How Do I Know Which Annuity Is Best for Me?

Wendy-Swanson-9-How do I know what annuity is best for me

In this video, Wendy Swanson explains that choosing the best annuity depends on your financial goals—such as income, growth, or wealth transfer—and recommends working with a trusted advisor to match the right product to your needs.
Video Transcript

Choosing the best annuity can be a little bit of a complicated process, you know, you can certainly go out and do some research on, you know, different websites to kind of, you know, get that entry level information on whether you might want to consider a CPA or idea or a mega or a fixed indexed annuity. You know, these are all acronyms for annuities there. So really, to get down to the heart of the matter, you want to work with a consultant either over the phone or, you know, somebody within your community to really determine what are the goals. Is it about just safety and growth may maybe beating the CD rates?

Is it about income replacement? Is it about wealth transfer? Is it about enhanced benefits for chronic illness situations? Based on that information, a great advisor is going to be able to shop the different solutions that are going to be available to you based off your age and come up with some different ideas to really make sure we're hitting your objective.