What is a fixed index annuity?
A fixed index annuity is a type of long-term insurance contract that provides income retirement. These payments are based on the performance of stock market indexes, delivering payments based on the returns of this index. Fixed Index Annuities have protection against losses, but they also limit your potential gains. Still, they are a great choice for a stable, reliable 401k retirement plan. Wake County residents can gain the full advantages of this type of contract with the help of Peace of Mind Wealth Management.
How much should I be saving each month for retirement?
You should ideally be saving anywhere from 10-15% of your income for retirement. This can also be challenging at the best of times, and if you have delayed on starting your financial plan then you may need to figure out effective ways of paying more. Luckily, we have expertise in everything from 401k retirement plans to fixed index annuity, allowing Wake County residents a worry-free plan for their financial future.
How should I vet financial advisors?
We think highly of our services and expertise, but understand your need to find a financial advisor that will work for you. When choosing a finance advisor in Wake County, try to have a conversation with them. Be sure to ask them several questions about their experience, certification, typical clients, investment philosophy, and specialties. In other words, consider what your own financial needs are and the ability of a financial advisor to support them.