08: Annuities: Everything You Never Wanted to Know
from A Place of Possibility Hosted by Richard Del Monte and Angela Wright
Annuities sound great, right? Who doesn't want a guaranteed income stream for the rest of their life? Yes, that may sound great, but these insurance contracts actually come with A LOT of warnings. Many people don't understand them with all the confusing terminology and dozens of pages to go through. It's no wonder issues arise—who's going to read between the lines when what they think they see are dollar signs? If you're thinking about buying one, or even if you already have one, this episode is for you. We're diving into a discussion on annuities and covering everything you should know, which includes: What an annuity is. How they work. Why they exist. The types of annuities available. The pros and cons. Special considerations. What you should do if you already have one. And more! Sure, annuities might make sense in your financial landscape and retirement plan. They might even offer you some benefits, but we're here to make sure you do not just see smoke and mirrors. Our goal is to ensure you keep, grow, and enjoy your wealth. So, download your free copy of the Know Your Possibilities guide below and get to taking notes. We're sharing stories, insights, and solutions to help you make the most of your retirement.
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