Annuities are among the financial products that can spark a lot of strong opinions. Some people love them, while some people warn everyone to stay far away from them. A lot of people are stuck somewhere in the middle, trying to figure out what an annuity actually is, what it does, and whether it makes sense for their situation.

The hard part is that annuities come with a lot of jargon, fees, surrender charges, and sales language that can make them hard to understand. And when you're making decisions with retirement money, your TSP, a pension, or other savings, confusion can get expensive fast.

In this episode, Tracy Lownsberry, founder of Annuity Giants, Army veteran, and annuity expert, breaks down annuities in plain English. We talk about what annuities are, the problems they're designed to solve, who they may or may not be right for, what military families should consider, and the red flags to watch for before buying one.

For more information, visit the full show notes at https://milmo.co/podcast/annuities-explained-without-the-sales-pitch

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