Are Annuities a Good Investment for Retirees or Pre-Retirees?

One of the most common questions I get is, “Are annuities a good investment for retirees or 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.

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

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.

Enjoy the episode.

Links Referenced in the Show:

The Residual Income Guide: https://themillionaireinsider.com/rig

Request Support from our Team: https://themillionaireinsider.com/sr

Get your Free Financial Checkup: https://themillionaireinsider.com/fc

Show notes and more information: https://themillionaireinsider.com/124

This information is for educational purposes only and is not intended to provide financial, investment, or planning advice.