Wendy-Swanson-7-When is the best time to buy an annuity
In this video, Wendy Swanson explains that the best time to purchase an annuity depends on your individual goals—whether you’re building income for retirement, converting existing savings, or planning to pass assets to the next generation.
Video Transcript
When you purchase an annuity is a very individual question, because it really comes down to what is the goal behind the annuity itself. So, you know, earlier today, for instance, I had a gentleman that was a little bit younger and he wanted to make multiple contributions over the course of the next 20 years in order to have so much income where he went to retire and other circumstances. You know, you may have somebody who is retiring and they have, you know, maybe an old 401(k or, you know, a CD or something like that. They want to convert into income or potentially even transfer that to the next generation. So, you know, it's really always going to come back to based on the need as to what sort of annuity you really want to purchase.
