What ARE Annuities, And When Would You Want One?
In this episode of After The Paycheck, Sam and Adam discuss:
- the definition (and origin) of annuities
- the different types of annuities
- when a person might want to consider one
- situations where an annuity would NOT be a good fit
How do annuities compare to other investment vehicles?
Most people are looking for a way to ensure they can maintain their lifestyle in retirement, but that often becomes a balancing act between the security of banks and the growth potential of the markets. Below is a quick reference graph that can provide some comparisons of the risk/reward scale of annuities with other types of investments: