Annuities in Ashland, Oregon
Planning for your financial future can be a complicated and even intimidating task. However, procrastinating your plans isn’t likely to help. By making the right decisions today, you and your family can enjoy greater security and stability down the road. Annuities are a particularly valuable tool with which you may wish to familiarize yourself. By using these financial tools successfully, you can cultivate valuable resources for the future.
What Are Annuities?
Annuities can generally be seen as investments you make that can secure and foster future savings and reliable income. Insurance companies often sell these products and typically entail you, as the consumer, purchasing them as an initial investment. Over time, your annuities can gain value. Eventually, you can initiate an annuitization process through which you can withdraw your annuities and enjoy a stable income stream.
Which Type of Annuity Is Right?
There are many types of annuities from which you may need to choose. Some of the most common forms include the following:
- Fixed annuities—These products can provide a guaranteed minimum interest rate and will not lose value beyond your initial investment, thus offering a relatively safe choice.
- Variable annuities—This type of annuity can provide a more aggressive investment approach as their value is tied directly to market conditions.
- Indexed annuities—These annuities may offer a middle ground between fixed and variable annuities, establishing a minimum guaranteed interest rate while tying growth to an underlying index, such as the S&P 500.
We’re Here to Help
At Reinholdt & O’Harra Insurance, we’re well-versed in annuities and will help you understand your options and make the right selections. Contact us today to begin assessing your needs and securing your financial future.