Have you started seriously considering your financial future? Do you have a plan for retirement that includes your children’s financial future?
It’s not simple to navigate the world of finances. Determining where your hard-earned capital should be placed is a difficult question to answer. Family Focus Financial Group is here to help people in Wall Township, New Jersey with finding answers to questions regarding annuities, life insurance, and other financial products. As financial professionals, we will help you stabilize your financial future.
Fixed annuities are a great choice that our clients have chosen in order to plan for their future. Fixed annuities may be a mystery to the general public. If you fit this criteria, we can help. We’ll teach you all about fixed annuities and help you determine if it is the right choice for you.
What Are Fixed Annuities?
Annuities work as a contract between a person and a financial institution, similar to an insurance policy. The individual will receive a lump sum or incremental payments after paying their premium for a predetermined schedule. With a fixed annuity, the owner is given a locked interest rate for a certain period of time. Anyone looking for a low-risk option will appreciate this investment.
Benefits of Fixed Annuities
Included below are some of the great advantages of fixed annuities:
- A safe investment – As an investor, you’re guaranteed to receive your investment in the future.
- Tax deferral – Your money will not be taxed until your investment is withdrawn.
- Shelter from creditors – In most cases, creditors cannot touch annuity investments. Annuities are absolutely safe from probate proceedings.
More Questions? Call Family Focus Financial Group for Answers
If you have any questions about fixed annuities or you’d like to set up a consultation, contact our office in Wall Township.