We’ve all heard about annuities, but there’s still tons of confusion about them. What are the different types of annuities? And are any of them worth having?
On this episode:
1:20 - There are four types of annuities.
2:58 - Immediate annuities are like a pension--payment for the rest of your life.
4:04 - The downside of immediate annuities.
5:05 - A fixed annuity is like a CD.
6:10 - The variable annuity has the worst connotation of the four types of annuities.
9:51 - Finally, the fixed index annuity interest rate is dependent on the movement of an external market index.
Show notes and additional resources: http://petersonfg.com/lets-talk-about-the-a-word-annuities/
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