There’s a lot of controversy and conflicting opinions surrounding annuities. Dan breaks down how they work and what their pros and cons are in today’s conversation that you won’t want to miss.
While this is one of the most controversial subjects in the world of personal finance, it really shouldn’t be. It’s a strategy, and whether or not it’s for you depends on your situation. Listen in to hear Dan’s balanced take on the subject and to see whether it fits for your goals, or whether you should avoid them.

Listen to the Full Episode:

What You’ll Learn In Today’s Episode:

  • What annuities are and how they work.
  • Where annuities start to get complicated.
  • The pros and cons of variable annuities vs. indexed annuities.
  • A common mistaken view people have when putting money into indexed annuities.
  • What allows your account to grow faster using annuities.

Ideas Worth Sharing:

[bctt tweet=”What I want you to understand here is there is a price for tax deferment, and that price—and this is if done in an annuity—that price … is lower returns. – @DanCuprill” username=”DanCuprill”]

[bctt tweet=”It’s very important that you understand how interest is credited to your annuity.- @DanCuprill” username=”DanCuprill”]

[bctt tweet=”Every strategy has pros and cons; your job is to make sure that you can live with the cons.- @DanCuprill” username=”DanCuprill”]

Resources In Today’s Episode:

 

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