Episode 41: Introduction to Annuities (Part 1)

Annuities are long-term financial contracts between a policy/contract owner and an insurance company. Annuities are insured by the claims paying ability of the insurance company. Lifetime income could be a big positive for an annuity, but there are likely surrender charges and potential tax penalties for early withdrawal of the assets.  For more information go to: www.mosleywealthmanagement.com