Annuities – Why Ever Use Them – Part 7

Annuities can be a safe way to grow your money – but they’re not without their limitations.

In our “Annuities – Why Ever Use Them” series, we’ve talked a lot about the advantages of using a fixed index annuity. However, there are always drawbacks to an investment.

If you’re thinking about purchasing a fixed index annuity, there are two main limitations to consider. The first is how much liquidity you have, and the second is surrender charges. In this episode, we’re going to explain how both of these limitations work, how to avoid them, and what you can do to balance your portfolio.

In this episode, find out:

  • A quick recap of our annuities series so far
  • How liquid an annuity is and how that affects your overall portfolio
  • What a surrender charge is and how it works
  • The three elements to investing

Tweetable Quotes:

With every investment, there are pros and cons, and limitations to how they work.” – Murs Tariq

“With a fixed index annuity, you don’t have complete liquidity, but you will have safety and growth.” – Radon Stancil

Important Links & Mentions:

Find parts 1-6 of the “Annuities – Why Ever Use Them” series on your podcast app or watch the video versions on our Secure Your Retirement YouTube channel or blog:

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.