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An annuity is a payment agreement between an individual and an insurance company, which agrees to make a lump-sum payment, or a series of payments, to receive disbursements.
In this episode, Jim Donewald and John Glowacz bust several annuity myths while revealing strategies you can use to maximize and organize your annuity wealth.
In this episode, you will learn:
- The tax impact on annuities
- How insurance companies help with annuity income
- At what age annuities should be considered
- How to use annuities as long-term investments
- And more!
Tune in as Jim and John explain how an annuity can become a lifetime income!