Episode 451: Refinance Your Retirement – An Important Update on Annuities

In this episode, we ask:

• Do you need the latest and greatest?
• Are you rocking a flip phone?
• How have interest rates affected crediting rates, caps and guaranteed lifetime income streams?
• Did you buy a contract in the low rate years?
• What are the new contracts offering with higher interest rates?
• Is it smart to run the numbers?
• What other everyday financial products need review?
• What is the insurance industry’s answer to a CD?
• What about income annuities?
• Is it time for an annuity refresh?
• Is it costly to shop around?
• What about fixed index annuities from 2005-2020 or so?
• What is the upside potential?
• Are interest rates the whole story for annuity products?
• What are the better caps and spreads?
• What never runs out?
• What is the bottom line?
• How about an example?
• What happened with inflation?
• Should all annuities be replaced?
• What is a surrender charge?
• Is the surrender charge worth it?
• Does the contract’s new features benefit you?
• Is the old one better?
• Has the interest rate environment changed in your favor?
• Is this worth a fresh look?
• What are the key takeaways?