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Confused about annuities & how they REALLY work? This video uses a comparison chart to clarify common annuity myths and show you which of the five annuity types might be the best for you. We address contradictions about guaranteed income, principal protection, and fees to help you make informed retirement planning decisions. Learn about fixed annuity options vs variable annuity types, and more! Are you confused? Not knowing the types of annuities is what leads people to think annuities are too complex or that they will eventually feel taken advantage of. In today’s video, we will clarify the contradictions you hear about annuities using a comparison chart that we created to help you see which of the 5 types of annuities are best for you! If you're curious, the following is where ChatGPT can also confuse you. Below is the answer, but it didn't explain that this type of annuity is only for a SPIA or DIA. MYGAs, for example, can never provide lifetime income. ChaptGPT's answer: "An annuity is a contract with an insurance company where you pay a lump sum or a series of payments, and in return, the insurance company agrees to pay you income later, either for a set period or for the rest of your life." Watch this video where we explain how each annuity works, the pros and cons, and how you know which one fits YOU the best! 🚩 SUBSCRIBE TO OUR CHANNEL / @kciis 🤳 Call us to help you with Guaranteed Income and Health Care Planning. Contact Us (No Cost & No Fee) https://retiringoptions.com/contact-us/ ☎️ 408-502-7080 www.RetiringOptions.com Your Retirement Advisors (18 Years) Kai & Ann Chung & Gracie (Our Retirement Puppy) KCIIS (KC Independent Insurance Solutions, LLC) =================================== 🎦 Related Videos 👇Click 🔗 Links 👇 What is an Annuity? (You'll be surprised to learn the 5 types!) • What REALLY is an Annuity? (Which One is G... Reaction to Dave Ramsey's Video: • Dave Ramsey said WHAT?! (The BIAS on Fixed... 📖 Chapter Titles: 0:00 Why do we know so little about Annuities 3:02 Know Your Purpose 4:17 SPIA/DIA (1 of 5) 7:06 MYGA (2 of 5) 8:53 Variable Annuities (3 of 5) 9:46 Fixed Index Annuities (4 of 5) 12:45 Hybrid Pension (5 of 5) NEWEST Annuity 15:31 How Are Annuities Taxed? 16:26 Everything Has a Purpose #annuity #hybridpension #401k #retireearly #guaranteedincome #KCIIS