As a forward-thinking individual, it’s likely that you’ve already explored annuities as a viable investment option to set you up for success in retirement.

But do you really feel comfortable when it comes to understanding annuities and how they relate to your financial security in retirement? Whether or not you do could go a long way as to whether or not you are able to generate stable, consistent income from your investment.

Annuities are often pointed to as a reliable fixed income asset, and with good reason; they pay immediately (if you want them to), and you can pretty much always count on receiving your monthly (or weekly, or annual) check no matter what the market looks like.

However, there are some tips and tricks that can help you better understand annuities and get the most out of your fixed income assets.

Keep reading to learn a few fixed income tips and tricks and contact Tactical Wealth today to see how our Fixed Income Fund can provide you the peace of mind you deserve.

Get Started

Whether you’re still years away or retirement is looming soon, we say the earlier the better when it comes to planning out your fixed income.

If you go into retirement without a plan or a steady pool of income, you’ll soon find that life isn’t all as relaxing as it was promised to be. Living on fixed income can in fact be stressful, that is, if you don’t have the resources you need.

This is where understanding annuities comes in handy. With a deferred annuity, for example, you can make you investment now in order to get stable, consistent income later.

Or, if you’re looking for an annuity alternative with higher rates, you can consider the Fixed Income Fund as a viable alternative. Our investment allows you to compound interest throughout the duration of the note in order to earn more throughout the long run, thus setting you up for comfort in retirement.

Your future self will thank you.

Utilize Your Retirement Accounts

Unfortunately, retirement accounts aren’t taken advantage of nearly as often as they should be by future retirees.

You should know that your IRA and/or 401K accounts can help you earn fixed income in the future. While your maximum yearly contributions alone aren’t going to be enough for you to survive on in retirement, these investments can be re-allocated into annuity products like the Fixed Income Fund.

By moving your retirement accounts into a fixed income asset, your retirement nest egg continues to grow at a higher rate than it was before, all while providing a steady stream of income which can supplement your other sources.

Set Budgets

When you’re living on a fixed income, budgeting becomes more important than ever. You have to set limits for yourself and your lifestyle based on the amount of money you know will be coming in — whether it be from your retirement savings, Social Security, or your fixed income assets and annuities.

The most important costs you need to budget for include your living situation, transportation, health and medical, and of course food.

Whatever excess is left is what you can allocate toward “retirement rewards,” which can include things like vacations and hobbies.

Know The Terms

One of the most important tips we can provide when it comes to not only fixed income, but also when it comes to understanding annuities, is to understand the terms and conditions.

The last thing we want is for you to become trapped by a fixed income investment that you simply don’t understand — a problem that we see all too often here at Tactical Wealth.

We get a bevy of clients who say they were left confused and/or scared by their previous investments simply because they were too difficult to understand.

With the Fixed Income Fund, you can rest assured that will never happen. We want to help you when it comes to understanding annuities and making the right fixed income investments for your situation.

Contact Tactical Wealth

Are you ready to learn more about the pros and cons of fixed income annuities? Then it’s time to call Tactical Wealth. See how our Fixed Income Fund performs compared to other annuities and make the investment you deserve today.