What Are Annuities and How Do They Work?

There’s a lot of confusion out there about annuities, probably because there are different types that do different things. We’ll explain what they are and how they work.

 

Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-25-what-are-annuities-and-how-do-they-work 

 

What we discuss on this episode: 

1:55 – Immediate annuity

3:25 – Fixed annuity

4:01 – Variable annuity

5:15 – Fixed index annuity

6:53 – Annuities Mark uses

8:03 – Using annuities to meet financial goals