Fixed Index Annuities in Corona
Now, more than ever, it’s vital to start formulating a plan for the future, because financial security is a necessity if you are going to enjoy your long, post-retirement life. One solution that can help achieve this goal is a fixed index annuity.
At Safeguard Investment, you can find out more about fixed index annuities from our knowledgeable financial professionals. We are committed to helping people in the Corona area with securing their financial future.
What Are Fixed Index Annuities?
Annuities serve the same purpose as all other retirement options; they are designed to provide long-term financial safety for you and your family. But they do have some distinct properties.
To get started, we will talk a little bit about all annuities. Basically, there are four types of annuities: variable, immediate, fixed, and fixed index. Annuities are a contract between an individual and a financial institution. The person pays a premium that will, at a predetermined time, be returned back to the individual in a lump sum or as incremental payments. Any money placed into an annuity is tax deferred.
So how do fixed index annuities differ from other annuities? This annuity is directly linked to a specific financial index, such as Nasdaq of the S&P 500. With a flexible interest rate, there is more inherent risk with these annuities, along with greater potential for higher return. With many investments, you can expect little more than a return of your premium and a small amount of interest. Fixed index annuities allow you to experience the benefits of a solid interest rate without major stock market risks.
Call Safeguard Investment to Learn More
If you have any questions about fixed index annuities or you’d like to set up a personalized consultation, please contact our Corona office.
Free Retirement Kit
Before you can plan your retirement, you need to know the facts. This helpful Retirement Kit includes three separate guides that address several topics you should consider when planning your retirement:
- Will You Have Enough Income in Retirement?
- 5 Retirement Planning Missteps to Dodge
- Optimizing Your Social Security Benefits
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