In this episode, The Annuity Man discussed:
The Annuity PILL
The best inflation annuity
Annuities are a transfer of risk
Key Takeaways:
Annuities provide lifetime income, principal protection, legacy planning, and long-term care benefits. If you’re not solving for any of those, then you don’t need an annuity.
Social Security is the best inflation annuity and you can use it along with pensions to establish an income floor.
Annuities offer contractually guaranteed solutions by transferring risk to insurance companies.
"Remember that you own an annuity for what it will do, not what it might do." — Stan The Annuity Man.
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