This video “Annuity Explained For Retirement | Do The Pros Outweigh The Cons” is the second in our annuity series.
We recap annuity basics (e.g. what is an annuity, who buys an annuity & the difference btw a retirement annuity vs IRA) & dive deep into annuity advantages, annuity problems & solutions & if an annuity investment is good for retirement planning.
The next three videos in the coming weeks will go through:
– the types of annuities – fixed annuity vs. indexed annuity vs. variable annuity
– the difference between an immediate annuity vs. deferred annuity
– how to structure an annuity payment &
– annuity riders
0:00 Intro
3:07 Advantage #1
4:23 Advantage #2
4:59 Advantage #3
7:31 Disadvantage #1
10:42 Disadvantage #2
WATCH NEXT
⭐ 2022 November I-Bond Rate Prediction:
⭐ How To Buy An I Bond (step-by-step tutorial) via TreasuryDirect:
⭐ How Is I-Bond Interest Formula Calculated & When Does It Show Up In Your Account:
⭐ How To Buy More/ Gift I Bonds (For Spouses & Married Couples):
👉 Subscribe to our channel for all things inflation, retirement planning & building generational wealth!
#jenniferlammer #firstgeneration #bonds
__________
🎯 GRAB YOUR COMPLIMENTARY FINANCIAL GUIDES & TEMPLATES!
__________
DISCLAIMER
EVERYONE’S FINANCIAL JOURNEY IS DIFFERENT. YOUR PERSONAL FINANCIAL SITUATION IS UNIQUE. NEITHER DIAMOND NESTEGG, LLC, OUR WEBSITE, OUR YOUTUBE CHANNEL, OUR OTHER SOCIAL MEDIA CHANNELS, NOR THIS CONTENT & INFORMATION (THE “SERVICE”) ARE INTENDED TO PROVIDE FINANCIAL, LEGAL, TAX OR OTHER ADVICE. NO FINANCIAL DECISIONS SHOULD BE MADE SOLELY BASED ON THE SERVICE. THE SERVICE IS PROVIDED FOR INFORMATIONAL & ENTERTAINMENT PURPOSES ONLY & IS NOT INTENDED TO BE A SUBSTITUTE FOR ADVICE FROM A PROFESSIONAL FINANCIAL ADVISER OR QUALIFIED EXPERT.
ALL OPINIONS & FORWARD-LOOKING STATEMENTS OF THE SERVICE EXPRESSED HEREIN ARE AS OF THE DATE OF PUBLICATION & SUBJECT TO CHANGE. IT IS YOUR RESPONSIBILITY TO VERIFY ALL INFORMATION YOURSELF.
ANY INFORMATION PRESENTED BY THE SERVICE IS NOT AN OFFER TO BUY OR SELL, NOR A SOLICITATION TO BUY OR SELL ANY SECURITIES OR PRODUCTS MENTIONED. DIFFERENT INVESTMENTS HAVE VARYING DEGREES OF RISK & THERE IS NO ASSURANCE THAT THEY WILL BE SUITABLE FOR YOUR PORTFOLIO. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. ALWAYS CONSULT A QUALIFIED FINANCIAL, LEGAL, OR TAX PROFESSIONAL REGARDING YOUR SPECIFIC SITUATION.
DIAMOND NESTEGG, LLC IS A REGISTERED INVESTMENT ADVISER IN THE STATE OF NEW YORK AND OTHER STATES WHERE IT IS EXCLUDED OR EXEMPTED FROM REGISTRATION REQUIREMENTS. REGISTRATION AS AN INVESTMENT ADVISER DOES NOT CONSTITUTE AN ENDORSEMENT FROM SECURITIES REGULATORS.
DIAMOND NESTEGG, LLC RECEIVES COMPENSATION FROM YOUTUBE FOR THE PRESENCE OF ADVERTISING BEFORE, AFTER, AND DURING THIS VIDEO CONTENT AS WELL AS VIA YOUTUBE’S SUPER THANKS FEATURE. DIAMOND NESTEGG, LLC DOES NOT CONTROL THE CONTENT OR PRESENCE OF ANY ADVERTISEMENTS. THE PRESENCE OF ANY ADVERTISEMENT DOES NOT CONSTITUTE AN ENDORSEMENT OF THE AD, COMPANY, ENTITY, OR PRODUCT BY DIAMOND NESTEGG, LLC.
———-
CONTENT DISCLAIMER
THE VIEWS & OPINIONS EXPRESSED THROUGH THE SERVICE ARE SOLELY THOSE OF DIAMOND NESTEGG, UNLESS OTHERWISE SPECIFICALLY CITED. MATERIAL PRESENTED IS BELIEVED TO BE FROM RELIABLE SOURCES & NO REPRESENTATIONS ARE MADE BY DIAMOND NESTEGG AS TO OTHER PARTIES’ INFORMATIONAL ACCURACY OR COMPLETENESS. ALL INFORMATION OR IDEAS PROVIDED SHOULD BE DISCUSSED IN DETAIL WITH A QUALIFIED ADVISER, TAX OR LEGAL PROFESSIONAL PRIOR TO IMPLEMENTATION.
OUR YOUTUBE CHANNEL MAY PROVIDE LINKS TO THIRD-PARTY WEBSITES FOR YOUR CONVENIENCE. WE HAVE NO CONTROL OVER THE ACCURACY OR CONTENT OF THESE LINKS.
THE COMMENTS ON THIS CHANNEL, AND OUR OTHER SOCIAL MEDIA CHANNELS, ARE THOSE OF THE CREATORS & DO NOT NECESSARILY REFLECT THE VIEWS & OPINIONS HELD BY DIAMOND NESTEGG, LLC.
DUE TO THE SOCIAL NATURE OF THE SERVICE, THESE VIDEOS MAY CONTAIN CONTENT COPYRIGHTED BY ANOTHER PERSON OR ENTITY. DIAMOND NESTEGG, LLC CLAIMS NO COPYRIGHT TO SAID CONTENT & CANNOT BE HELD ACCOUNTABLE FOR THE COPYRIGHTED CONTENT. DIAMOND NESTEGG SHARES & STRIVES TO VERIFY INFORMATION BUT CANNOT WARRANT THE ACCURACY OF COPYRIGHTS OR COMPLETENESS OF THE INFORMATION ON OUR SERVICE. ANY COPYRIGHTED MATERIAL SHARED ON THIS SERVICE IS INTENDED TO BE SHARED BY FAIR USE. IF YOU HAVE A COMPLAINT ABOUT THE USE OF COPYRIGHTED MATERIAL, PLEASE CONTACT DIAMOND NESTEGG PRIOR TO MAKING A COPYRIGHT CLAIM. ANY INFRINGEMENT IS UNINTENTIONAL & WILL BE RECTIFIED TO ALL PARTIES’ SATISFACTION.
PLEASE REFER TO OUR TERMS OF SERVICE & PRIVACY POLICY LINKS FROM OUR WEBSITE FOR MORE INFORMATION….(read more)
LEARN MORE ABOUT: Retirement Annuities
REVEALED: How To Invest During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Write an article about Annuity Explained for Retirement | Do The PROS Outweigh The CONS in English
Thanks for visiting our personal finance channel! We hope this free content will help fast-track your financial journey! Please note that there are questions/ comments which I will not be able to answer without fully understanding your financial, personal & other circumstances. Everyone's financial journey is different. If you wish to set up a consultation call & discuss whether we can help you on an individual basis, please complete the Work With Us form on our website: http://www.diamondnestegg.com
Email us at jennifer@diamondnestegg.com or DM us for your life insurance and annuity needs – or drop us a comment below.
POPULAR PERSONAL FINANCE PLAYLISTS
Annuities For Retirement: https://youtube.com/playlist?list=PLsv_4H5rP97FD58emP6HEQCX_dIBRTaEg
Retirement: https://youtube.com/playlist?list=PLsv_4H5rP97Ezg5K3FXLsBS8Xz2JCGiAI
Life Insurance: https://youtube.com/playlist?list=PLsv_4H5rP97EiTHj1jmUf5wJn0uNbC8Gf
Student Loans: https://youtube.com/playlist?list=PLsv_4H5rP97H4ZLmfeYfnpeGvgRhHOVlZ
Investing: https://youtube.com/playlist?list=PLsv_4H5rP97HtL67HFjg5sFkvKz0sYxPj
Credit Scores & Paying Off Debt: https://youtube.com/playlist?list=PLsv_4H5rP97FXfO4p_MvsHPxHGyR6HbES
Budgeting for Beginners: https://youtube.com/playlist?list=PLsv_4H5rP97GiJsE9l3xk7XVSgN0UqpxS
Emergency Funds & Saving Smarter: https://youtube.com/playlist?list=PLsv_4H5rP97HAQN6–XeMyXgKyXOfMuXW
Didn't Empower acquire Mass Mutual?
If I start say a 7-year FIA and attach an income rider, do I have to keep that 7-year FIA till I die in order to get the guaranteed income for life stream from the income rider? If so, and on the way to my death date (paying 1% or more annual income rider fee) and I turn on the income stream at some point, am I depleting the FIA until zero and then the income rider kicks in?
For whatever it is worth, the background music adds nothing. In fact, it distracts from trying to focus on what you are saying. It's not like you attract an audience with a short attention span, and doesn't want to focus. Or needs a music track to stay interested. Nope, we are interested already.
What is meant by "no value"? Because of the trend of the market, my account says "no value? Is my money gone?
Love the video! You mentioned that Mass Mutual paid 5.6% and Guardian paid 6% in dividends in 2021. Curious about what happened in 2022 with the bond market doing so terribly… did the dividends hold up? Have there been any years when they have not paid?
1-3% expense ratio, whew that's expensive, sounds like annuities haven't caught up to the Bogle-revolution on squashing expenses to generate top returns.
You forgot to mention, you can get alot of free dinners, at nice restaurants. I ate free dinners for about 2 yrs and met with many agents. The annuity Prospectus, is really standard on presenting returns and payouts between the different companies. Lots of different rates, returns, extra benefits.
How reliable are the state Insurance and Annuity Guaranty corporations to cover an insurance company failure in a major multiple insurance company failure? MYGA's are the best annuities, just like CD's.
What is the difference between an annuity and whole life insurance policy?
I have had an annuity for 8 yrs and have paid off nearly half of my original premium . I am interested in another SPIA or MYGA . May I contact you ?
So glad I saw you did this video on annuities. You were very helpful with a question I had on I-bonds.
My mother has her retirement in an annuity. It is over the FDIC insured amount. If she adds my name for protection, would her FDIC insured amount go up to $500,000 like an FDIC insured savings account? If not, what should she do and how can she divide up funds and avoid withdrawal taxes, if possible? The maturity date has been reached. Thank you!
With regard to income annuities(immediate) where you hand over a lump sum to be annuitized. Why not just take your lump sum and divvy it up into a monthly payment for the time frame you are interested in and pay yourself? What is the benefit of handing it over to be annuitized and pay a fee?
Every time I go to the bank, the bank investment advisor harassed me to buy either mutual fund or annuity. A friend advised me never invest in a bank due to lack of selection, control, and high commission. She invested $30K in Citibank a while back on a Worldwide fund. While everyone else was making a mint, her investment with Citibank just came out even. So, whats your take on investing inside Chase Bank or go straight to JP Morgan Brokerage? Another interesting question on fudiciary, who enforce the fudiciary, and how is it done?
Are you going to address the purchase of precious metals in the future as a hedge?
I wish you were my financial advisor!
This video is a very good education for those new to annuity. Thanks.
2. I really love your music. Pls who`s the artist and title of the track. Thanks