188: Annuities Unpacked - Securing Your Retirement in Today's Economy
About this episode
The episode discusses the reasons behind the low purchase rate of annuities for retirement income, featuring insights from financial adviser Billy Burrows.
Today, we're diving into the perplexing topic of why more people don't buy annuities to provide a guaranteed income in retirement, and who better to have this conversation with than Billy Burrows. Billy is a highly regarded financial adviser with over 30 years' experience and founder of the Retirement Planning Project which aims to make it easier for people to get information and help on all aspects of retirement planning. In our conversation Billy and I explore some of the reasons that deter potential annuity buyers from securing their retirement income, explain mortality drag and mortality cross subsidy, plus why buying annuities in stages can be beneficial. We also discuss the impact future government policies could have upon pensions and annuities – in light of the upcoming general election. USEFUL LINKS Find out more about Billy: www.williamburrows.com Billy on Twitter / X: https://x.com/BillyBurrows Billy on LinkedIn: https://www.linkedin.com/in/billy-burrows-6ab1521a/ Billy's previous episodes on the podcast: Pension freedoms: https://www.theretirementcafe.co.uk/episodes/pension-freedoms Annuities: https://www.theretirementcafe.co.uk/episodes/william-burrows Pension income…
Topics covered
- annuities
- retirement income
- financial planning
- government policies
- pensions
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- 192: The Soul of Wealth, with Daniel Crosby
- 191: The Three Domains of Freedom - A Deep Dive with George Kinder
- 190: A Retirement Well Spent - Lessons from 4,000 Weeks with Oliver Burkeman
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