Fixed Annuity

Fixed Annuities Throughout Austin

Have you begun to seriously consider your financial future? Have you developed a plan that includes your retirement and the financial well-being of your entire family?

It's not easy to figure out your own finances. Choosing where your money should be placed is a difficult question to answer. But these are questions that should be asked (and answered) eventually. At Reap Financial, we help our clients discover the answers to these and many other questions about annuities, life insurance, and other financial products. Our financial professionals are here to help you create a brighter financial future.

Fixed annuities are one a great choice that our clients have chosen in order to plan for their future. Despite the advantages, many people don't know what fixed annuities are. If you fit this criteria, we can help. We'll teach you all about fixed annuities and help you determine if it is a good fit for you.

What Are Fixed Annuities?

An annuity, similar to life insurance, is an agreement between a person and a financial institution. The individual pays a premium that will, at a predetermined time, be returned back to the individual in a lump sum or as incremental payments. A fixed annuity comes with an interest rate that is locked in (for a set period of time) when the investment is agreed upon. This provides the owner with safety and predictability.

Benefits of Fixed Annuities

Here are a few of the advantages of fixed annuities:

  • A safe investment – As an investor, you’re guaranteed to get back what you have invested.
  • Tax deferral – Every cent put into your annuity will be safe from taxes until the day the investment is withdrawn.
  • Shelter from creditors – Annuity investments are safe from probate proceedings and cannot be touched by creditors in most situations.

More Questions? Call Reap Financial for Answers

If you have questions about fixed annuities in Austin or want to set up a consultation, please call our office today.