49. The Old Annuity Is Gone. Here's What Retirees Buy Now.
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49. The Old Annuity Is Gone. Here's What Retirees Buy Now.
Annuities have changed significantly over the years, yet many opinions about them are still based on older products and outdated contract designs.
In this lesson, Dr. Amanda explains the evolution of annuities and compares variable annuities, multi-year guaranteed annuities (MYGAs), and fixed indexed annuities (FIAs). You’ll learn how their fees, growth methods, protections, liquidity features, and income options differ—and why the right question is not whether annuities are good or bad, but what specific role an annuity needs to serve in your retirement plan.
Timestamps:
00:00 – Why not all annuities are the same
01:29 – The misconception that all annuities have high fees
02:16 – How annuities have evolved over time
03:24 – How modern MYGAs work
05:41 – Fixed indexed annuities and market-linked growth
07:01 – Variable annuities, fees, and market exposure
10:56 – Comparing variable annuities, MYGAs, and FIAs
12:33 – Understanding fees by annuity type
13:37 – How lifetime-income riders work
14:35 – Old annuitization versus modern flexibility
16:29 – The roles annuities can serve in retirement
18:35 – Choosing an annuity based on the job it needs to do
18:51 – How to explore your annuity options
19:32 – Closing and educational disclaimer
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About Dr. Amanda
Amanda Barrientez | PhD, RICP®, RSSA®, NPN #19460436
IBC Practitioner®, Ed Slott's IRA Advisor Group Member®
Court of the Table Member MDRT®
Dr. Amanda is the founder of Retirement Solutions Financial™ and creator of the Retirement Income School™. After losing her father and helping her mom navigate retirement, she felt called to help others avoid the stress and confusion of planning alone.
She specializes in safe money strategies using dividend-paying whole life insurance, fixed index annuities, long-term care coverage, and Social Security claiming strategy. Her mission? To help you protect your wealth and enjoy a secure, stress-free retirement with confidence.
⚠️ DISCLAIMER
The information in this podcast is provided for general educational purposes only and does not constitute financial, legal, or tax advice. Retirement Income School™ and Dr. Amanda Barrientez do not provide individual investment recommendations. Always consult with a licensed advisor or tax professional before implementing any strategy discussed.