Annuities are financial products commonly used in retirement planning. They are insurance contracts that are designed to provide a regular stream of income during retirement or for a predetermined period. Annuities can be purchased from insurance companies and are often used to supplement retirement savings.

There are several types of annuities, including fixed pensions, variable annuities, indexed annuities, and immediate annuities. Each type of annuity has its unique features and benefits. In today's episode, Bryan will help you understand how they work before incorporating them into your retirement plan.

What You’ll Learn from This Episode:

[2:34] Annuity Income: Asset Value

[6:37] Laying Out Annuity Options

[8:08] Joint Payments vs. Single Payments

[14:59] There's a value to having the income

[15:53] Cash Flow is a calculation to see which one is more valuable

[17:54] We can project better results with an index annuity, but it's not guaranteed

[19:38] Difference between guaranteed income and discretionary income

Key Quotes

[9:49] "It's effortless to find the highest level of guaranteed income."

Resources:

Annuity Newsletter

Call Annuity Straight Talk at 800-438-5121 or schedule a call at AnnuityStraightTalk.com