Fixed Annuities

When planning for retirement, ensuring a steady, reliable income is one of the most important considerations. Fixed annuities provide a secure option for individuals looking for a predictable income stream, offering peace of mind and stability in your later years. At Mission Hispana Inc., we specialize in guiding you through the benefits of fixed annuities to help you make informed decisions about your retirement strategy.

A fixed annuity is a financial contract between you and an insurance company. In exchange for an initial premium payment or a series of payments, the insurance company guarantees to provide you with regular, fixed income payments for a set period or for the rest of your life. These annuities offer a fixed interest rate and a predictable, stable return, making them an attractive choice for conservative investors looking for safety and security.

There are two key phases in a fixed annuity: the accumulation phase and the distribution phase. During the accumulation phase, your investment grows at a fixed interest rate. Once you enter the distribution phase, you begin receiving regular payments, which can be structured to fit your specific needs—whether monthly, quarterly, or annually.
When you purchase a fixed annuity, you can choose from a variety of payment options, depending on your retirement goals. The amount you invest, your age, and the length of your payout period all play a role in determining how much you will receive in income.

One of the most appealing features of fixed annuities is the guaranteed rate of return. This means that, regardless of fluctuations in the financial markets, your annuity’s value will remain stable and predictable. The insurance company assumes the risk of market volatility, not you.

There are several benefits to fixed annuities. First, with a fixed annuity, you have the option to receive income payments for the rest of your life, ensuring that you won’t outlive your savings. This offers unparalleled peace of mind for retirement planning. Fixed annuities also grow tax-deferred, meaning you won’t owe taxes on the income earned within the annuity until you begin receiving payments. This allows your investment to grow at a faster rate compared to taxable investments.

Fixed annuities are also a low-risk option for individuals who prefer stability and predictability in their financial plans. The income generated is not subject to market fluctuations, offering peace of mind. In addition, fixed annuities can be structured in various ways. You can choose to receive payments for a specific number of years or for your lifetime, depending on your needs. Some annuities also offer options for payments to continue to your beneficiaries after your death.

At Mission Hispana Inc., we specialize in helping individuals understand and choose the best financial products to meet their retirement goals. Our experts will guide you through the process of selecting the right fixed annuity based on your needs, preferences, and long-term financial objectives.

Whether you are looking to supplement your current retirement income or ensure a steady stream of income for your entire retirement, fixed annuities offer a reliable solution. Let Mission Hispana Inc. assist you in building a strong financial foundation for your future. Contact us today to learn more about how fixed annuities can fit into your retirement plan.