In this episode, we break down the basics of the 5 different types of annuities, what their intended purpose is and how they can be used appropriately in retirement.

1) Immediate Income Annuities

2) Deferred Income Annuities

3) Multi-Year Guaranteed Annuities (MYGA)

4) Variable Annuities

5) Fixed Index Annuities

Understanding the basics is the first step in determining if an annuity is right for you, if so, which type, and then how much to consider investing to meet your overall goals.

Get a Free Annuity Comparison report here:  https://annuityassociation.com/findyourannuity

Key Take Aways:

#1  Annuities are tools just like any other financial vehicle.  When you understand their intended purpose and how to use them appropriately in a retirement portfolio, they can be very powerful.

#2  Annuities are one of the only vehicles in the financial world that offer contractual guarantees on safety, growth and income for life.  

#3  Fixed Index Annuities can be a powerful tool to shield your retirement nestegg from market volatility during the most crucial period of time which is 10 years before and after retirement.