Fixed Index Annuities in Austin, Tx
You have a long life ahead of you, including lots of time after you retire. This is why you should start preparing for the future now to make sure your retirement years are secure. This can be achieved with the help of fixed index annuities.
Talk to the financial professionals at REAP Financial to learn more about fixed index annuities. We help individuals to secure their future in the Austin.
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 do have some distinct characteristics.
First, a little bit about all annuities. The four basic forms of annuities are variable, fixed, immediate, and fixed index annuity. Annuities are a contract between an individual and a financial institution. The individual agrees to pay a premium, which the financial institution will return (with added interest) as incremental payments or as a lump sum. All money placed into an annuity is tax-deferred.
So how do fixed index annuities differ from other investment options? This annuity is connected to a financial index, such as Nasdaq. People choose this type of annuity because there is the ability to make a stronger return than other options. Most types of retirement investments pay back your premium along with a small amount of interest. On the other hand, fixed index annuities let you reap the benefits of a higher interest rate without leaving you open to major risks associated with the stock market.
Call REAP Financial to Learn More
Schedule a consultation today by contacting our office and learn more about fixed index annuities in Austin.