#48: The Finance Flash Go Podcast | Important Topics About Money | Annuities

Today on the Finance Flash Go! podcast, it’s all about annuities! An annuity is a contract between you and an insurance company. Basically, you agree to make a lump-sum payment or series of payments and, in return, receive regular disbursements, beginning either immediately or at some point in the future. These are insurance contracts that promise to pay you regular income either immediately or in the future. Therefore, many people find them useful and buy them for retirement. If they are not sure that their money will last until they die, they buy an annuity to ensure that they always have some “income.” Annuities come in three main varieties—fixed, variable, and indexed—each with their unique risks and payout potential. Notably, the income receives from an annuity is taxed at regular income tax rates, not long-term capital gains rates, which are usually lower. Please enjoy the Finance Flash Go podcast! We plan to release a new episode every weekday answering important finance questions. If you ever want to submit a question to our podcast, send an e-mail to [email protected], and please be sure to check out Jordan Frey’s blog prudentplasticsurgeon.com where he gives great financial advice. A brief disclaimer While we are providing knowledge and awareness around financial topics in this show, we are not held responsible for any financial decisions you choose to make in response to the podcast. We hope to provide accurate information in regards to money and different methods of wealth creation, but it is always the learner’s responsibility to due their due diligence before making important financial decisions. We hope you enjoy the show and thanks for tuning in, and if you like the podcast please subscribe, share, and leave us a review on the podcasting platform of your choice!