Fixed Index Annuities in Westlake, Tx
You have a long life ahead of you, including lots of time after you retire. 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 life after retirement. Fixed index annuities can help you accomplish this.
Talk to the financial professionals at REAP Financial to find out more about fixed index annuities. We have helped many people in Westlake with securing their financial future.
What Are Fixed Index Annuities?
Annuities are a lot like other investments and share the goal of long-term financial security for you and your family. But they possess some distinct properties.
To start, we'll talk a little about annuities in general. The four basic forms of annuities are immediate, fixed, variable, and fixed index annuity. They all share certain commonalities. All annuities are a contract between a financial institution and an individual. The individual agrees to pay a premium, which the financial organization will return (with added interest) 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 long-term investments? Fixed index annuities are linked to a financial index, e.g. Nasdaq of the S&P 500. This annuity is in the middle of the road with risk 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 along with a little interest. In contrast, fixed index annuities allow you to experience the benefits of a healthy interest rate without leaving you open to major stock market risks.
Contact REAP Financial to Find Out More
Schedule an appointment today by contacting our office and learn more about fixed index annuities in Westlake.