Round Rock, Tx Fixed Index Annuities
Now, more than ever, it’s vital to start formulating a plan for the future, because financial security is a imperative if you’re going to enjoy your long, post-retirement life. Fixed index annuities are a solution that works for many of our Tx clients.
Speak with the financial professionals at REAP Financial to learn more about fixed index annuities. We have helped numerous people in the Round Rock area with securing their financial future.
What Are Fixed Index Annuities?
Annuities serve the same purpose as all other options for retirement; they are designed to provide long-term financial safety for you and your family. But they have a few unique properties.
Before we get into fixed index annuities, let's talk a little about the basics of annuities. The four basic forms of annuities are variable, immediate, fixed, and fixed index annuity. All annuities are a contract between an individual and a financial institution. The individual pays a premium that will, at a predetermined time, be returned back to the individual as incremental payments or as a lump sum. All money placed into an annuity is tax-deferred.
But what separates fixed index annuities from other investments? Fixed index annuities are tied to a specific financial index, such as the S&P 500. This annuity is in the middle of the road for risk and offers the ability for a stronger rate of return. Many investments can offer little more than a return of what you have paid along with 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 risks associated with the stock market.
Call REAP Financial to Learn More
If you have any questions regarding fixed index annuities or want to set up a personalized consultation, please contact our Round Rock office.