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. 

To schedule a Tumolo Financial Retirement Checkup visit TumoloFinancial.com

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.

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. 
To schedule a Tumolo Financial Retirement Checkup visit <a href="https://tumolofinancial.com/">TumoloFinancial.com</a>
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.

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

Tumolo Financial Radio

Summary  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, it is important to be cautious when considering annuities, as some may have high fees and may not fit into a comprehensive financial plan. Gathering information about a person's accounts, values, and spending is crucial before building a projection and identifying potential problems. Annuities can be used as a backup to the market, to provide income for life, and to earn higher interest rates than traditional savings accounts. It is essential to have a plan in place before investing in annuities and to ensure that they align with the individual's goals and lifestyle.

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