Annuities - Why Ever Use Them - Part 7
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Annuities can be a safe way to grow your money \\u2013 but they\\u2019re not without their limitations.
In our \\u201cAnnuities \\u2013 Why Ever Use Them\\u201d series, we\\u2019ve talked a lot about the advantages of using a fixed index annuity. However, there are always drawbacks to an investment.
If you\\u2019re 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\\u2019re 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:
\\u201cWith every investment, there are pros and cons, and limitations to how they work.\\u201d \\u2013 Murs Tariq
\\u201cWith a fixed index annuity, you don\\u2019t have complete liquidity, but you will have safety and growth.\\u201d \\u2013 Radon Stancil
Important Links & Mentions:
Find parts 1-6 of the \\u201cAnnuities \\u2013 Why Ever Use Them\\u201d series on your podcast app or watch the video versions on our Secure Your Retirement YouTube channel or blog:
- Part 1: https://youtu.be/uWAEacnGO28\\u200b
- Part 2: https://youtu.be/WowKPRfsocQ\\u200b
- Part 3: https://youtu.be/aWa6R1OAONg\\u200b
- Part 4: https://youtu.be/Sd-9GRHACYk
- Part 5: https://youtu.be/E9HMvSsri-o
- Part 6: https://youtu.be/FJO9OVk0aM4
- Peace of Mind 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.
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