(Click the featured times below to jump forward in the episode)
Equipping Points:
To some people, an annuity is almost like a dirty word. In reality, there are a lot of different kinds of annuities, and some are better for your financial plan than others.
Are any of these the right tool to meet your needs? Eric explains the different annuities available and talks through the upsides and downsides of each one.
Listen to the entire episode or skip ahead to a particular question using the timestamps below.
- How an immediate annuity works and when it’s useful. [1:10]
- When a deferred annuity gives a payout. [3:44]
- Variable annuities give all the other annuities a bad reputation. [5:08]
- What the risk is when investing in a fixed annuity. [8:04]
Today’s Takeaway:
That’s what annuities do: they pay for life.
-Eric Peterson
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