EASE Into Retirement

Episode 41: Introduction to Annuities (Part 1)


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  • Annuities are long-term financial contracts between a policy/contract owner and an insurance company.
  • Annuities are insured by the claims paying ability of the insurance company.
  • Lifetime income could be a big positive for an annuity, but there are likely surrender charges and potential tax penalties for early withdrawal of the assets. 


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EASE Into RetirementBy Tom Mosley