Annuities # 1
March 13, 2020
I’m Miriam Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money
M Humans tend to fear the unknown. We like predictable. True when it comes to finances. Most know we cannot work and earn as long as we will live. That reality is the basis for annuities
V Annuities are a fixed sum of money paid to someone each year for the rest of their life. Its a form of insurance or investment, purchased by the investor to ensure that annual income. Main idea: You are paying someone else to carry the risk of whether that investment will cover what you will be paid. Investigate. Mom you were offered an annuity for Dad’s life insurance, expensive, unnecessary and much in their pocket.
M Investigate, investigate. Compare and talk to wise people.