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When it comes to planning for retirement, annuities often come up as a topic of discussion. But what exactly are annuities, and how do they fit into your financial plan? Today we’re going to break down the four different types of annuities and explain their pros and cons to help you make the best decision on which one fits you the best. We’ve been receiving a lot of questions and inquiries about annuities recently. These products have been around for many years but are growing in popularity now because of the rising interest rates, which drives the upside potential for annuities. While some of these products are attractive in the right setting, they won’t be a fit for everyone. And with thousands of versions and hundreds of companies marketing them it can be difficult to sort through all of the options. Join us as we dive into the four basic types of annuities: Immediate, Fixed, Fixed Index, and Variable. Each type has its own set of characteristics, benefits, and drawbacks, making it essential to understand which one might be the best fit for your financial goals.   Here’s what we cover in this episode: 0:00 – Intro 0:55 – Why the growth in annuities? 6:39 – Removing bias 9:39 – Immediate Annuity 12:40 – Fixed Annuity 18:15 – Fixed Index Annuity 24:02 – Variable Annuity 27:00 – Planning is crucial   Watch the show on YouTube: https://bit.ly/3RiT7Ky