Understanding Annuities & Making the Most of High Interest Rates

Retirement Approved with Matt Paul & Steve Paul

When it comes to retirement planning, annuities often get a bad rap. However, they can be a powerful tool for ensuring financial security in your golden years. In this episode, we’ll take a deep dive into the world of annuities, breaking down the different types and how they can benefit your retirement strategy.

From the basics of single premium immediate annuities (SPIAs) to the intricacies of fixed index annuities (FIAs) and variable annuities, they break down what you need to know to make informed decisions. They also discuss how high interest rates impact these financial products and offer practical advice for retirees.

Here’s what we discuss in this episode:

0:00 – Intro

1:40 – Single premium immediate annuity

3:50 – Multi-year guaranteed annuity

9:10 – Fixed index annuities

14:10 – Variable annuities

19:20 – Final thoughts
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