A Messed Up Annuity

As you transition from saving for retirement to withdrawing money in retirement, an annuity can be a critical part of your income strategy. Annuities are a great source of lifetime income, but they can also be muddled if you ignore the fine print.

Today, Bryan shares his experience on how he handled a messed-up annuity. Listen throughout the end and find out how he problem-solves the situation.

What You’ll Learn From This Episode:
[2:02] Some people have little to no understanding of what they own
[5:31] When buying Annuity contracts, you have to select what your desired payout option is going to be
[10:56] Reading through the annuity contract and fixing the problem
[16:14] The importance of learning to read the contract deeper and understanding it throughout

Key Quotes:
[3:44] “All I want is a guarantee, the rest of it doesn’t matter.”
[16:25] “If you’re getting into a competitive income scenario, those change all the time.”
[17:00] “A messed up annuity isn’t messed up at all.”

Resources
Annuity Newsletter