Fixed Index Annuity

Austin, Tx Fixed Index Annuities

You have a long life in front of you, including lots of time after retirement. Now is the time to prepare for the future and improving your financial prospects. One option that can help achieve this goal is a fixed index annuity.

Talk to the financial professionals at REAP Financial to find out more about fixed index annuities. We are committed to helping people in Austin with securing their financial future.

What Are Fixed Index Annuities?

There are differences, both large and small, between fixed index annuities, life insurance, IRAs, and other types of annuity investments. But in the end, they have similar goals: to ensure your financial security.

First, a little about annuities in general. They are available in four basic forms: variable, immediate, fixed, and fixed index annuity. They all share certain attributes. All annuities are a contract between a financial institution and an individual. The person agrees to make premium payments, which the financial organization will return (with interest) as incremental payments or in a lump sum. All money placed into an annuity is tax-deferred.

So how do fixed index annuities vary from other annuities? This annuity is directly connected to a specific financial index, such as Nasdaq of the S&P 500. Fixed index annuities are in the middle of the road as far as risk is concerned and offer the possibility for a higher rate of return. Most types of investments return the premium and a little interest. Fixed index annuities, on the other hand, have the potential to earn a higher, market-linked interest rate with less exposure to risks associated with the stock market.

Contact REAP Financial to Learn More

Schedule a consultation today by contacting our office and learn more about fixed index annuities in Austin.