Annuities Explained: Guaranteed Income, Fees, and Trade-Offs

An annuity is an insurance product that turns a lump sum into a guaranteed lifetime income stream, essentially a personal pension you create yourself. In this episode, Ryan explains how annuities work, why they protect against outliving your money, and the counterintuitive way they are the opposite of life insurance.Ryan also covers the real drawbacks: high and sometimes hidden fees, complexity, and giving up liquidity. Aaron and Ryan walk through who might benefit from the guaranteed income an annuity provides and who would likely be better off without one. This is education, not personal advice, so talk with a licensed financial and insurance professional before making any annuity decision.Find "Your Fiscal Physical" the book on AmazonIf you have suggestions or feedback, please email us at: [email protected], as always, Stay the Course!