Ken Tumolo and Nick Tumolo discuss how annuities may be appropriate for individuals with high spending relative to their savings, a desire for guaranteed income, and a need for peace of mind. However, they also mention that it's important to be cautious when considering annuities, as some may have high fees and may not fit into a comprehensive financial plan. 

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Ken Tumolo and his son Nick Tumolo join you on the Tumolo Financial Radio to offer solutions and strategies for your retirement planning needs. With decades of financial planning experience, Ken and Nick offer tax recommendations, estate planning advice, Social Security maximization, wealth management, retirement income planning and much more.