When an Annuity Makes Sense: A Real-Life Example with Andy Panko, #232

Retire With Ryan

How can an annuity help you secure income in retirement? Annuities often come with a reputation for being complicated, expensive, and overhyped—but they aren’t one-size-fits-all. The truth is, while they’re not the best solution for everyone, there are situations where they can provide the guaranteed monthly income some retirees need.

In this episode, I’m joined by Andy Panko, CFP®, RICP®, EA, and President of Tenon Financial. Together, we’ll cut through the confusion and explore when an annuity might actually be the right fit for your retirement strategy.

You will want to hear this episode if you are interested in...

• [1:40] Two ways to generate income in retirement
• [3:07] Real-life scenario: When you might want an annuity
• [12:36] How an indexed annuity works
• [16:39] Do annuities have inflation adjustments?
• [20:13] Calculating the rate of return
• [23:42] Why a good financial advisor is important

Resources Mentioned

• Retirement Readiness Review
• Subscribe to the Retire with Ryan YouTube Channel
• Tenon Financial
• Andy Panko on LinkedIn
• The 7 Myths About Indexed Universal Life Insurance
• ImmediateAnnuities.com
• Financial Planning Association
• Charles Schwab Income Annuity Calculator

Connect With Morrissey Wealth Management

www.MorrisseyWealthManagement.com/contact

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