Watch our video, “Fixed Index Annuities explained, how they work and benefit you!”
Many of us will spend more than a decade of our lives at work? For those who understand the time value of money and want a worry free retirement, time becomes even more precious. Learn about Fixed Index Annuities explained, how they work and benefit you!
Enable to keep more of your own money, knowing how to navigate taxes is key! In addition, understanding growth strategies are just as important as preserving your hard-earned savings if you want to have a reliable source of income later in life...
That’s why so many people are turning to fixed index annuities to secure their retirement. These annuities offer an amazing combination of benefits: protecting your principal, earning interest linked to market performance, growing your savings tax-deferred, and providing guaranteed income for the future....
Imagine enjoying your retirement, doing what you love, without financial worries. Here’s how a Fixed Index Annuity works:
A Fixed Index Annuity is a contract between you and an insurance provider. It guarantees your principal and provides a future income stream.
When you purchase an annuity, part of your premium goes to a fixed interest rate, while the rest earns additional interest based on an external index's performance. This means you benefit when the index is up, but since your money isn’t directly invested in the stock market, you’re protected when the index goes down.
Your annual return will never go below zero, due to market volatility, and any interest you earn is locked in. Plus, all earnings are tax-deferred until you start receiving payments.
When you're ready to start your income stream, you can choose a lump sum payout or a series of payments over time. Many annuities also offer an income rider for a lifetime of guaranteed income.
Make the most of your retirement with peace of mind. Choose fixed index annuities for a secure financial future.
If you want to know how Fixed Index Annuities can complement your current financial plan, reach out to Patrick or Vince at Unifirst Financial & Tax Consultants.
