We’ve all heard about annuities, but there’s still tons of confusion about them. What are the different types of annuities? And are any of them worth having?

On this episode:

1:20 - There are four types of annuities.

2:58 - Immediate annuities are like a pension--payment for the rest of your life.

4:04 - The downside of immediate annuities.

5:05 - A fixed annuity is like a CD.

6:10 - The variable annuity has the worst connotation of the four types of annuities.

9:51 - Finally, the fixed index annuity interest rate is dependent on the movement of an external market index.

Show notes and additional resources: http://petersonfg.com/lets-talk-about-the-a-word-annuities/