Annuities, part three. I'm about to talk about variable annuities, indexed annuities, and a common

guaranteed withdrawal rider in this, the 22nd episode of the Retirement Planning Education

Podcast.

Welcome to the Retirement Planning Education Podcast, where you can learn all about IRAs and Roth IRAs, employer retirement plans, taxes, Social Security, Medicare, portfolio withdrawal strategies, annuities, estate planning, and much more. And now here's your host, Andy Panko.

All right, part three of annuities. Let's do this.

So this is the final part of this three-part series on annuities.

In part one, a couple weeks ago, it talked about intro to annuities and multi-year

guaranteed annuities, otherwise known as MiGAs, MIGA.

Last week, part two was about income annuities, otherwise known as migas, MIG-E-A. Last week, part two, was about income annuities,

or just straight-up guaranteed payment annuities. And the different payout options you can elect,

or the main ones at least, you can choose from when electing a payout option on an annuity.

This week, I'll be talking about two other kinds

of annuities, variable annuities and indexed annuities, otherwise known as fixed indexed annuities.

And I'll be wrapping with a discussion of a common withdrawal rider. And rider, for those

who don't know, it's just fancy insurance speak for option

an extra option you can buy and tack onto your insurance product that that's all the word

rider means so one of the the more common riders with these annuities a variable and index

annuities is to tack on something that will let you eventually

take guaranteed withdrawals. Not guaranteed payments per se, there's a difference. Like with the

income annuity we discussed last week, you actually hand over your money irrevocably to the

insurance company in return for getting a lifetime stream of payments, no more, no less.

With these riders is a little different. They still sort of look and feel like you're getting

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