When are annuities an appropriate choice?
In this episode we explore annuities – a financial product you've likely heard of.
But what are annuities exactly? What purpose do they serve, when is an annuity a good choice for including in your financial plans, and what are the downsides?
Our guest Zach Hurst, CFP, CLU, will help us take a look at all the angles so you can have a knowledgeable opinion instead of a knee-jerk reaction when you hear this much-talked-about term.
Zach is Director of Financial Planning for Valmark Financial Group in Akron Ohio, where he's responsible for the design, marketing and implementation of Valmark's unique financial planning processes, including asset accumulation, retirement income distribution, and legacy planning.
Listen in as we explore:
- What is an Annuity?
- Are Annuities Right for Everyone?
- What Would You Say To an Advisor Who Doesn't 'Believe' in Annuities?
- Downsides of Buying an Annuity.
- Why Do Some People Tune-Out When They Hear Annuity?
- Who Are Good Candidates for an Annuity?
- How Can an Annuity Compliment Your Financial Plan?
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