Annuities are popular with many retirees because they offer what seems to be a guaranteed fixed income for the rest of your life. Financial advisor Suze Orman warns that they might not be as safe a bet as they seem.
"[An annuity is] subject to the claims paying ability of the issuing company," said Orman on an episode of her podcast, Suze Orman's Women & Money. "Meaning that if the insurer gets in trouble… your guarantee is only as good as their balance sheet."
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"[An annuity is] subject to the claims paying ability of the issuing company," said Orman on an episode of her podcast, Suze Orman's Women & Money. "Meaning that if the insurer gets in trouble… your guarantee is only as good as their balance sheet."
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
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#orman #financial #women #bezos
2 months ago