Are Annuities A Good Source Of Retirement Income? Money Wisdom podcast

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Are Annuities a Good Source of Retirement Income?

4h ago 10:07

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Building a solid income plan is a foundational piece of retirement planning and there are a variety of ways to create those income streams. One product that often comes up during meetings is the annuity because of its ability to produce guaranteed income to replace your paycheck, but is it a good choice for your portfolio?

Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® join the Money Wisdom podcast to dive into a question we received: a friend told me that I should think about an annuity for retirement income. What do I need to watch out for with these products while I'm shopping around? If you're considering annuities as part of your retirement strategy, this episode is worth watching.

Here’s what we discuss in this episode:

0:00 – Intro

1:29 – Today’s question

3:20 – Types of annuities

5:22 – Goals for your money

6:47 – Other considerations

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