Annuities Explained - What You Should Know Before Signing Up

Retire Early

In this episode of the Retire Early Podcast, financial advisors and retirement planners Linwood Fraher and Sam Benson of Martin Wealth Solutions unpack the basics of annuities. They discuss the different types of annuities, including single premium immediate annuities, fixed annuities, fixed indexed annuities, and variable annuities, and highlight important considerations for each. Listeners will learn about the benefits, potential drawbacks, and key details to watch out for when investing in annuities. The episode aims to equip future retirees with the knowledge to make informed investment decisions, ensuring they choose the best annuity products for their financial plan and avoid common pitfalls.
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00:00 Introduction to Annuities 00:55 Meet the Hosts 01:09 Personal Stories and Anecdotes 02:02 Robotic Horse Concept 03:53 Transition to Annuities Discussion 04:32 Understanding Annuities: Basics and Types 05:33 Single Premium Immediate Annuities 11:23 Fixed Annuities Explained 16:59 Fixed Indexed Annuities 25:06 Variable Annuities: Pros and Cons 33:50 Conclusion and Final Thoughts 35:31 Disclaimer and Legal Information
Opinions expressed herein are solely those of Martin Wealth Solutions, unless otherwise specifically cited. Material presented is believed to be from reliable sources, but no representations are made by our firm as to another parties’ informational accuracy or completeness. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.