Annuities address one of retirees' biggest concerns—outliving their savings. With an annuity, retirees don't have to worry about depleting their savings due to unexpected expenses, market downturns, or simply living longer than anticipated. Instead, they can count on a predictable source of income, allowing them to enjoy a good life throughout their golden years.
In this episode, DPL's Regional Vice President of Member Success, Blake Phillips, and RIA Consultant, Willie Jones, talk about annuities and their role in modern retirement planning. From understanding the history and purpose of annuities to exploring innovative fee-based solutions, Blake and Willie demystify common misconceptions and highlight how annuities can offer flexibility, principal protection, and guaranteed retirement income.
In this episode:
- [01:03] - Willie's role at DPL Financial Partners
- [02:14] - The historical roots of annuities
- [03:43] - What is annuitization
- [05:01] - Four types of annuities
- [09:19] - How annuities can be used for income without annuitization
- [12:58] - Why advisors recommend annuities for their clients
- [15:29] - Financial and psychological benefits of using annuities
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