Let’s have a little refresher on what annuities are, and if you’ve never heard of them before, don’t worry! Peter breaks them down from the beginning.
In this episode, Peter Raskin takes us back to the classroom and covers some of the basics about annuities, starting with a recap of what an annuity is. He then dives into why someone should consider an annuity as part of their financial plan, what the different types of annuities are, what risks are involved with variable annuities, the pros and cons of annuities, what it costs to get one, and when an annuity might be appropriate for someone.
Peter discusses:
- What an annuity is
- Why you should consider an annuity as part of an overall financial plan
- The different types of annuities
- What risks are involved with variable annuities
- What it costs to get an annuity
- When an annuity might be appropriate for you
- Some of the different concerns regarding annuities
Related: Building a Strong Foundation: Considerations in Supporting Your Independent Young Adult