Not Your Average Financial Podcast™

Episode 81: Why They’re Wrong About Annuities and 8 Ways Annuities Pay

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In this episode, we ask:

  • What did the MarketWatch article say about annuities?
  • How are annuities related to the market?
  • How are annuities related to the insurance industry?
  • What is a Fixed Indexed Annuity (FIA)?
  • What are the additional benefits?
  • What’s the term on an annuity?
  • How can you learn more about annuities?
  • What are the fees on FIAs?
  • What are surrender charges?
  • Are annuities liquid?
  • What about rollovers?
  • What about commissions?
  • How much are you paying?
  • What about thinking long range?
  • Is it better to pay a higher percentage for one year or a lower percentage over time?
  • Do annuities allow for access to your cash?
  • What intentions does one set with annuities?
  • What about nursing home provisions?
  • What about lump sums?
  • What happens if you die “early”?
  • What happens after the surrender period?
  • What are the beneficiaries entitled to receive?
  • What about guaranteed payments?
  • Is an annuity a “privatized pension”?
  • What are the eight ways annuities pay?
  • What are withdrawals?
  • What is the difference between a surrender and a withdrawal?
  • How much can you access from a contract via withdrawal?
  • What are annuity income payments?
  • How do income payments work?
  • How can you use a Bank on Yourself type policy for income?
  • How can you turn on income?
  • What is an immediate annuity?
  • How might immediate annuities fund life insurance contracts?
  • What is a substantially periodic payment?
  • What is a strategy to pay for kids college without market volatility?
  • What is a combination plan?
  • What about multiple streams of income with annuities?
  • How can you make your income more resilient?
  • What about pre-retirement annuities?
  • What about post-retirement annuities?
  • What about required minimum distributions (RMDs)?
  • What about the penalties on RMDs for qualified plans (401ks and IRAs)?
  • What about meeting the government requirements?
  • What about death benefits on annuities?
  • Are you surprised that annuities offer death benefits?
  • What are some of the ways an annuity can pay out?
  • Do you need a trust for an annuity?
  • How can you customize an annuity to suit your family’s needs?
  • What about nursing homes?
  • What about long term care?
  • What happens to annuity payments when you have a long term care need?
  • Would you like to learn more?
  • What are people saying?

    • ...more
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