Cedar Park, Tx Fixed Index Annuities
This is why you need to start preparing for the future today to make sure your retirement years are secure. Fixed index annuities are a solution that makes sense for many of our Tx clients.
At REAP Financial, you can learn more about fixed index annuities from our skilled financial professionals. We help families to secure their future in the Cedar Park.
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 properties.
Before we describe fixed index annuities, let's talk a little about all annuities. Basically, there are four types of annuities: fixed, variable, immediate, and fixed index annuity. They all share certain attributes. Annuities operate as a contract between a financial institution and an individual. After paying a premium for a predetermined amount of time, the financial institution will return this investment (with added interest) in a lump sum or as incremental payments. All money placed into an annuity is tax-deferred.
So what are fixed index annuities exactly? Fixed index annuities are linked to a specific financial index, such as the S&P 500. People choose this type of annuity because it contains the ability to make a stronger return than with other options. Most types of investments pay back what you have paid and a little interest. In contrast, fixed index annuities let you reap the benefits of a healthy interest rate without leaving you open to major risks associated with the stock market.
Contact REAP Financial to Find Out More
Schedule an appointment today by contacting our office and learn more about fixed index annuities in Cedar Park.