One of the most common questions I get is, “Are annuities a good investment for pre-retirees or retirement and pre-retirees?” Because there is so much inaccurate information surrounding annuities, I thought it would be a great topic to cover.
We recommend that you review your situation with a qualified advisor before making a financial or investment change to ensure it is the best decision for you and your situation.
Wealth Inside and Out® Podcast: “Are Annuities a Good Investment for Retirees or Pre-Retirees?”
In this episode, you will learn:
>> (4:46) The different types of annuities and how they work
>> (9:13) How need-based expenses impact your guaranteed income plan
>> (10:16) One of the first and most important questions to ask
>> (14:35) The value an annuity can provide in retirement
>> (15:07) When an annuity is not the best option
>> (21:16) Why having your plan in place is so critical
Conclusion – “Are Annuities a Good Investment for Retirees or Pre-Retirees?”
Annuities may be a good or bad decision depending on your situation. The secret with any plan or investment allocation is to first determine what you want and need, and then create a plan that works for you. Today, we discuss some factors that will help you determine if an annuity is something you should consider.
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This information is for educational purposes only. It is not intended to replace the advice of any advisor or specialist, nor to provide investment, financial, tax, retirement, planning, or healthcare advice.
Always consult with a qualified professional before making any financial decisions or changes.
To your financially secure life,
Annette
