179 Pension income options – Annuity versus Drawdown
As a highly regarded financial adviser and an industry expert with over 30 years’ experience, Billy Burrows first joined me in 2019 to chat about all things to do with annuities. Since we last spoke the annuity landscape has changed significantly and has become harder to beat as a solution for pension income. So, I welcome Billy back to talk about the pros and cons of buying an annuity versus entering pension drawdown to help you decide the best way to provide an income in your retirement. Billy believes that many people are unknowingly throwing income down the drain due to a lack of understanding. Intuitively people may think that drawdown is the “best thing since sliced bread”. But, in reality, and especially now that interest rates and bond yields have increased, an annuity is actually a very hard act to beat! Listen here to find out why this is the case! USEFUL LINKS Find out more about Billy: www.williamburrows.com 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 CONNECT WITH ME Thanks for checking out my YouTube channel - I’m Chartered and Certified Financial Planner Justin King and I help people to retire successfully. 📘 Download my book, Ready, Steady, Retire: https://wb198-89a1ad.pages.infusionsoft.net/ https://www.theretirementcafe.co.uk/ 👉 Get my weekly newsletter: https://bit.ly/MFPnews 👉 MFP Wealth Management: https://www.mfpwealthmanagement.co.uk/ 👉 LinkedIn: https://www.linkedin.com/in/justinking-online-retirement-planner-ifa/ 👉 Twitter: https://twitter.com/JustinKingCFP ⚠️ This podcast is for information and entertainment only. Nothing on this podcast constitutes financial advice. Please do not make any decisions based on the contents of my podcasts; seek professional independent financial advice first!