You're already ahead of the pack if you're asking when to annuitize your funds. Most people don't even know what "annuitization" means, let alone when to pull the trigger. When you annuitize, your money is held by an insurance company, as I explored in this week’s Q&A Friday: Who Keeps Your Money in an Annuity

Annuitization is the process of turning your money into a guaranteed income stream for a specific period or for the rest of your life. It's like signing a contract with an insurance company that says, "Hey, you keep my money, and in return, you pay me back in steady, predictable payments. Deal?" It's turning uncertainty into certainty. Check out this weeks Shootin’ It Straight With Stan: When Annuitization Becomes The Final Choice. If you need a steady income stream and are stressed about market conditions, annuitization may be the right option for you.

Annuitizing your funds is a personal decision that depends on your financial situation and risk tolerance. It’s not one-size-fits-all, and anyone who tells you otherwise isn’t giving you the full story. Before annuitizing, you want to understand what you are doing. Quoting all carriers is prudent, and you can do that with the annuity calculators on my website.  If you’re wondering what a specific dollar amount will get you, you can also watch this week’s video 100K Annuity Payout for more clarification.

If you value peace of mind, simplicity, and a no-nonsense income stream, annuitizing could be your financial superhero. But if you’re all about liquidity and growth, keep exploring other options. If you’re still unsure, book a call with my team and we’ll talk.

Never Settle,

Stan