When approaching retirement, there are many big questions you must answer. One of the most important is how do you create reliable income from your savings and investments without running out of money? For an increasing number of people, this means including annuities as part of a retirement income plan. In this episode of Edelman Financial Engines’ Everyday Wealth™, Jean and wealth planner Isabel Barrow define what annuities are and if they’re right for everyone. Then, Kelly O’Donnell, executive vice president, and co-chief client officer at Edelman Financial Engines, joins the conversation to provide insight on annuities in the workplace and the SECURE 2.0 Act. Later, Jean talks with Robert Bain, who leads the insurance team at Edelman Financial Engines, about the pros and cons of equity-indexed annuities and the complex details that surround them.

The show is prerecorded. Firm stats as of March, 2023.

Ms. Chatzky receives cash compensation for acting as host of the Everyday Wealth podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners.  That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses.  The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).

The information being provided is for informational and educational purposes only and should not be construed as advice. You should consult a financial advisor to help determine the best options for your particular circumstances.

Neither Financial Engines Advisors L.L.C. nor any of its advisors sell insurance products. Edelman Financial Engines affiliates may receive insurance-related compensation for the referral of insurance opportunities to third parties if individuals elect to purchase insurance through those third parties. You are encouraged to review this information with your insurance agent or broker to determine the best options for your particular circumstances.

An index is a portfolio of specific securities (such as the S&P 500, Dow Jones Industrial Average and Nasdaq composite), the performance of which is often used as a benchmark in judging the relative performance of certain asset classes. Indexes are unmanaged portfolios and investors cannot invest directly in an index. Past performance does not guarantee future results.

© 2023 Edelman Financial Engines, LLC. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. All advisory services provided by Financial Engines Advisors L.L.C., a federally registered investment advisor. Results are not guaranteed. Produced May 2023.