188: Annuities Unpacked: Securing Your Retirement in Today’s Economy
Watch my conversation with Billy on YouTube or listen on the podcast player below
Today, we're diving into the perplexing topic of why more people don’t buy annuities to provide a guaranteed income in retirement, and who better to have this conversation with than Billy Burrows.
Billy is a highly regarded financial adviser with over 30 years’ experience and founder of the Retirement Planning Project which aims to make it easier for people to get information and help on all aspects of retirement planning.
In our conversation Billy and I explore some of the reasons that deter potential annuity buyers from securing their retirement income, explain mortality drag and mortality cross subsidy, plus why buying annuities in stages can be beneficial.
We also discuss the impact future government policies could have upon pensions and annuities – in light of the upcoming general election.
Useful links
Find out more about Billy: www.williamburrows.com
Billy’s previous episodes on the podcast:
Pension freedoms: https://www.theretirementcafe.co.uk/episodes/pension-freedoms
Annuities: https://www.theretirementcafe.co.uk/episodes/william-burrows
Pension income options – annuity versus drawdown: https://www.theretirementcafe.co.uk/episodes/179-annuity-billy-burrows
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Get in touch if you’d like a second opinion on your retirement planning
Email at hello@retirementcafe.co.uk
Watch the episode on YouTube here.
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