I've looked at a handful of Annuity "basics" videos in the last few weeks and this is by far the best of the bunch. Actually does what the others promise, breakdowns the basics of what Income annuities are and how they work. The others start going down the "pros and cons" and "which ones are better/worse for what" path before they explain what they are. This video stays focused on what they are and how they work before it starts talking about pros/cons, etc. This is concise and well organized and uses specific examples effectively. Will definitely be watching the Index and Variable Annuity videos.
@RetirementPlanningEducation2 жыл бұрын
Thank you very much Ben, I appreciate the kind words!
@plants4thewin Жыл бұрын
So many good points here. Not everyone is trying to make huge returns. Some of us just want enough to cover our living expenses. I plan to have my house paid off by the time I retire. I have no heirs. I am looking for low risk SECURITY and frankly could care less what happens when I die. Great video, thank you.
@MStigerlily82 жыл бұрын
Well done! For a newbie trying to sort out the different types of annuities, you outlined these very nicely with organized presentation. Thank you for your expertise and presentation.
@RetirementPlanningEducation2 жыл бұрын
I'm glad you found it helpful, thank you!
@betsyb8003 жыл бұрын
You are a great presenter and clear and concise. Helped me LEARN! thanks!!
@RetirementPlanningEducation3 жыл бұрын
Thank you!
@larenandrews6942 Жыл бұрын
For somebody with Stage 4 Cancer, This is not for me
@myvenusheeler3 жыл бұрын
This was very concise information. I will share this with a some I know.
@terryoconnell95763 жыл бұрын
Purchasing security. Build your own pension for income you can count on. Pension income gone the way of dinosaurs. No more than 50% of investable $$$, then can be more aggressive with other half with less worries while retired… hedging your bet… Kind of expensive security, but watch the news lately?
@johngill2853 Жыл бұрын
Exactly my thinking
@dannyl6507 Жыл бұрын
Is there such a thing as an indexed income annuity?
@RetirementPlanningEducation Жыл бұрын
Sort of, but not generally called an income annuity. It’s a fixed indexed annuity. Here’s more details about how they work: What is a Fixed Indexed Annuity with Income Rider? kzbin.info/www/bejne/f6Kso2ykYr54d9k
@JasonLaGiglia4 ай бұрын
Great Presentation and well explained!
@RetirementPlanningEducation4 ай бұрын
Thank you!
@lanabyk801216 күн бұрын
Thank you for being so clear and precise....
@ChrisNkemnacho2 ай бұрын
"... helping you make sure you don't run out of money if you end up living a long time"
@scottprice48132 жыл бұрын
I’ve got a Jackson National Flex 2 annuity issued in 1991 and based on 1971 mortality tables and a 6% interest rate . Needless to say at age 65 the payout table results in a monthly income about 45% higher than even the most generous you could find now. Even with that I look at potential inflation and wonder if annuitization makes sense?
@davidnour6963 Жыл бұрын
Excellent. I want to get a SPIA. My only problem is that I am not a US citizen.
@amardeepchawla40522 жыл бұрын
This is a real Great video. Very detailed with examples. Thank you !
@RetirementPlanningEducation2 жыл бұрын
Thank you Amardeep!
@annabetancourt527211 ай бұрын
Thank you. This is a very clear prescise explanantion of annuities. I have considered it but have been afraid of losing money. It has clarified annuities for me.
@RetirementPlanningEducation11 ай бұрын
I’m glad you found it helpful, thanks!
@thewolfhunter3 жыл бұрын
I'm 55 and If I put $750K in a index annuity Can I 1- Start receiving monthly payments now? 2-Will it last me the rest of my life? 3- What rate would I get? 4- How much would I get a month? 5-What do I have to pay taxes on? Thanks
@RetirementPlanningEducation3 жыл бұрын
1 - Yes, you can opt to get payments to start immediately. 2 - Yes, you can opt to receive a payment that will last as long as you live. 3 - You would need to work with an insurance salesperson to get actual quotes. But to get a rough idea of what type of payout you can reasonably expect, play around with some numbers in www.immediateannuities.com. 4 - See number 3. 5 - It depends if you use tax-deferred IRA money to buy the annuity or if you buy it with "normal" money. If IRA money, all of the payments would typically be taxable. If normal money, you would need to get the exact amount of taxability from the insurance salesperson working with you on the annuity.
@annjean87092 жыл бұрын
Outstanding video! Thank you for sharing.
@RetirementPlanningEducation2 жыл бұрын
Thank you!
@t.b.15962 жыл бұрын
Hi...I just want to tell you that I am very thankful for all the information you presented on annuities. I am just beginning to learn about various options for my future and I found your video online and was very impressed with you. I have subscribed so I will be watching more of your videos to learn and become more secure in my decision making. I just want you to know how helpful your presentation was...thank you again!
@RetirementPlanningEducation2 жыл бұрын
Thank you for the kind words; I appreciate it. And I’m very happy to hear you find these videos helpful!
@Green-jl9yh2 жыл бұрын
Thank you Andy You’re the best !!!
@edgartovar253 жыл бұрын
which insurance company offers the best deal on annuities? thanks really great video
@RetirementPlanningEducation3 жыл бұрын
I'm glad you like the video, thanks. There really isn't a "best" provider/insurer. You basically have to shop around and see which one is offering the best terms. Insurers routinely change the terms and rates they offer on annuities, so at any point in time, Insurer A may offer a better product than Insurer B. But that can all change over time. You also want to weigh in the credit rating of the insurer. All else equal, those that have weaker credit ratings are likely to offer higher annuity rates to try to attract more business. But you have to be careful because the weaker the credit worthiness of the insurer, the more likely they are to potentially have problems in making good on their promises to you. Generally speaking, stick with insurers whose credit rating starts with an "A" using the ratings from A.M.Best.
@susanbriancatalano97603 жыл бұрын
excellent presentation. thank you
@Lake_Lover Жыл бұрын
Excellent video. Thank you !
@RetirementPlanningEducation Жыл бұрын
Thanks!
@BULCHAGUDETA3 жыл бұрын
you are so amazing the way you explained
@RetirementPlanningEducation3 жыл бұрын
thank you!
@oferod92413 жыл бұрын
Thank you! Very clear
@johngill2853 Жыл бұрын
Great job again They definitely make sense for my situation