Fixed Index Annuity

Austin, Tx Fixed Index Annuities

You have a long life in front of you, including lots of time after retirement. Now, more than ever, it’s vital to start formulating a plan for the future, because financial security is a imperative if you are going to enjoy your long life after retirement. This can be achieved with the help of fixed index annuities.

Talk to the financial professionals at REAP Financial to find out more about fixed index annuities. We have helped numerous people in the Austin area with securing their future.

What Are Fixed Index Annuities?

Annuities are a lot like other retirement investments and share the goal of long-term financial security for you and your family. But they possess a few unique characteristics.

To start, we'll talk a little bit about all annuities. Basically, there are four types of annuities: immediate, fixed, variable, and fixed index. At the base level, they operate as a contract between an individual and a financial institution. After making payments for a predetermined amount of time, the financial organization will return this investment (with interest) in a lump sum or incremental payments. All money placed into an annuity is tax-deferred.

So what are some of the differences with fixed index annuities? This type of annuity is directly connected to a specific financial index, such as Nasdaq. Fixed index annuities are in the middle of the road with risk and offer the possibility for a higher rate of return. Many investments offer little more than to return your premium along with a small amount of interest. Fixed index annuities let you experience the benefits of a solid interest rate without major stock market risks.

Call REAP Financial to Learn More

If you have any questions surrounding fixed index annuities or you’d like to set up a personalized consultation, please contact our Austin office.