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Difference Between a Fixed Annuity and a Variable Annuity

by magnolia | Jan 30, 2018 | Investing

An annuity is a contract with an insurance company in which you make one or more payments in exchange for a future income stream in retirement. The funds in an annuity accumulate tax deferred, regardless of which type you select. Because you do not have to pay taxes...

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Main Office: Metairie, LA
(504) 613-2000

Contact Us at one of our 31 locations in LA, MS, AL,  and FL

Magnolia Wealth Strategies

A wealth management company that offers a full-range of financial solutions serving the needs of individuals, families, and businesses.

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  • 
  • About Us
    • Our Team
    • Our Locations
  • Our Services
    • Financial Planning
    • Wealth Management
    • Individual/Family Planning
    • Business Planning
    • Special Needs Planning
  • News/Events
  • Contact

Local firms are sales offices of Massachusetts Mutual Life Insurance Company (MassMutual), and are not subsidiaries of MassMutual or its affiliated companies.  Securities, investment advisory, and financial planning services offered through qualified registered representatives of MML Investors Services, LLC.  Member SIPC.  www.sipc.org.  3838 N Causeway Blvd., Suite 3400, Metairie, LA 70002.  504-613-2000.

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Switchboard: (504) 613-2000
Toll Free: (866) 538-3605

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Richard A. Schega, CFP®, MBA
General Agent

As the General Agent for Magnolia Wealth Strategies, a member of the MassMutual Financial Group, Rich’s goals are to continue shaping and fulfilling the company’s strategic vision by attracting, developing, and empowering top talent and providing elite support and service to the Magnolia Wealth Strategies team and clients. As one of the oldest firms in the southeast, Magnolia Wealth Strategies has over 100 financial professionals providing customized financial solutions to clients across LA, MS, AL & the FL panhandle.

Rich is a graduate of the U.S. Military Academy at West Point where he earned a Bachelor of Science Degree in Chemistry and Life Sciences with a concentration in Nuclear Engineering. In 2012, he earned his MBA in Finance from the University of Texas at San Antonio.

Whether it is his country, his team, or his clients, Rich has always been inspired to serve. As an officer in the U.S. Army, Rich spent five years in the 101st Airborne Division where he served in various positions ranging from artillery platoon leader to brigade operations. In 2003, Rich was deployed for ten months in support of Operation Iraqi Freedom where he was awarded the Bronze Star for actions during combat.

Rich volunteers regularly with several community and faith-based charities. He has also served in key community leadership positions such as the West Point Admissions Field Force Officer for the 23rd Congressional District of Texas, Board Member of the West Point Society of South Texas, and Board Member of the St. Francisville Chamber of Commerce Scholarship Committee.

In addition to his role as general agent, he’s a CERTIFIED FINANCIAL PLANNER™ and financial advisor based in Metairie, LA. Rich currently holds FINRA Series 24, 7, and 63 securities registrations.

MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. Richard Schega is a registered representative of and offers securities, financial planning and investment advisory services through MML Investors Services, LLC, Member SIPC (www.sipc.org). 3838 N. Causeway Blvd, Suite 3400, Metairie, LA 70002. (504) 613-2000.

  • U.S. Military Academy at West Point, Bachelor of Science Chemistry & Life Sciences
  • University of Texas at San Antonio, MBA, Finance
  • Certified Financial Planner (CFP®)
  • FINRA Series 7, 24, and 63
  • Life, Health and Accident licensed
  • Member of the Financial Planning Association (FPA)

CRN201905-230195

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