Duration: 3:01

Show Notes

In the first Finance Moment mini-podcast, Chief Investment Officer Jason Gunkel answers the question, “Are annuities really that bad?” He says that annuities usually get a bad rap from fee-only financial advisors like Syverson Strege, but that there are times when variable annuities are beneficial to a client. He explains the two basic types of annuities (fixed and variable) along with the benefits and negatives. Jason explains how annuities can be quite expensive and complicated because of the various layers of fees and surrender charges.

Finance Moment…Syverson Strege’s mini-podcasts to provide rapid-fire information on financial topics of the day.