Are annuities a smart retirement strategy… or a costly mistake?

There are people who swear by annuities. Others avoid them completely. In this episode of Farming Without the Bank, we break down the real pros and cons of annuities—especially compared to dividend-paying whole life insurance and the Infinite Banking Concept.

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If you've ever wondered whether annuities provide true security, tax advantages, or financial flexibility, this episode will help you think through the decision more clearly.

🔎 What You'll Learn in This Episode:

• The key differences between annuities and whole life insurance
• Why annuity income is typically taxable
• The liquidity problem most people overlook
• When an immediate annuity actually makes sense
• How annuities can impact long-term care planning
• Why flexibility and control often matter more than guarantees

💡 Key Takeaways:

• Annuities can provide guaranteed lifetime income—but usually at the cost of liquidity.
• You cannot borrow against an annuity like you can with whole life cash value.
• Annuity withdrawals are generally taxed as ordinary income.
• In certain situations (like large inheritances or land sales), an immediate annuity may be a strong fit.

Every financial tool has a place—but the situation must fit the strategy.

⏱ Chapters:
(00:00) – Why Annuities Are So Popular
(01:05) – What Annuities Actually Are
(03:04) – The Tax Problem Most People Miss
(04:48) – When Immediate Annuities Make Sense
(06:44) – Real-Life Example: 80-Year-Old Landowner
(09:30) – Annuities & Long-Term Care Planning
(11:31) – Liquidity vs Guarantees: What Matters Most?

If you're building your own "warehouse of wealth," understanding how annuities compare to whole life insurance is critical.

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📩 Questions? Email: maryjo@withoutthebank.com

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