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0:52
YouTube
Western & Southern
How Does an Annuity Work?
Want your savings to convert to retirement income? That’s what an annuity can do. #retirementplanning
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What is an annuity and how does an annuity work? Let’s break it down in a simple, friendly way 👇 An annuity is a way of turning your pension pot into a guaranteed income for life. Once you reach pension access age, you can use some or all of your pension to buy an annuity from an insurance company. In return, they promise to pay you a regular income, usually for the rest of your life. Here’s how it works. First, you can normally take up to 25% of your pension as tax-free cash. The remaining mon
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TikTok
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How Much Do You REALLY Need to Have Saved at age 60 to Retire with $10,000 per month⁉️ 💾 be sure to save for later 💾 ⭐️ Here are the assumptions I'm using ⭐️ ☑️ 2 Spouses age 60 considering retirement at 62, 65, and 67 ☑️ #socialsecurity month income values are $2k @ 62, $3k @ 65 & $4k @ 67 ☑️ 60% of retirement assets will be placed in an #incomeannuity @ 60 to maximize income ☑️ 40% of their wealth will remain invested for #inflationprotection ☑️ They will take 5% annual income withdrawals fr
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5 months ago
TikTok
safemoneymatt
2:49
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mapalomakhu
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The average American contributes to their 401(k) for their retirement, thinking theyre good to live on that money later BUT most people don’t understand how it works or what comes w| having one. Here is a quick video highlighting a few of the red flags I noticed about 401K plans. Watch until the end and I will give you an alternative to that account. It’s something called a fixed indexed annuity, which is the best kept retirement secret 🙃 ##401k##retirement##retiring##403b##tsp##retirementhelp#
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Jul 16, 2024
TikTok
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