fbpx

Are Annuities a Good Investment?

Are Annuities a Good Investment?

 

Are annuities a good investment is a question financial professionals get asked a lot. It’s asked a lot because they can be confusing. You may not understand what they are, how they work, and who they are for.

 

Sean Gillespie is a financial advisor and Navy veteran. He’s the Co-founder & Managing Partner of Redeployment Wealth Strategies. After serving 20 years as a surface warfare officer, Sean began his second career as a fee-only financial planner for military and veteran families.

 

In this episode, Sean breaks down what annuities are, their pros and cons, when they should be used, and what service members should know about them.

 

Annuities can be confusing and because of that, sometimes people take advantage of the military community and people who may not fully understand how they should be used in your overall financial strategy. Or should even purchase an annuity? Having more knowledge about annuities can help you make an informed decision so I’m happy to have this convo with Sean.

 

THANK YOU!

The Military Money Show is supported by Navy Federal Credit Union. Buying a vehicle is better at Navy Fed. They’ve created a fully-loaded car buying experience where you can finance, buy, and protect your auto purchase in one convenient place. And exclusive member savings with CARFAX, GEICO, and SiriusXM. To learn more visit NavyFederal.org/carbuying.

 

Are Annuities a Good Investment Details

  • How annuities work
  • Differences between fixed and variable annuities
  • Pros and cons of annuities
  • What longevity risk is
  • The cost of the annuity, compared to other investment products
  • Building vs protecting your wealth
  • When is the right time to look at annuities
  • The power of the military pension
  • Important questions to ask if looking into an annuity

Related: All Things You Need to Know About the TSP

 

Are Annuities a Good Investment Resources

More: What are ETFs?

 

Military + Money Conference

In 2022, I’m bringing together military and financial professionals in one place. If you’re interested in learning more about the conference you can sign up for updates here.

 

Military + Money Conference updates

Thank You for Podcast Reviews!

 

I appreciate your review of The Military Money Show on iTunes, Google Podcast, iHeart Radio, and Stitcher. It helps me make the podcast better and better. Plus, it helps other people find me.

 

Connect

 

Disclosure

These notes may contain links to our affiliate products or services, which means I might get compensation when you click or buy. That said, I’m only going to put affiliate links that are in line with our podcast discussion.

 

If you want to “kickstart” your finances in the military, you can get access to my free Financial Kickstart Kit here.

 

 

 

Category
Invest