Understanding Annuities - Episode #1040

Welcome back to the Community Corner podcast! Join Olivia and Rashmi as they talk about annuities! Happy April Fools from the CC team! Don't forget to subscribe and leave a like to stay tuned for future episodes! Follow us on Instagram - @communitycorner_podcast Timecodes: 0:15 - Introduction 0:28 - What are Annuities? 0:52 - Accumulation Phase 1:30 - Different Tax Deductions 1:40 - Annuitization Phase 1:51 - Deferred Annuities 2:10 - Surrender Period 2:31 - Withdraws 3:20 - Financial Advisors 3:35 - Different Annuities Available 4:05 - Market Risk 4:17 - Features 4:32 - Death Benefits 4:42 - Cost of Living Rider 4:53 - Beneficiaries 5:17 - Illiquidity 5:35 - Who are Annuities for? 5:51 - Which Company Should I Use? 7:18 - Conclusion