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Fixed Index Annuities in Slidell

Now, more than ever, it’s vital to start formulating a plan for the future, because financial security is an imperative if you’re going to enjoy your long life after retirement. Fixed index annuities can help make this happen.

If you want to find out more about fixed index annuities, meet with the financial advisors at Gregory Ricks & Associates. We have helped many people in the Slidell area with securing their financial future.

What Are Fixed Index Annuities?

There are differences, both large and small, between fixed index annuities and other investments for retirement. But in the end, they all have the same goal: to ensure financial security for you and/or your family.

Before we get into fixed index annuities, let’s discuss the basics of annuities. The four basic forms of annuities are immediate, fixed, variable, and fixed index. All annuities are a contract between a financial institution and an individual. The individual pays a premium that will, at a predetermined date, be returned back to the individual as incremental payments or as a lump sum. All money placed into an annuity is tax-deferred.

But what differentiates fixed index annuities from other investments? This annuity is directly linked to a specific financial index, such as Nasdaq. With a flexible interest rate, there is more risk with these annuities, along with greater potential for higher return. Most kinds of investments return the premium plus a little interest. Fixed index annuities allow you to experience the benefits of a high 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 fixed index annuities in Slidell.