Episode 217: 5 Annuity Myths to Know About

Whether you love them or hate them, annuities are just another financial tool that could help you meet your financial goals. Working with the right advisor who is neutral and unbiased will help you navigate your decisions around annuities. There are four types of annuities, so start by understanding what those are to then ask the question of whether they are the right fit for your financial plan.

 

Here’s what you’ll learn today:

• What are annuities? (2:22)
• Myth: Insurance companies keep all my money after I die. (5:32)
• Myth: Annuities are very complicated. (9:04)
• Myth: Inherited annuities are subject to double taxation. (11:19)
• Myth: Annuities pay low rates of return. (15:37)
• Myth: Annuities have very high fees. (18:04)

 

Check out these previous episodes for more info on annuities: 

Episode 138 - https://www.coveryourassetskc.com/episode-138-3-questions-to-ask-before-you-buy-an-annuity 

 

Episode 83 - https://coveryourassetskcpodcast.podbean.com/e/episode-83-what-to-know-about-the-4-types-of-annuities/ 

 

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.