Fixed Annuities near Austin
Are you thinking about what your finances will look like in the future? Do you have a plan for retirement that includes your children's financial future?
Navigating your finances isn’t easy. It's not easy to figure out when and where you will invest your money invest your money. If you're searching for answers to these questions, REAP Financial is here to offer assistance. As financial professionals, we will help you create a brighter financial future.
One of the great financial products that we offer in Austin are fixed annuities. Despite the advantages, many people don't know what fixed annuities are. But don't let this keep you from pursuing this option. We'll teach you about fixed annuities and help you decide if it is the right choice.
What Are Fixed Annuities?
Like life insurance, annuities work as an agreement between an individual and a financial organization. The owner of the annuity will receive a lump sum or incremental payments after paying their premium for a predetermined schedule. Fixed annuities get their name from their included interest rates that are locked in at the time of purchase. Anyone looking for a low-risk option will appreciate this investment.
Benefits of Fixed Annuities
Fixed annuities have several great advantages that make them a productive investment option. Here are some of them:
- Security – You get a fixed interest rate and guaranteed return on your investment.
- Tax deferral – Your money won't be taxed until your investment is withdrawn.
- Shelter from creditors – Annuities are safe from probate proceedings and cannot be touched by creditors in most situations.
If you have questions about fixed annuities in Austin or you’d like to set up a consultation, please call our office today.