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Retirement Answer Man

Is an Annuity Right for Retirement? Annuity Basics

Retirement Answer Man

Roger Whitney, CFP®, CIMA®, RMA, CPWA®

Education, Investmentmanagement, Saving, Self-improvement, Careerplanning, Retirement, Business, Lifeplanning, Investing, Retirementplanning, Financialplanning, Retirementpodcast

4.61.2K Ratings

🗓️ 3 July 2019

⏱️ 34 minutes

🧾️ Download transcript

Summary

Do you know the annuity basics? Over the next 4 episodes, we will explore annuities to see if they have a place in your retirement journey. We’ll discover how they work and if they can help you rock retirement all the way into your 80’s, 90’s,...

Transcript

Click on a timestamp to play from that location

0:00.0

When you are 80 or 90 are going to be as agile in your decision making as

0:07.0

agile in your decision-making as you are today? Probably not. That's why this month on the retirement

0:19.2

Antriman's show we are going to explore whether you should make decisions today for your future

0:28.0

self in the form of securing lifetime income using annuities.

0:34.3

Oh yeah, get your nerd on this month.

0:37.6

So we're going to explore annuities on the show and whether they have a place in your retirement journey.

0:44.0

So welcome to the show.

0:46.0

My name is Roger Whitney.

0:48.0

I am your host, and this is the show dedicated

0:52.0

to helping you not just survive retirement. We want you to

0:57.0

rock retirement not just now while you're agile but we want you to be able to

1:02.0

rock retirement securely in your 80s and in

1:06.1

your 90s, hey maybe even into your hundreds.

1:09.1

I think this is a good segue from our topic last month of longevity in retirement.

1:17.6

So today what we're going to do is we are going to focus on the basics of what the heck is an annuity. So we understand the basics and

1:27.6

then we'll start to piece together over the month how different types of annuities work and how they might or might not fit into your journey.

1:39.0

So strap yourself in, you're going to be a nerdy month. We'll try to make it as fun as possible. But first, that all-important disclaimer.

1:47.0

So I was asked recently if I could put this very annoying disclaimer at the end of the show

1:59.0

that maybe even mentioned this before. Well, I could, but I'm not.

2:05.2

This is important.

2:06.8

It's important that you remember that, hey,

2:09.4

nobody knows your situation.

...

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