Annuities 101 with Steve Merdinger (Ep. 24)

Dollars and Sense

Purchasing annuities can be confusing, and on top of that, they’re often an emotional decision.

In this episode, Nicole Romito breaks down annuities with Steve Merdinger, ChFC®, CFP®, Partner at Private Vista. They give an overview of points to consider and things to be aware of before purchasing them.

Steve discusses:

• What fixed and variable annuities are
• The importance of understanding what you’re buying
• The general prices of different annuities you can anticipate
• The pros and cons of annuitization and what the exclusion ratio is
• Why purchasing an annuity tends to be an emotional decision
• How annuity contracts are structured
• And more

Connect with Nicole Romito:

• LinkedIn: Nicole Romito
• MyPrivateVista.com
• [e-mail]
• Call: 312-831-4370

Connect with Steve Merdinger:

• LinkedIn: Steve Merdinger
• MyPrivateVista.com
• [e-mail]
• Call: 312-831-4426

About our Guest:

Steve Merdinger is a Partner and experienced Certified Financial Planner (CFP®) and Chartered Financial Consultant (CHFC®). With over three decades in financial planning, he helps individuals and families achieve their goals. Having worked in his family’s business, Steve has valuable insights into family-owned enterprises and succession planning. He holds a Bachelor of Business Administration from the University of Kansas and actively mentors students in the University of KU Business School program. Steve is involved in the Chicago Board of the Positive Coaching Alliance and aspires to become a trainer with the organization. He is a member of the Union League Chicago and the Valley Lo Club.