You’ve probably heard some mixed opinions on annuities in your lifetime. But before you get swayed one way or another, it’s important to understand what exactly an annuity is and how they work. Listen in as Phil breaks down the difference between immediate and deferred annuities and offers insights into their benefits and drawbacks.   Here’s some of what we discuss in this episode: 1:08 – What is an annuity? 10:04 – When might an annuity be appropriate? 13:20 – The misunderstood features of annuities 18:31 – Working with a fiduciary that has your best interest in mind   For more, visit us online: http://philstaxhacks.com Watch the video podcast on YouTube: Phil's Tax Hacks and Other Retirement Facts