60: What Women Need to Know About Annuities

Take Back Retirement

Stephanie McCullough and Kevin Gaines에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Stephanie McCullough and Kevin Gaines 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

1+ y ago 32:40

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Today, we talk all about annuities. Yet another powerful tool in your toolbox for taking control of your retirement, you can think of an annuity as a way to “buy” your own pension.

But it’s just that: a tool. Like any other financial vehicle, there are pros, cons, and tradeoffs to think about.

An annuity is a contract issued mostly from insurance companies that provides a guaranteed income stream. Mainly, annuities are used for retirement.

Some people look at annuities as the best thing since sliced bread. For others, annuities are a total time and money-sink to even consider. But for most folks, we’d wager the reality is somewhere in between.

Listen in as Stephanie and Kevin lay out the must-knows of the complicated topic of annuities, and suggest some questions to ask oneself when it comes to making use of a specific annuity for your retirement plan.

Key Topics:

“What the heck is an annuity?” (3:30)
Why you need to wait until you’re 59½ before taking money out of an annuity (4:38)
How annuities are taxed (5:42)
Taking advantage of the lifetime income option (8:32)
Other income options to consider (11:46)
The cons of annuities and how best to work around them (15:24)
The Four Ls of our needs in retirement (16:40)
Deciphering important annuity jargon (17:48)
Fitting an annuity into your retirement plan (20:17)
Questions to ask yourself (23:00)

Resources:

If you like what you’ve been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com

You can find the transcript and more information about this episode at www.takebackretirement.com.

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