Jan 12 2025 13 mins
Felicia joins us on "Know Your Money." Our discussion focuses on the intricacies of living annuities, including the often confusing process of transferring them between providers. Learn how to navigate the Insurance Act and Prudential Communication regulations effectively, and discover why consolidating annuities might be a smart move to optimize your platform fees and streamline your financial strategy. With expert insights from Craig Finch and Bronwyn Waner of Growth Financial Planning, along with Warren Grimsley from Rogue Media, this conversation is your gateway to mastering your financial future.
Explore the nuanced world of annuities as we distinguish between living and life annuities, decoding the transition possibilities between these financial instruments. Felicia sheds light on the lack of beneficiaries in life annuities and the importance of guaranteed income, underscoring the critical role of financial advice in these decisions. With our engaging dialogue, we cut through the complexities to provide clarity and understanding, making this episode an essential listen for anyone aiming to make informed decisions about their retirement funds. Tune in for a transformative discussion that promises to enhance your financial acumen.
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