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Are Annuities a Good Investment? Thumbnail

Are Annuities a Good Investment?

The third quarter of 2023 saw record growth in annuity sales... according to LIMRA, which tracks annuity sales, total annuity sales reached 89.4 billion! That's an 11% jump over the same quarter last year. That's the highest quarterly sales ever recorded! But are they right for you? Dustin with Mundorf Wealth Management walks through the different types of #annuties, including:

-Fixed Annuities

-Fixed Index Annuities

-Variable Annuities

He and Erin Kennedy then break down the pros and cons of each. There are many types of annuities, and they generally serve one of two functions: as an investment or as a quasi-pension plan offering income for life in retirement.

Dustin believes annuities can have a place in a larger financial plan, because they allow you to protect your principal and can provide guaranteed, lifetime income. If you'd like to discuss whether annuities should be a part of your financial plan, please reach out for a complimentary consultation by visiting www.LongLiveMyMoney.com

#FinancialPlanning #WealthManagement #Retirement #StableIncome

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