The time has come again to open up the mailbag and find out what financial questions are on your mind. Today we get three questions dealing with variable annuity investments, flipping houses for income, and carry mortgage debt into retirement. Find out what Joel thinks about each of these topics on this episode.

 

Read more and get additional financial resources here: https://johnsonbrunetti.com/mailbag-variable-annuities-flipping-houses-and-mortgage-debt/ 

 

What we discuss on this show: 

0:21 – Mailbag Question: We have an opportunity to refinance at a lower rate but it would be a 15 year mortgage and we only have 5 years left to pay now. It seems like a bad idea to have a mortgage heading into retirement. What do you think?

1:23 – Mailbag Question: What’s your opinion of flipping houses as an investment strategy?

4:59 – Mailbag Question: I have variable annuity that seems to have a nice income guarantee associated with it, but I have heard many people say variable annuities are usually a bad deal. What am I missing?

7:49 – A Money Map review will help get your questions answered.