Should I Buy an Annuity?
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 22 January 2022
⏱️ 6 minutes
🧾️ Download transcript
Summary
Sometimes annuities make sense, sometimes they don't. Here's the latest scenario.
Have a money question? Email us, ask jill [at] jill on money dot com.
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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. |
| 0:05.7 | It is Saturday, January 22nd. |
| 0:08.6 | And we are here to attempt to take the mystery out of your financial life. |
| 0:13.8 | Mark, just be prepared. |
| 0:15.1 | We were about to get slammed with many, many, many tax questions. |
| 0:19.2 | I know it because it's going to be a confusing tax season |
| 0:22.7 | and tax season opens up on Monday. And so if you've got a tax question and you want us to |
| 0:29.1 | answer it, just go to the website, jillonmoney.com, jillonmoney.com and click the contact button. |
| 0:36.4 | Okay, so here's something a little bit different. I am inviting |
| 0:39.8 | you guys to join a webinar. Yeah, I'm co-hosting a webinar with Brent Weiss. He's a certified |
| 0:46.6 | financial planner and head honcho, one of the head honchos, I should say, over at Facet Wealth. |
| 0:51.6 | The webinar is called Your Money in 2022, what's News, What's Noise, and What You Need to Do. |
| 0:59.7 | We'll put a link to the registration in the show notes, but it's going to be fun and it's going to be, |
| 1:05.1 | you know, an hour. It's not going to be five hours, okay? It is on January 27th at noon eastern time. There are limited spots |
| 1:14.7 | available, so you should register if you can. All right, so check it out. Let's go and talk to |
| 1:20.6 | Karen in Kentucky about one of my triggers in life annuities. I've got a question about if you're familiar with a single purchase longevity annuities. |
| 1:34.3 | Yes, of course. |
| 1:36.1 | Okay. |
| 1:36.7 | And can you give me your fill on that? |
| 1:40.1 | Sure. |
| 1:40.6 | Tell me a little bit about your life and how this could or could not work for you. So what's going on for you? Are you retired right now? I'm 63 and, yes, I just retired a few months ago. Okay. I've got other RAs. Since I retired, I do get a pension. So, you know, I'm okay, financially okay. |
| 2:01.6 | With all that, paid off my home, and so I don't have any bills per se. |
... |
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