At My Financial Sovereignty in Austin, TX, we understand the importance of having a secure financial future. That's why we offer fixed indexed annuities as part of our portfolio of financial products. Our experienced team of advisors can help you navigate the complex world of retirement savings and find the right annuity to fit your unique needs and goals.
How Fixed Indexed Annuities Work
Fixed indexed annuities are a type of deferred annuity, which means that your money is invested for a set period of time before you begin receiving payments. During the accumulation phase, your principal is protected and guaranteed by the insurance company, so you don't have to worry about losing your initial investment.
At the same time, your interest rate is linked to a stock market index, such as the S&P 500. If the index performs well, you can earn higher returns than you would with a traditional fixed annuity. However, if the index performs poorly, your principal is still protected, and you won't lose any money.
Once the accumulation phase is over, you can choose to receive payments in a lump sum or as a series of regular payments over a set period of time. You can also choose to receive payments for the rest of your life, which provides a guaranteed stream of income in retirement.
The Benefits of Fixed Indexed Annuities
Fixed indexed annuities provide a level of security and protection that is not offered by other investment vehicles. Your principal is guaranteed by the insurance company, which means you don't have to worry about market volatility or losing your money.
Additionally, fixed indexed annuities offer the potential for higher returns than traditional ones, while still providing a level of safety. This can be especially beneficial for those nearing retirement who want to protect their savings while earning a decent return.
They can also provide a guaranteed stream of income in retirement. By choosing to receive payments for the rest of your life, you can ensure that you have a reliable source of income that will last as long as you do.
Looking for retirement planning solutions? Contact My Financial Sovereignty at 512-905-3764 to discuss fixed indexed annuities.