{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"What Is An Annuity and When Is It A Smart Investment?","description":"Today, Laura Stover, RFC\u00ae and Michael Wallin, CFP\u00ae discuss the importance of planning for retirement income and the role of annuities in retirement planning. They start by emphasizing the significance of having a solid plan in place, especially in the face of economic uncertainties like the pandemic, supply chain disruptions, inflation, and market corrections. They mention that over one-third of Americans over the age of 50 regret not having a lifetime income source, as revealed by a recent survey.&amp;nbsp; We highlight the role of annuities in providing structured, guaranteed income during retirement. They stress the need to identify the right annuity product for one's specific situation, and how annuities are designed for income purposes rather than accumulation. It\u2019s important to choose a reputable insurance company. Laura and Michael discuss various types of annuities, including multi-year guaranteed annuities and fixed indexed annuities. They emphasize that annuities should be a part of a comprehensive retirement plan and not the sole solution. They also mention the potential benefits of using structured notes as part of a diversified investment strategy. Purpose-based allocation should be the priority, where different financial tools are used to address specific financial goals in retirement. Always seek professional advice and consider their individual circumstances when making financial decisions. Rate, Review and Subscribe to the Podcast:  https:\/\/podcasts.apple.com\/us\/podcast\/retirement-talk-podcast-with-laura-stover\/id571347188 How to Connect: redefiningwealth.info lswealthmanagement.com Schedule a Review: https:\/\/redefiningwealth.info\/schedule\/ &amp;nbsp; Redefining Wealth\u00ae Custom Blueprint Income Plan: https:\/\/redefiningwealth.info\/schedule\/ &amp;nbsp; ","author_name":"Retirement Talk Podcast with Laura Stover","author_url":"https:\/\/redefiningwealth.info","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/28032783\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/161260584"}