Fixed Annuities

Fixed annuities are designed to help you accumulate funds for your retirement. The money in your annuity earns a guaranteed fixed rate of interest and accumulates on a tax-deferred basis. This means that you do not pay taxes on your earnings until you actually withdraw them from your policy.

How do they work?

Insurers offer fixed annuities in return for a lump-sum payment, or it can be paid for periodically. The money that goes into the annuity earns a fixed rate of return throughout what is known as the accumulation phase, which is when money is invested in.

The annuitization phase is when the money is being paid out. During this phase, the balance that was invested continues to grow at the fixed rate.

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Why choose a fixed annuity?

Those that like security will appreciate this type of retirement savings. The guaranteed fixed interest rate appeals to many and is an excellent way to build up a sizable retirement account. There are other types of retirement savings available, so it’s important that you’ve gone through all the options and can make an informed choice.

You can call us at 972-331-1060 to make an appointment with one of our planning professionals. We look forward to hearing from you and working together to find the right plan for your needs.