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Let’s Clear Up the Confusion About Annuities- Episode 96

There are few financial tools out there with a greater disparity of information than annuities. Locating the details you need in order to decide if an annuity is suitable for you is an onerous task, to say the least.

We’re here to help. Is an annuity a good product for you? The best answer is this: it depends. There are several factors involved, but the first step is knowing something about them.  By knowing what you may be buying, you’re in a far better position to answer the suitability question.

This week’s episode of Managing Your Financial Future with podcast host Johnny Dean and Rick “The Professor” Plum, CFP® give you details on how annuities work, what to look out for, how they’re taxed to heirs, and much more.

Important Information:

The information provided should not be considered specific tax, legal, or investment advice and is not specific to any individual’s personal circumstances.

No client or prospective client should assume that the presentation (or any component thereof) serves as the receipt of, or a substitute for, personalized advice from Lucia Capital Group or from any other investment professional.

You should always seek counsel of the appropriate advisor prior to making any investment decision. All investments are subject to risk including the loss of principal. This material was gathered from sources believed to be reliable, however, its accuracy cannot be guaranteed.

Insurance services offered through LPL Financial or its licensed affiliates. CA Insurance Lic. #0518721.

Annuities are long-term investment products designed for retirement purposes. Guarantees are based on the claims-paying ability of the issuer subject to their terms and conditions. Early withdrawals may be subject to surrender penalties and, if taken prior to age 59½, may be subject to an additional 10% federal tax. Annuities are not FDIC insured. Certain terms and conditions apply, so please read insurance company materials carefully.

Rick Plum is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial.

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