Fixed Index Annuities in Pflugerville, Tx
As medical advancements have continued, people have started living longer and longer. This is why you must start preparing for the future today to make sure your retirement years are secure. Fixed index annuities can help make this happen.
Speak with the financial professionals at REAP Financial to learn more about fixed index annuities. We help individuals to secure their future in the Pflugerville.
What Are Fixed Index Annuities?
Annuities are a lot like other retirement options and share the goal of helping you and your family achieve long-term financial security. But they have some distinct properties.
First, a little about the basics of annuities. The four basic forms of annuities are fixed, variable, immediate, and fixed index annuity. Annuities are a contract between an individual and a financial institution. After paying a premium for a predetermined amount of time, the financial institution will return this investment (with interest) in a lump sum or as incremental payments. All money placed into an annuity is tax-deferred.
So what are some of the differences with fixed index annuities? This type of annuity is directly linked to a specific financial index, e.g. the S&P 500. Fixed index annuities are in the middle of the road with risk and offer the potential to make a stronger return than with other options. With some investments, you can expect little more than a return of your premium and a little interest. On the other hand, fixed index annuities let you reap the benefits of a healthy interest rate without leaving you exposed to major stock market risks.
Contact REAP Financial to Find Out More
Schedule a consultation today by contacting our office and learn more about fixed index annuities in Pflugerville.