Across the country, many older Americans are struggling with low rates of return on traditional savings accounts and CDs that make it difficult to pay their bills without draining their retirement savings. For some, an annuity would make it possible to turn those savings into a lifetime income stream. Annuities were even recommended in a report by the Obama administration’s Middle Class Task Force. They are not without controversy, though. High fees and high sales pressure have led to heavy criticism of some annuity products.
On Friday, July 8, 2011, Steve Brenneman, vice president of American General’s Group Annuity Division will join Talk Credit Radio to explain how annuities work, and what you need to know —and watch out for—if you are considering one. Steve currently manages a division that provides annuity solutions to more than 1,000 groups.
Have a question for Steve about annuities? Post it on Credit.com’s Facebook page. If we use your question on the air, you’ll win a copy of one of Gerri Detweiler’s books.
Tune in to Talk Credit Radio:
Talk Credit Radio airs live every week on WTMY 1280 between 3-4 pm Eastern time/ 12 – 1 pm Pacific time.
Ask a question! Call into the live program at 941-954-1280 or send your question by email to creditexperts (at) credit.com.