we help our clients find the answers to these and many other questions about annuities, life insurance, and other financial products. As financial advisors, we’ll help you balance your financial future.

One of the great financial products that we provide in New Orleans are fixed annuities. The specifics of a fixed annuity may be unfamiliar to most people. 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, similar to life insurance, is a contract between a person and a financial organization. The individual will be given a lump sum or incremental payments after paying their premium for a predetermined time. With fixed annuities, the owner receives a locked interest rate for a specified length of time. This option is great for someone looking for something that has minimal risk.

Benefits of Fixed Annuities

Included below are some of the great advantages of fixed annuities:

  • Predictability – You get a fixed interest rate and guaranteed return on investment.
  • Tax deferral – Fixed annuities are tax-deferred, which means this money will not be taxed until the investment is withdrawn.
  • Shelter from creditors – Annuity investments are safe from probate proceedings and cannot be touched by creditors in most situations.

Contact Gregory Ricks & Associates

If you have any questions about fixed annuities in New Orleans or want to schedule a consultation, contact our office today.