Can You Buy a DIA With a Roth IRA?
Retire For Less With The Annuity Expert por Shawn Plummer
Notas del episodio
Are you thinking about using your tax-free Roth IRA money to buy a Deferred Income Annuity (DIA) for future retirement income? Before you lock up your life savings, you need to hear this warning! 🛑💸
In this video, Shawn Plummer from The Annuity Expert gives a brutally honest breakdown of why Deferred Income Annuities are usually a terrible idea. Shawn explains the massive traps hidden inside DIA contracts: you are forced to lock in a rigid future date to start your income, the payouts are completely irrevocable (meaning you can never change your mind), you don't earn interest, and if you pass away before the income turns on, your family might not get a death benefit!
Instead, Shawn reveals the ultimate alternative for your tax-free money: a Fixed or Fixed Index Annuity with a Guaranteed Lifetime Withdrawal Benefit (GLWB). By using a ...Â