Ep56 | Why You Need A Planning Process Before Buying An Annuity

If you’re within a few years of retirement and want clarity around your retirement plan, book a complimentary consultation to build a strategy tailored to you:https://app.greminders.com/e/9bfdfdf70740f21a2e1cec4140dd884dd4ef6365Are annuities protecting your retirement plan… or creating risks you don’t fully understand yet?In this episode, we break down real-world retirement income examples using SPIAs, fixed indexed annuities with income riders, and MYGAs so you can better evaluate what these products are actually designed to do. You’ll learn why the “income value” on some annuity statements can be misleading, how guaranteed income products compare to simpler alternatives, and why choosing the right tool starts with defining the purpose of the money first.In this episode, you’ll learn:How SPIAs create lifetime income, what mortality credits are, and why payout options dramatically change the outcome for retirees and beneficiariesHow fixed indexed annuities with income riders work, including the difference between account value, protected income value, fees, and long-term flexibilityHow alternatives like MYGAs, structured investments, unitrusts, and buffered ETFs compare when balancing principal protection, liquidity, growth potential, and taxesListen now to better understand MYGAs and SPIAs so you can compare retirement income strategies with more clarity, confidence, and fewer costly surprises.🎧 Follow the show on Apple Podcasts: https://podcasts.apple.com/sg/podcast/financially-fluent/id1796392113📩 [email protected] welcome. Real answers given.Explore our free tools and resources at: www.YourNextStepFinancial.com