There are a variety of annuities and other insurance products available for retirement planning. Trying to find the one with the best fit can be almost impossible without the right guidance.
Today, we dive into registered index-linked annuities (RILAs). What they are, what makes them special, some pointers to see if they are a good fit for you, and who shouldn't purchase one.
In this episode, you will learn:
>> (3:26) What is a RILA?
>> (3:46) Common misconceptions of RILAs
>> (4:22) Real-world examples of a buffer floor
>> (6:52) When protections apply
>> (7:24) What a good advisor should do
>> (9:39) A critical retirement planning step
>> (11:38) When a RILA may not be the best choice
By creating a plan and gaining understanding, you can give yourself peace of mind and confidence and make better investment decisions. Focusing on your goals before rushing to buy a product can save you needless headaches and future worry. RILAs can play a strategic part in that plan in certain situations.
Enjoy the episode.
Links Referenced in the Show:
The Retirement Plan Checklist:
https://themillionaireinsider.com/rpc
Take the Retirement Readiness Quiz
https://themillionaireinsider.com/rrq
Have Questions? Need Support?
https://themillionaireinsider.com/sr
Show notes and more information:
https://themillionaireinsider.com/152
This information is for educational purposes only and is not intended to provide financial, investment, or planning advice.
