What REALLY is an Annuity? (Which One is Good or Bad?)

Have you heard annuities are BAD and that you LOCK up your money?
Have you heard Dave Ramsey, Fisher Investments, or your current advisor say to run away because they’re too complicated or to stay away since they have high fees, huge commissions, or surrender charges?

Are you unsure what an annuity is? Curious about how it works?

If so, we will clarify how THERE ARE some truths to those statements, but where those statements are not completely transparent.

OUR MISSION:
Our goal is to teach you the following:
No fee vs. Fee type Annuities
Fees vs. Commissions and how that affects you.
Terminologies such as: Annuitization, Deferred, Fixed, Indexed, Variable, Riders, Caps & Participation Rates
============================================================
🚩Part 1
How to RECESSION-PROOF Your FINANCES & INCOME [Pension (HYBRID) vs 401k]?
🚩Part 2
HOW The 4% Rule CAN MAKE YOU BROKE! (Early Retirement Recession Risks)
🚩Part 3
THE BEST 3 Buckets Strategy RECESSION-PROOF Finances & Income (5-Simple Steps!)
🚩PART 4
What is an Annuity & How does it work? (5 Types to Learn)
============================================================
CHAPTERS FOR YOUR CONVENIENCE
00:00 Annuities: Are They BAD?
00:30 Our Goal for You
1:01 Immediate Annuity (Annuitizing/Pension)
1:45 Immediate Annuity (Pros and Cons)
4:19 4 Types of Deferred Annuities
4:39 Fixed Annuity (Pros and Cons)
5:53 Variable Annuity (Pros and Cons)
7:21 Fixed Index Annuity (Pros and Cons)
7:59 How Does a Fixed Index Annuity Work?
10:24 Be Careful (What to Look For)
12:41 Pension Hybrid (Lifetime Income Riders)
============================================================
Contact Us (No Cost & No Fee)
Your Retirement Advisor (18 Years)
Kai & Ann Chung & Gracie (Our Retirement Puppy) 🐶
408-502-7080
KCIIS (KC Independent Insurance Solutions, LLC)

#annuity #pension #401k #retireearly #earlyretirement #guaranteedincome #KaiChung #KCIIS #AnnChung

[OneNvrKnoz]

Finally found a decent and transparent video on annuities. Thanks for the information!

[markm]

I have viewed more annuity videos than I care to admit. I have a clarity regarding these products after watching your presentation that allows me to view my annuities in an entirely new light! Thank you again!

[manuelguzmanjr]

You guys explain so smoothly and clearly. I like that. I am a licensed agent for Medicare and trying to learn about annuities. I give you a thumbs up!

[nickparker]

Easily the clearest (and most honest) presentation I have seen in this arena. Thank you

[jacquesshubert]

I just signed up for a 3 year annuity with Fidelity and from what I can see it behaves like a CD account . It's "USAA Protected Defered Annuity" @ 5% compounded . In the end I can walk away with no fees or sign up again at the urrent rate . I watch my stocks go up and down but this is a good steady income to compliment that .

[Manc-fhwe]

Depends on 4 things. 1 your age. 2. Interest rates 3. How much you are going to invest 4. The type of annuity. In the UK you can take 25% of your pension as a tax free lump sum. The return I got last December with interest rates at 6% at 63 years of age was spectacular. All the downsides you mention became irrelevant

[JuanVelazquez-mvgo]

SPIAs have commutation or exit options now.

[ralphbrauns]

Great information! Learned a lot about annuities.

[Lironwill]

Great presentation! Thank you so much!

[cartracer]

thanks for the video. i have a fixed deferred annuity that will mature next year 2025. i was considering investing in a guaranteed future income annuity from ny life. i'm 60 and the example shown said if contract is written at 60, the payments start at age 65 the current rate is 9.23 percent and at age 70 it's 13.94 percent. i do understand once you give them your money they invest it during the waiting period. they have a cash refund option for your beneficiary and an inflation option also. i see more pro's than cons with this product as it's fixed. thae rates now are higher than ever before and if i wait to long they probably will go down. thanks

[freedomlife]

I didn‘t realize US doesn’t annuity insurance. In Canada, annuity is guaranteed up to $5000/month per annuity issuer.

[richcpz]

The concept of annuities is giving control of your money to someone else. It MAY give you lifetime income, but at CD rates are you really able to beat inflation, and also taxable income tables? . Annuities are a taxable income event and may effect SSI amounts do to the annuitized income value
( my understanding)

The never lose
$$ may be a nice feature, but you also given up the growth potential of 20+ percent versus the cap of 12% annual return (point to point or what ever you choose index) if lucky. If fixed amount it's really not going to do you much on the lifetime income, because who could live on 600. a month ( just tossing a figure out there )

Question is how does this fit in anybody's retirement plan? Why are they pushed? Why isn't it a comfortable decision to make if ANNUITIES are so good?

Just asking... My company pushes them also, and all i know or can assume its the is a kick back and literary every financial advice says that 90 % of people dont fit into the need of annunity.

[fearisgrowth]

Can I get one of those Good bye Tension frames? Please!

[RosaryMcQuestion]

Wow! Very informative video! Thanks so much. :)

[realestateteam]

Excellent explanation and video. Thank you for your expertise.

[MrShabo]

What is the difference between that and a high yield savings account?

[johngill]

You don't have to just hope the insurance company stays in business.

There is the state guarantee association. Nobody has lost an insured dollar

[wilmuinhardy]

Thank you very much for the information om annuities

[cayankeelord]

Pretty low rates of return and onerous rules. I have three ETF's that pay monthly dividends. Totally liquid, I can sell at any time with no penalties. The expense ratios are all less than 0.35% annually and the annual yield rate is between 12% to 15%. There is no "return of capital" and I can still get capital gains growth. I've got about $200k into them and get about $2, 300 a month ($28K a year). So far, the value has increased to about $260k over the last 4 years of my buying them. The account is INCREASING in value, not being drained of principle and I'm getting fat monthly payments. They are all held within my ROTH, no taxes. After my wife, our son is the beneficiary for which he will owe NO taxes. Am I missing something here?

[timmysykes]

If you goal is to have income during retirement years, you do not want to take any risk with your money.

You want to avoid paying taxes now, but you are still not currently in a high enough tax bracket to make municipal bonds make sense.

Then I have to say that a single premium deferred annuity is great and the best retirement plan to consider.