MEC Practice Academy 11.19
News|Videos|April 10, 2026

The truth about annuities

Fact checked by: Todd Shryock

Annuities can sometimes sound too good to be true. Often, they are.

Annuities sound great — you give an insurance company a lump sum of money and in return, they give you a guaranteed income for a set number of years. But there are many types of annuities, both with fixed and variable rates, and sometimes the math behind them doesn’t always add up in your favor.

In this episode of Money Matters, Steven Podnos, M.D., CFP, addresses annuities and whether the promises offered live up to the real returns.

Steven Podnos, M.D., CFP is a fiduciary fee-only planner with HB Wealth. He can be reached at Steve.Podnos@hbwealth.com, or visit HBWealth.com, or call Steve at 321-543-1099.


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