We want you to be able to make well-intentioned, well-researched, educated decisions instead of just having ideas and preconceived notions that certain people have about annuities.
If you’re confused about annuities, this episode provides practical education so you can make empowered, informed choices about your retirement:
- Clarity on a Divisive Topic: Whether you love or hate the idea of annuities, gain a clearer picture of what they can and cannot do for you.
- Educational, Not Sales-Driven Information: This episode aims to inform, not persuade. You’ll get unbiased information so you can make well-informed financial decisions. We highly recommend you speak to your financial advisor about your specific situation.
- Benefit from Experienced Insight: Financial advisors Pete and John share over twenty years of experience to help listeners navigate confusing terms, misconceptions, and fees associated with annuities.
Key Learnings: Annuities: The Good, Bad, Ugly and Unknown
- The Four Types of Annuities: Immediate, Variable, Fixed, and Fixed Index Annuities—understand the differences, pros, and cons.
- How Advisors Get Paid From Annuities: Gain transparency on annuity commission structures and how they impact advice.
- Debunking Annuity Misconceptions: Address common myths such as “annuities have high fees” and “you can never access your money.”
- Consider The Suitability of Annuities: Learn why some people benefit from annuities while others don’t—and how to tell where you fit in.
- Comprehensive Financial Plan Reviews Available: Free financial plan analysis to assess your options and discuss if annuities are right or wrong for your financial future.
If you’re worried about money lasting in retirement, that’s a sign that you may want to look at your overall investment approach and assessing the different options available. It’s not always about changing your financial advisor, it’s about becoming informed.
Do you already have an annuity? Are you considering purchasing one? Do you really understand it? Do you know the positives and the negatives? And if you’ve got one, do you know how to make the most of it? We always tell folks that if you don’t, you should think about getting a second opinion.
Schedule a free Financial Plan Checkup to help ensure you have a solid and comprehensive retirement plan suited to your specific needs and goals.
Click here to schedule your Free Financial Plan Checkup, or give us a call (615) 488-9303 📞
Download Beacon’s free Retirement Planning Checklist, a valuable resource to help ensure you’re considering all the important areas of retirement.
You’ll learn:
- How much the average retiree spends each year, so you can get an idea of what your retirement lifestyle may cost you.
- How to account for increasing healthcare and long-term care expenses and housing costs, so you can thoughtfully consider what will best serve you and your spouse.
- How to utilize Social Security within your retirement plan, so you don’t miss out on that money you’ve earned.
- The importance of a second opinion on your current portfolio, so you can uncover any hidden fees and potential income gaps in your plan that could cost you big in retirement.
- When to evaluate your goals, progress, and plan your RMDs (Required Minimum Distributions).
- The role financial products, including annuities, play in retirement.
Need more resources to know if annuities are right for you? Here are some more annuity-related free resources:
Beacon Capital Management Article:
- What Is An Immediate Annuity and When Do Payments Start?
- What Is Retirement Income Planning?
- How Long Will My Retirement Savings Last?
- What Is a Good Monthly Retirement Income?
Beacon Retirement Strategies Radio Show:
- The Most Popular Retirement Questions
- Money Myths and Surprising Truths
- Key Steps To Take If You Plan to Retire In The Next 10 Years
- Are You Missing Out On Tax-Free Money?
- Five Essential Pillars of Financial Planning
Retirement Talk YouTube Show: