67. Noel Whittaker - Australian Personal Finance Legend
Aussie Firebug
00:00
What Are Your Thoughts on Annuities?
I understand that you're a bit of an expert in annuities. So what are your thoughts on annuities, especially for retirement planning? And is there a reason that they're not as popular as maybe they once were or in other countries? They seem to be a little more popular. They're mainly sold now for Social Security reasons. The governments now got special types of income funds like annuities,. only 60% counts for the assets test. If you put $300,000 into one of these income products, you'll get $8,000 pension and 20 grand from the annuity. But that's $300k lost on death. That's interesting. You could
Transcript
Play full episode
