For many, the word “annuitization” can feel confusing or intimidating. But understanding it can unlock powerful retirement income strategies.

In this episode, Greg Shepard explains what annuitization really means, who it’s best for, and the key benefits and risks to be aware of. He also breaks down how it works within TIAA plans, when to consider it, and the hidden tax and inflation factors you need to keep in mind.

Key takeaways:

• What annuitization means and how TIAA provides fixed lifetime income
• How to combine annuitized income with flexible sources like rollover IRAs and Social Security
• Why annuitization may benefit people who are less comfortable with managing money
• The estate planning pitfalls of annuities and what beneficiaries need to know
• The impact of inflation on annuities and why delaying annuitization may be more advantageous
• And more!

Connect with Greg Shepard: 

• Phone: (913) 521-2381
• Email: greg@shepardfinancial.com 
• LinkedIn: Greg Shepard
• Website: TIAA Simplified
• Website: S&A Financial Services
• LinkedIn: S&A Financial Services, Inc.