Episode 19: "Annuities - The Pros & Cons"

People have a wide variety of thoughts when they hear the word 𝐀𝐧𝐧𝐮𝐢𝐭𝐢𝐞𝐬. In today’s episode of 𝑹𝒊𝒈𝒉𝒕 𝑶𝒏 𝑻𝒉𝒆 𝑴𝒐𝒏𝒆𝒚, Tom and Kristin discuss the pros and cons of 𝐀𝐧𝐧𝐮𝐢𝐭𝐢𝐞𝐬, what makes people love them or hate them, and steps you can take to determine whether annuities are right for you.   So far in 2023, over 192 billion dollars have gone into annuities, and they continue to rise. Keep in mind that the 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐢𝐥𝐥 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞 𝐭𝐨 𝐠𝐨 𝐮𝐩 𝐚𝐧𝐝 𝐝𝐨𝐰𝐧, and that is why it is important to have a written plan so that no matter if its an up year or not, 𝐘𝐎𝐔 𝐖𝐈𝐋𝐋 𝐁𝐄 𝐏𝐑𝐄𝐏𝐀𝐑𝐄𝐃! So you ask, What can an Annuity do for me?   ✅Guaranteed income ✅Increasing income ✅If you pass, your spouse will continue to receive that income Jump to a segment using the 𝘁𝗶𝗺𝗲𝘀𝘁𝗮𝗺𝗽𝘀 𝗯𝗲𝗹𝗼𝘄! 👇 TIMESTAMPS 00:00 The pros and cons of Annuities 6:00 Consider who & why someone is recommending an annuity. 15:00 Why so many people are turning to annuities now. 19:00 The different types of annuities. 29:00 Questions people ask about annuities. 32:28 Why someone would want to consider an annuity. 36:45 The reasons why someone would NOT want/need an annuity. 40:30 Why this is a good time to secure an annuity or revaluate yours. 43:33 Sample client scenarios Have specific questions for Tom and the team at Mosley Wealth Management? Contact us here 👇 https://mosleywealthmanagement.com/contact/ ========================================== If you enjoy this content, please 𝐒𝐔𝐁𝐒𝐂𝐑𝐈𝐁𝐄! https://www.youtube.com/channel/UCPMvD3G1cZA1Kz4CKnwynhA?sub_confirmation=1 ===========================================   ⭐ 𝐂𝐎𝐍𝐍𝐄𝐂𝐓 𝐖𝐈𝐓𝐇 𝐔𝐒 𝐎𝐍 𝐒𝐎𝐂𝐈𝐀𝐋 𝐌𝐄𝐃𝐈𝐀⭐ - Facebook: https://www.facebook.com/mosleyeaseintoretirement - Instagram: https://www.instagram.com/easeintoretirement/ - LinkedIn: https://www.linkedin.com/company/mosley-wealth-management   Learn the key components you need to include in your retirement plan: Check this video out: https://youtu.be/QkJzvbZ_gDs #Annuities #RetirementIncome #RetirementPlanning #RetirementStrategy #FinancialEducation #FinancialLiteracy #HowToRetireEarly #RetirementPlanningAt50 #RetirementPlanningAt60 #HowMuchDoINeedToRetire #HowToRetireEarly #RetirementPlanningTips #FinancialAdvisor #SocialSecurity  DISCLOSURE: Investment advisory services offered by duly registered individuals through Mosley Wealth Management, Inc. (“MWM”). MWM and Mosley Insurance and Financial Services are affiliated companies by common ownership. License # 0K76766 Investing involves risk, including the potential loss of principal. Any references to protection, safety, or lifetime income, generally referred to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength claims paying abilities of the issuing carrier. This content is intended for informational & educational purposes only. It is not intended to be used as the sole basis for financial decisions nor should it be construed as advice designed to meet the particular needs of an individual situation. All hypothetical examples are provided for illustrative purposes only; they do not represent real life scenarios. Mosley Insurance & Financial Services nor its agents or representatives may not give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any investment decisions. Our firm is not affiliated with or endorsed by the US government or any governmental agency. Some of the information provided may be from one or more third parties which we believe to be reliable sources, but accuracy and completeness cannot be guaranteed by Mosley Insurance & Financial Services. For more information, visit: www.mosleywealthmanagement.com