Depending on who you ask, the opinion you get on annuities will be all over the map. Some people love the guaranteed income while others believe they’re an awful investment. What we want you to understand is that every financial tool may or may not be effective for you so it’s important that you have all the information.
Since annuities are one of the more polarizing financial products out there, let’s take a step back and look at what annuities do and what options are out there. Then we’ll evaluate the pros and cons so you can start forming your own opinion.
Here is some of what you will learn in this episode:
- The different types of annuities and how they work. (3:37)
- The cons of fixed annuities. (9:33)
- The cons of variable annuities. (14:47)
- The pros of annuities. (17:44)
- The important jargon you need to know with annuities. (23:59)
If you have any questions about what we discussed or anything else in your financial plan, email us at email@example.com.