The Different Kinds Of Annuities

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. [spp-timestamp time=”1:10″]
  • When a deferred annuity gives a payout. [spp-timestamp time=”3:44″]
  • Variable annuities give all the other annuities a bad reputation. [spp-timestamp time=”5:08″]
  • What the risk is when investing in a fixed annuity. [spp-timestamp time=”8:04″]

 

Today’s Takeaway:

That’s what annuities do: they pay for life.

-Eric Peterson

 

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