There’s a lot of confusion out there about annuities, probably because there are different types that do different things. We’ll explain how they work and how they might be used in your financial plan.
What we discuss on this episode:
1:22 – Immediate annuity
2:55 – Tax-deferred annuity
4:06 – Fixed annuity
5:07 – Fixed index annuity
6:30 – Pros and cons
8:15 – Volatility
9:09 – Annuity contracts
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