An annuity is a retirement account with “airbags” and a seat belt. Buyers invest a sum of money in a specified annuity, and in return they receive a fixed monthly check for a specified number of years, or a lifetime, of their choice. Increasingly, annuities are being used by retired professionals to take the risk out of their nest eggs. In recent years, pensions were very common. Nowadays it is more common to have NO pension. The satisfaction with annuities is actually much higher than with mutual funds. So why are newspaper and internet journalists knocking on annuities with little information? Because they have little information! Today we will fix that and we hope some uninformed journalists are listening in. Then Medicare and health insurance expert Shelley Grandidge joins us for the Q&A. You don’t want to miss today’s show…MASTERING MONEY IS ON THE AIR! †

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This post Controlling Money 1/22 – IQ Wealth Management was original published at “https://iqwealthmanagement.com/2022/04/01/mastering-money-4-1-22/”