Not Your Average Financial Podcast™

Episode 213: 8 Ways to Prosper From Annuities

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In this episode, we ask:

  • Do annuities stink?
  • What are the retirement experts saying?
    • In this episode, I explore the Kiplinger’s Article from June 3, 2021 on 8 Surprising Ways to Prosper on Annuities and add some of my own thoughts. Have you read this article? It’s really good… 
    • What are the three questions you need to ask yourself before buying an annuity?
    • How do you want to fund your annuity?
    • Can you add to a flexible annuity?
    • When do you want the money?
    • What is a SPIA (a single premium immediate annuity)?
    • What is a deferred annuity?
    • What about earning interest?
    • How do you want it to grow?
    • What is a fixed annuity?
    • What about variable annuities?
    • Who assumes all of the risk?
    • What is guaranteed?
    • What about a fixed deferred annuity?
    • What about a declared rate annuity?
    • What about the interest calculation?
    • How does an annuity compare to a CD?
    • What about the S&P 500?
    • What about when the market is up?
    • What about when the market drops?
    • What about allocations?
    • What about locked-in increases?
    • What is the safety of a fixed indexed annuity?
    • Does a fixed indexed annuity make sense for you?
    • What about charity?
    • What about long term care?
    • What about estate planning?
    • What about RMDs?
    • What is the bucket strategy?
    • What about the short term?
    • What about the medium term?
    • What about the long term?
    • What is laddering?
    • What is a bond market hedge?
    • What about period certain income?
    • What is bond market risk?
    • What about transferring wealth to your heirs?
    • Would you like to hear Episode 211?
    • What about an annuity with a death benefit?
    • What about a series of payments?
    • What about a joint life annuity?
    • Who is your survivor?
    • Does your survivor need to be a spouse?
    • What about a child or grandchild?
    • Does an inheritance strategy change the monthly income amount?
    • Does the annuity bypass probate?
    • What about social security benefits?
    • What about waiting until age 70 to take social security benefits?
    • What happens to the monthly amount?
    • What are the downsides?
    • What about health?
    • What about reliable income?
    • What about long term care expenses?
    • What about underwriting for long term care in an annuity?
    • Do they require medical exams?
    • What about giving more money to charity?
    • What is a charitable gift annuity?
    • What about minimizing estate taxes?
    • What about loss of liquidity?
    • What about reducing your required minimum distributions (RMDs)?
    • What is a QLAC or qualified life annuity contract?
    • Are you forced to take money out of qualified plans?
    • What happens at age 85?
    • How might one beat a CD at its own game?
    • What is a MYGA or multi-year guaranteed annuity?
    • What about a fixed period of time?
    • What about an additional savings bucket for retirement?
    • What about a fixed annuity over a certain period of time?
    • What are the options?
    • What’s the difference between a CD and a MYGA?
    • Who issues a CD?
    • Who issues a MYGA?
    • What about interest?
    • What about tax?
    • What about medical bills?
    • What about a strategy?
    • You’ve heard of deferred tax? What about deferred income?
    • What about two streams of income?
    • What about pay raises?
    • What about growth?
    • What about repaying a whole life insurance loan?
    • What surprising ways have you prospered from annuities?

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