How to Tell Whether an Annuity is Right for Your Retirement

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How to Tell Whether an Annuity is Right for Your Retirement

Annuities have earned a bad reputation within the financial community over the years, but why is that? When might an annuity actually make sense in retirement? And how can you tell whether they’re a good fit for you?

We’ve covered annuities a bit on the show over the years but haven’t described the fact pattern where an annuity might actually make some sense. In this episode we cover the fundamentals of retirement income planning, why mortality credits yield more income than bond interest, and when an annuity might be a good fit for your retirement.

00:00 Introduction
07:00 Annuities
12:04 The 4% rule
17:20 Mortality credits
23:30 Profitability
30:07 Candidacy

Resources
How Mortality Credits Make Annuities Work
safemoney.com/blog/annuity/how-mortality-credits-make-annuities-work/

Annuity Surrender Periods: Understand (and Avoid) Surrender Charges
thebalancemoney.com/annuity-surrender-period-charges-and-tips-to-pay-less-315092

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