What are annuities and how do they work?
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What are annuities and how do they work?
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💸 Part 4 | Why get an annuity? 👉🏼 Disclaimer: This content is for informational purposes only and does not constitute financial advice. Please speak to an independent financial adviser before making any financial decisions. #finance #money #annuity #pension #wealth
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TikToklivingthedream.ali
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What is an annuity and how does an annuity work? Let’s break it down in a simple, friendly way 👇 An annuity is a way of turning your pension pot into a guaranteed income for life. Once you reach pension access age, you can use some or all of your pension to buy an annuity from an insurance company. In return, they promise to pay you a regular income, usually for the rest of your life. Here’s how it works. First, you can normally take up to 25% of your pension as tax-free cash. The remaining mon
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YouTubeDrew Blackston, CRC®
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