Fixed Annuities for the Florida Market
Have your finances been on your mind a lot recently? Have you thought about how you will plan for your future to make sure you have a stress-free retirement and a future for your kids that’s financially secure?
It’s not simple to navigate the world of finances. It can also be quite stressful to decide where and when you need to put your hard-earned money. At Grace Advisory in Fort Myers, Fl, we help our clients discover the answers to these and many other questions about annuities, life insurance, and other financial products. Our financial professionals will do what they can to secure your financial future.
Fixed annuities are one option that our clients have chosen in order to plan for their future. Despite the advantages, many people don’t know what fixed annuities are. If you fit this criteria, we can help. We’ll teach you all about fixed annuities and help you determine if it is a good fit for you.
What Are Fixed Annuities?
An annuity, much like an insurance policy, is a contract between a person and a financial institution. The owner of the annuity will be given a lump sum or incremental payments after paying their premium for a predetermined time. With a fixed annuity, the owner receives a locked interest rate for a set length of time. This is is great for someone looking for an investment that has minimal risk.
Benefits of Fixed Annuities
Here are some of the advantages of fixed annuities:
- Safety – As an investor, you’re guaranteed to get back what you have invested.
- Tax deferral – Fixed annuities are tax-deferred, which means this money won’t be taxed you withdraw your investment.
- Shelter from creditors – In most cases, creditors are barred from annuity investments. Annuities are safe from probate proceedings.
Contact Grace Advisory
Want to learn more about fixed annuities for Florida residents? Please contact our office today.
