MTI030: Annuities for Retirement

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 27 March 2015

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode we take a look at how you can use annuities to save for retirement. Annuities always seem to be a good place to find controversy so we thought it would be good to break down exactly what

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.7	Stock market, wealth, personal finance, value stocks, invest in your life.
0:15.9	Thanks for tuning in to the Money Tree podcast, your source for investing in money matters. I'm your host,
0:22.1	Andrea Trevillian from Take a SmartStep.com. Today's guest is Ed Wise from Wise Insurance Group.
0:29.1	Ed is a licensed insurance agent here in the state of Texas. He also runs a great blog at wise
0:36.0	insurance group.com, where he helps educate consumers on all types of
0:42.2	insurance. Before starting his own firm, he worked for farmers in Liberty Mutual and was in
0:48.0	technology for 22 years prior to that. Thank you for joining us today, Ed.
0:56.3	You're welcome. Thank you.
1:02.5	Well, we have a super exciting topic that we want to discuss, and that is annuities for retirement. I wanted to bring Ed on, being popping back up into the conversation, so I thought we would get into exactly how annuities can help us and hurt us for retirement.
1:16.4	So Ed, what I would love to start with is kind of a brief introduction of the three types of annuities.
1:24.3	So can you explain a little bit about what is an immediate annuity?
1:33.2	Andrea, an immediate annuity is typically one that's funded with a lump sum payment of some sort.
1:43.3	One of the more common type of payments comes out of someone sold a home.
1:48.1	They want to take that money and utilize it for retirement,
1:51.4	so they buy an immediate annuity.
1:54.6	And that annuity begins to annuitize or pay the annuitant, the person who owns the annuity, within 12 months or less.
2:06.5	It has to actually, they have to begin taking payments within 12 months.
2:11.4	Okay, so they can actually defer.
2:13.3	For more than 12 months.
2:14.7	And then are those payments set out over a set number of years or just for the rest of their life?
2:21.9	You know, it really depends on how they set it up.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Money Tree Investing Podcast, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Money Tree Investing Podcast and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.