Fixed Index Annuity

Austin Fixed Index Annuities

You have a long life ahead of you, including a lengthy amount of time after you retire. Now is the time to start preparing for the future and improving your financial outlook. Fixed index annuities are a solution that makes sense for our clients in .

At Reap Financial, you can learn about fixed index annuities from our skilled financial professionals. We help people with securing their future in the communities of Austin.

What Are Fixed Index Annuities?

Annuities are similar to 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 get started, we'll talk a little bit about all annuities. They are available in four basic forms: immediate, fixed, variable, and fixed index annuity. They all share certain features. Annuities are a contract between an individual and a financial institution. The individual agrees to make premium payments, which the financial institution will return (with interest) as incremental payments or in a lump sum. Any investment into an annuity is tax deferred.

So what are the specifics of fixed index annuities? This type of annuity is directly connected to a specific financial index, such as the S&P 500. With a flexible interest rate, there is more risk with this annuity, along with greater potential for a stronger return. Most types of retirement investments pay back the premium and a little interest. Fixed index annuities allow you to experience the benefits of a solid interest rate without major stock market risks.

Call Reap Financial to Learn More

Schedule an appointment today by contacting our office and learn more about Austin fixed index annuities.