Are Annuities Right for Your Financial Plan? (Ep. 8)
What do modern annuities bring to the table for your retirement plans?
In this episode of The Compass Wealth Conversations Podcast, Brendon Murphy dives deep into the world of annuities, demystifying the often misunderstood financial tool. He explains how when set up correctly, annuities can provide guaranteed income for life, principal protection, and tax-deferred growth. This conversation is perfect for anyone looking to understand how annuities might fit into their retirement strategies and overcome the bad rap they’ve historically received. Discover the ins and outs of different types of annuities, from immediate and fixed index to variable ones, and learn how they can effectively support your retirement income planning.
Brendon discusses:
- (01:06) What an annuity is and how it secures your principal and income
- (02:35) Types of annuities: immediate, multi-year guaranteed, fixed index, and variable
- (04:46) The historical bad rap of annuities and why it’s outdated
- (07:17) How annuities complement Social Security and other retirement income
- (09:21) The considerations for rolling your 401(k) into an annuity
- (11:59) The right time to consider investing in annuities
- (13:24) Addressing liquidity concerns for annuity holders
- And more
Ready to see how annuities can transform your retirement strategy? Tune in as Brendon Murphy guides you through the essentials to make informed decisions. Listen, learn, and share to keep this valuable financial conversation going.
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