Red Clay On Wall Street

On this episode of Red Clay on Wall Street, host, Dr. John Colegrove walks you through another financial query that you may be experiencing in your life. Today’s episode is centered around what a fixed annuity is and who it is most appropriate for, and how it compares to other financial vehicles, products, and investments. Dr. John Colegrove provides real life applicable examples for listeners to understand just how fixed annuities can work for their benefit.   In this episode: 0:09  - Welcome! 1:09 - Dr. John Colegrove introduces the episode theme: what is a fixed annuity 1:15 - A fixed annuity is an insurance product that provides investors with principled protection, a fixed rate of interest, and tax-deferred growth. 1:26 - What stage of life are fixed annuities geared toward and why? 1:51 - When should you own a fixed annuity? Though everyone’s situation is unique, there is one circumstance where owning an annuity is ideal 2:00 - Why and who should be maintaining a healthy emergency fund? 2:20 - Fixed ann