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Jill on Money with Jill Schlesinger

Coronavirus: Annuity for Retirement?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.61.8K Ratings

🗓️ 11 August 2020

⏱️ 10 minutes

🧾️ Download transcript

Summary

Should you add a fixed annuity as part of your overall retirement portfolio? If you're considering it, you better take a look at the low interest rate environment we're living in. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Show The old is always is 18 and 5 years old

0:15.0

30 years old, lost to men and culture in happen and

0:19.0

be right for a hair house for the wrongs.

0:22.0

Fly bake. No, Gary, then be better. for a fly bake

0:23.6

new gyrh, then we've up the next

0:25.8

of Lufthans a group ponged careers

0:28.8

welcome to the Jill on Money Corona virus Market update. It is Tuesday, August 11th.

0:38.4

And we are here to help you navigate your August financial questions.

0:45.0

Who knows?

0:45.7

Maybe there are September questions around the corner,

0:48.6

but for now, let's deal with your,

0:50.4

at least your dog days of August questions.

0:53.2

And if you've got anything that's on your mind,

0:55.8

it's remotely financial, send us an email.

0:58.1

Ask Jill at Jill on Money.com.

1:01.2

Ask Jill at Jill on Money. com. Now this is from Kenneth who writes the following. Love your show today and every day. I love you too. I don't care if you were a pain in the ass in kindergarten and was kicked out of the brownies. I still love you. I love your spirit and your desire to help people. I'm a huggy person and also would hug you if I had the opportunity.

1:24.0

Enough of the mushy stuff. Now I have a question. I'm hugging you right back, Kenneth. I'm right there with you.

1:29.0

Okay. Should I buy an annuity as part of my retirement portfolio? Here are my details.

1:35.0

IRA that is at Fidelity, $760,000.

1:39.0

IRA managed by an advisor, $300,000.

1:43.2

He wants to take 150 of the IRA

1:46.1

that he manages and invested in an annuity

...

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