Today on Your Money, Your Wells Podcast number 374, Joe and Big Al run a retirement annuities

football analysis. When exactly is it appropriate to buy an annuity? Why am IW regulars? You get

three guesses on Joe's answer and the first two don't count. Plus, when might it make sense

to take Social Security early and what are the rules for collecting survivor social security

benefits? Finally, how does net investment income tax, aka N-I-I-I-T, or the Medicare surtax on long-term

capital gains, impact a house sale? And is it possible to do a 1031 exchange from rental real estate

in Utah for investment property in California.

I'm producer Andy Last and here are the hosts of Your Money, Your Wealth, Joe Anderson, CFP, and Big Alclopine, CPA.

Gene writes in from San Diego, he goes, when is it appropriate to buy the new?

Never. I knew you're going to say that.

Next question, please.

I don't know, Gene.

Well, if you were going to buy an annuity.

I mean, you would want to buy an immediate annuity that you're exchanging cash for income that will last the rest of your

payment stream. Right? Most annuities are a little different. Yes. I don't know. I mean,

what do you think, Al? I think if you have, if you really can't handle at all the ups and downs

of the market and you need a cash flow. It's like buying a pension plan.

But I think you're right. I think you want to buy an annuity that's simple, that you understand,

that you get immediate payments. Do it when you're ready to have a payment stream.

Yeah. Otherwise, if you don't understand it, if it sounds to be true, it probably is. So just kind of

be careful on that end. But

annuity is insurance. So you're buying income is what you're doing. So if you have longevity

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