My Planner Is Suggesting I Buy an Annuity
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 18 August 2025
⏱️ 17 minutes
🧾️ Download transcript
Summary
A financial planner is suggesting I purchase an annuity as a "private pension." Is this product necessary in my situation?
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Transcript
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| 0:00.0 | Welcome to the Jill on Money Show. |
| 0:05.4 | It's Monday, August 18th, and we are here trying to provide you with, you ready for this? |
| 0:11.6 | Unconventional and entertaining insights on your money and your life. |
| 0:15.3 | Mark, I think I wrote that 15 years ago when I was pitching the radio show to Harvey, who is then our boss. |
| 0:24.0 | Unconventional and entertaining insights on your money and your life. |
| 0:27.8 | This is why my friend Raoul thinks we should call the show Jill on Life. |
| 0:31.4 | But Jill on Money does have a, you know, kind of tells you more about it. |
| 0:34.4 | The reason why we talk about your life is that so many of the things |
| 0:38.6 | in your life touch your finances, so many of the big decisions that you make. For example, |
| 0:44.9 | I mean, I was just talking to somebody about college and this is a recent grad. This young man |
| 0:51.6 | said to me, you know, had I really understood what it meant to have debt, |
| 0:56.0 | there's no way I would have chosen the college that I chose. And I'm not sure it is actually, |
| 1:01.0 | I don't know if we can really articulate and get through to our youngsters. These decisions |
| 1:06.7 | actually have a ramification sometimes sooner than you would think, but it's worth trying. |
| 1:13.0 | So everything in your life that touches a dollar bill might need a little assistance. |
| 1:18.4 | Mark and I are both certified financial planners, and we don't do it for a business. |
| 1:23.6 | We just do it for these shows, for this show, for our Money Watch podcast, for our radio show. |
| 1:29.9 | It's just a lot of fun to be able to walk people through the things they need to think about as they're contemplating their next step. |
| 1:37.5 | So if that's you and you'd like to join us, go to jillonmoney.com, click the contact us button, write us a note. And if you'd like to join us on |
| 1:45.7 | the program, check the box. Mark will do everything else. While you're on the website, don't forget |
| 1:50.4 | to sign up for the free weekly newsletter. That newsletter comes out on Fridays. Mark compiles |
| 1:57.2 | all sorts of things that are going on in the financial world. Some of the things that I write, some of my videos, some of them are what other people write, but it is a good way to |
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