A Primer for Annuity Newbies
June 2, 2020 by Kerry Pechter
Here, by popular demand, I offer a 10-minute tour of annuity products, using the same classification system that I used when writing Annuities for Dummies.
Many advisers have joined the Retirement Income Journal community recently, and many of them are new to the world of annuities. I’ve been asked to create a quick tutorial on this complex topic, if brevity with annuities is possible.
Wink’s Note: We break-down the differences between two types of annuities: income annuities and deferred annuities, however, Kerry’s explanation works great for those who already have some investment experience.