Are Annuities Good or Bad for Retirement? Understanding Fees and Lifetime Income
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Are Annuities Good or Bad for Retirement? Understanding Fees and Lifetime Income
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Is an annuity a smart way to create retirement income? How much could you be paying in fees, and what should you ask before buying one?
Greg and Kristin Taylor of Legacy Retirement Group in Columbus, Ohio, explain why the answer depends on the annuity and what you need it to accomplish. Through real-life examples, they share how fees and income benefits can differ, where annuities may fit into a written retirement income plan, and why some retirees don’t need one.
You’ll learn about variable annuities, fixed indexed annuities, and lifetime income benefits, along with questions to ask about costs, access to your money, and choosing an insurance company. They also explore how annuity income can fit alongside required minimum distributions and other retirement resources.
Have questions about your retirement income plan? Connect with the team at LegacyRetirementGroup.com.
Annuity guarantees depend on the claims-paying ability of the issuing insurance company.
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