Understanding Annuities: The Good, Bad & Ugly

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Today's Hack

You’ve probably heard some mixed opinions on annuities in your lifetime. But before you get swayed one way or another, it’s important to understand what exactly an annuity is and how they work.

 

You’ve probably heard some mixed opinions on annuities in your lifetime. But before you get swayed one way or another, it’s important to understand what exactly an annuity is and how they work. Listen in as Phil breaks down the difference between immediate and deferred annuities and offers insights into their benefits and drawbacks.

Stay tuned as we cover when an annuity might be appropriate for your plan and address some common misconceptions that have given annuities a bad reputation.

Remember, when it comes to financial planning, it’s important to keep an open mind and ensure you have tools in your toolbelt that get you closer to your goals. Working with a fiduciary who prioritizes your best interests can help you navigate the annuity landscape with clarity and confidence.

Here’s what we discuss in this episode:

1:08 – What is an annuity?

10:04 – When might an annuity be appropriate?

13:20 – The misunderstood features of annuities

18:31 – Working with a fiduciary that has your best interest in mind

 

If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.

 

Understanding annuities

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