Fixed Index Annuities in Lakeway, Tx
Now is the time to prepare for the future and improving your future security. Fixed index annuities can help make this happen.
Speak with the financial professionals at REAP Financial to learn more about fixed index annuities. We are committed to helping people in Lakeway with securing their future.
What Are Fixed Index Annuities?
There are some differences, both major and minute, between fixed index annuities and other investments for retirement. But in the end, they all have the same goal: to ensure your financial security.
Before we get into fixed index annuities, we'll talk a little bit about the basics of annuities. They are available in four basic forms: variable, fixed, immediate, and fixed index annuity. All of them share certain attributes. Annuities are a contract between a financial institution and an individual. After paying a premium for a predetermined time, the financial organization will return this investment (with interest) as incremental payments or as a lump sum. Any money placed into an annuity is tax-deferred.
But what differentiates fixed index annuities from other long-term investments? This annuity is tied to a financial index, like Nasdaq of the S&P 500. This annuity is in the middle of the road as far as risk is concerned and offers the possibility for a stronger rate of return. With many investments, you can expect little more than a return of what you have paid and a small amount of interest. Fixed index annuities, on the other hand, have the potential to earn a high interest rate without major risks associated with the stock market.
Call REAP Financial to Learn More
If you have any questions about fixed index annuities or want to set up a personalized consultation, please contact our office in Lakeway.