Annuities Explained: Income or Growth

I'm Julianne Dickey, We Care Medicare, your Medicare insurance advocate for the Central Coast. Annuities have a reputation. This is because in the olden days they were connected to the market and people lost money.

So the two types of annuities that I represent are income and growth. Income annuities, you hand over a set amount of money and they pay you a paycheck for the rest of your life. Growth annuities, your money grows, sometimes tax-deferred, sometimes not.

There's rules attached, but the main thing is that they're guaranteed no loss and only growth. An annuity is a tool.

It's not a magic trick. Sometimes it fits, sometimes it doesn't. And again, I'm paid by the insurance companies, never by you.

So before you sign anything, let's look at it together. Give me a call.