Should I Fund my Retirement Needs by Purchasing an Annuity?

Should I Fund my Retirement Needs by Purchasing an Annuity? James Conole, CFP® 19:17

Jason and his wife face a crucial decision: whether to purchase an annuity or pursue traditional investments as they prepare for a full-time, slow-travel Retirement.

With a diverse array of income sources, including pensions, 401k, property sales, and Social Security, they estimate their monthly expenses at $7,500. James analyzes their situation, emphasizing the balance between annuity stability and investment flexibility.

He highlights the security of annuities and explains their limitations, guiding the couple towards a tailored approach that aligns with their goals and circumstances.

Questions Answered:

What are the pros and cons of annuities?
How can I effectively balance the stability of annuities with the flexibility of traditional investments?

Timestamps:
0:00 – Jason’s question
3:07 – Pros and cons of annuities
6:32 – Assessing Jason’s situation
9:52 – The role of Jason’s portfolio
11:40 – Annuity alternatives
13:23 – Support your Retirement vision
16:54 – Integrate financial plan and portfolio

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