Retirement Annuities–Should you Buy an Income Annuity (SPIA) in Retirement

Retirement Annuities–Should you Buy an Income Annuity (SPIA) in Retirement

Should you use some or all of your retirement savings to buy an income annuity? That’s the question we look at in this video. Called a Single Premium Immediate Annuity, these annuities don’t come with all of the fees and complexities of other annuity products. Yet it can still be difficult to decide if you need one, when you should buy it, and how much you should invest.

In this video I’ll share annuity calculators, an annuity formula and a number of resources that can help you decide whether an income annuity is right for you in retirement.

Resources in Video:

https://www.schwab.com/annuities/fixed-income-annuity-calculator
https://digital.fidelity.com/prgw/digital/gie/
https://www.morningstar.com/articles/1056871/do-you-need-an-annuity-for-retirement-income
https://www.wsj.com/articles/the-case-for-replacing-some-bonds-with-annuities-11612454401
https://www.whitecoatinvestor.com/spia-the-good-annuity/
https://rationalreminder.ca/podcast/59
https://rationalreminder.ca/podcast/165
https://www.aiplanner.com/
https://www.gordoni.com/lifetime_portfolio_selection_using_machine_learning.pdf
https://www.kitces.com/blog/calculating-longevity-insurance-rates-a-longevity-annuity-comparison-to-stock-and-bond-returns/
https://poseidon01.ssrn.com/delivery.php?ID=612085086071107094125030103003019078006040020061071033076094087097072088066071094109101003043040006010034085023004116065071094061087094034004092100068093004102093010014100096125068027072084026012018120027096092111073117081029120067123083013088065&EXT=pdf&INDEX=TRUE

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My Favorite Banks & Credit Cards:

Wells Fargo Active Cash (Cash Back): https://www.allcards.com/go/wf-active-cash/yt-
Chase Sapphire Preferred (Travel): https://www.allcards.com/go/sapphire-preferred/yt-
U.S. Bank Visa Platinum (0%): https://www.allcards.com/go/usbank-visa-platinum/yt-
Axos Bank (High Yield Savings): https://www.allcards.com/go/axos-savings/yt-
OnJuno (free checking): https://www.allcards.com/go/onjuno/yt-

Popular Videos:

1️⃣ How to Create a 3-Fund Portfolio: https://www.youtube.com/watch?v=kmw8OpGp2rM
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3️⃣ 7-Step Financial Checkup: https://www.youtube.com/watch?v=mNWGWxKzKTY

#retirement #annuities #robberger

ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I’m the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.

I’m also the author of Retire Before Mom and Dad–The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

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