Fixed Annuity
What is a Fixed Annuity?
A fixed annuity provides a guaranteed income for investors, for retirement. You make payments to an annuity company, which then promises to pay you a fixed return on your contributions no matter how the market changes and fluctuates. Fixed annuities offer a simple and dependable source of investment income for your retirement plan. You…
What is a Good Rate for a Fixed Annuity?
When determining the best rate for a fixed annuity, one must first determine what your goal for the annuity is. Will it be for income now or when you retire? Or asset protection? Many annuities will fit into all categories, but some excel better in specific areas. Since an annuity is an insurance contract in…
Are Annuities a Good Investment in 2022?
During the pandemic, annuities bottomed out for the most part. Since the beginning of 2022, annuities have begun to trend up. Buyers who are generally retirees or those near retirement age, may find their payouts better than they were in January of 2022. This increase is expected to continue, if the Federal Reserve continues raising…
How Does Fixed Annuity Work?
To understand how a fixed annuity works, you must first understand what a fixed annuity actually is. A fixed annuity is a financial product that guarantees a specific rate of return and provides a steady stream of income during retirement. With a set annuity, the investor knows exactly how much the annuity will grow and…
Insurance with Jim Rooney
Jim Rooney is the owner of Advanced Insurance Concepts. He built Advanced Insurance Concepts to allow him to serve his clients to the best of his ability and to find the best possible solution for their health, live and accident insurance needs. There are over 25 insurance companies; plus, all of the Medicare Advantage providers…
What is a Fixed Annuity and How does it Work?
A fixed annuity is a type of insurance contract that promises to pay the buyer a specific, guaranteed interest rate on their contributions to the account. With a fixed annuity, the insurance company guarantees both the rate of return and the payout to the investor. For example, if you purchased a fixed annuity at $175,000…
We're Here to Help!
Some Title Goes Here
Text goes here...