With economic uncertainty and skyrocketing interest rates, the allure of short-term annuities are capturing attention during this volatile time, but are they the right choice for you? While they offer attractive rates and quick access to funds, the unpredictable nature of short-term interest rates poses a significant risk.
Navigate the annuity landscape with confidence by understanding the nuances of short-term annuities and understanding the potential benefits of the alternative long-term annuity. In this episode of Money Script Monday, Sean weighs the benefits and risks of annuities with a shorter withdrawal charge schedule and explores the alternative of longer-term annuities that could provide more consistent returns over an extended period.
Resources Provided for This Episode
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