In this episode, Dr. Preston Cherry delves into the complexities and benefits of incorporating annuities into retirement portfolios. With the startling statistic that 63% of Americans fear outliving their money more than death itself, Dr. Preston offers a comprehensive exploration of annuities as a solution to this anxiety.
He clarifies misconceptions by defining annuities not as investments, but as insurance against outliving one's savings. Through an engaging discussion, Dr. Preston sheds light on how annuities can provide a guaranteed income stream, thereby offering peace of mind and financial security during retirement.
Key Points:
• Understanding Annuities
• Types of Annuities
• Role in Retirement Portfolios
• Myths and Fiduciary Responsibility
• Famous Illustrations
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Information on the Life Money Balance Podcast is for educational purposes only, not financial advice. Review our disclosures: https://www.concurrentfp.com/disclosures/
