Welcome back everyone. It's Finance Friday, another special edition of Money Girl

where I answer your burning money questions. Today we have a great topic that came from Emily O who

says I've been listening to the Money Girl podcast for about five years and always

learned so much. It makes my commute home so much more exciting. My mom is 78, very healthy and lives

independently. She receives a thousand dollars monthly from Social Security

and has a retirement account balance of about

four hundred twenty thousand dollars. Her financial advisor brought up the idea

of buying a single premium immediate annuity. It might cost from $130,000 to $200,000 and would pay in the range of

a thousand to $1,400 monthly. What are your thoughts on annuities and would you recommend

one for someone in my mother's situation? Emily, thank you so much for your kind

words and great question. This podcast will review what a single premium immediate

annuity is, how it works, it's pros and cons, and who should consider buying one.

Welcome back everyone. Thanks for joining me.

I'm Laura Adams, an award-winning author, finance spokesperson, money speaker, founder of the

money stack newsletter, and host of this show, Money Girl with over 43 million downloads.

My mission is to help you get the knowledge and motivation to prioritize your finances,

build lots of wealth, and have more security and less stress.

Be sure to follow Money Girl on Apple Podcast, Spotify, or wherever you're listening to

podcast so you automatically get each new episode.

And if you have a question you'd like me to cover I would love to hear

from you you can leave it on our voicemail at 302 3640 364

308 you can also send me an email using my contact page at Laura D

...