Why Would I Need an Annuity?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 20 October 2020

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

You're 57 years old and in pretty darn good financial shape, so why on earth would you need to add an annuity into the mix? Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the Jill on Money Podcast. It is Tuesday, October 20th, a fortnight
0:11.3	before the presidential election.
0:14.0	Eating your wheaties? I hope you are.
0:16.0	It's going to be a rough two weeks for everybody.
0:18.0	It doesn't matter who you're rooting for, who you're for, who you're in the tank for,
0:22.0	it doesn't even matter everyone's on pins and
0:24.4	needles it's very anxiety provoking the whole thing on top of the virus it's just
0:29.4	too much and so if you want a little bit of a break from your political anxieties, let's focus
0:38.0	on something that can help you. How can we improve your financial life?
0:43.0	And that is what I'm hopeful that we can do here on the program.
0:46.5	If you have a financial question, send us an email.
0:49.0	Ask Jill at Jill on Money.com.
0:52.0	Ask Jill at Jill on Money.com. Ask Jill at Jill on Money.
0:55.0	Here's a message from Don, who says,
0:58.0	the subject,
0:59.0	Selling House looking to move out of state.
1:02.0	He writes, We're selling our house, we plan to move to an
1:04.9	apartment for about a year while I keep working. We want to roll the money we get
1:09.6	from this house into the next house and probably have to make up the difference either with money we
1:14.3	save or another loan.
1:16.1	I know you can escape taxes on the house sale if you roll it into another house, but is there
1:20.6	a time limit on doing so? It's getting near the year's end and this will overlap
	...

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