One of the great uncertainties in retirement is how long your savings will need to last. So, could annuities provide an answer? 

On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Aaron Minney, head of retirement income research at Challenger, to unpack everything annuities.

00:00 Introduction

00:50 What are annuities?

01:33 Understanding how annuities work

04:40 Annuities vs account-based pensions

06:32 Pros and cons of annuities

09:02 Which retirees could annuities suit?

13:23 Sequencing risk and annuities

16:42 Perceptions and awareness

20:20 Conclusion

#friendswithmoney #tomwatson #aaronminney #annuities

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