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Dollars & Sense: Pros & Cons of Annuities

Certified Financial Advisor and Partner at Bridgewealth Advisory Group, Derek Elrod, visited Great Day to talk about what an annuity is and some of the pros and cons.

Certified Financial Advisor and Partner at Bridgewealth Advisory Group, Derek Elrod, visited Great Day to talk about what an annuity is and some of the pros and cons.

Annuity Benefits:

  • Tax deferral on gains
  • Contribution limits
  • Avoids probate
  • Different types of guarantees (Accumulation, Withdrawals, Death benefit withdrawals)


Annuity Disadvantages:

  • High fees
  • Taxability on withdrawals
  • Illiquidity
  • complex
  • penalties


Bridgewealth Advisory Group, LLC is located at 986 W. Alluvial Avenue, Suite 101 in Fresno.

Click here to visit Bridgewealth Advisory Group online or call (559) 432-6100.

Derek Elrod is a partner at Bridgewealth Advisory Group, LLC and President of the Financial Planning Association of Central California. He received his undergraduate degree at Santa Clara University with a Bachelor of Science in Commerce with a focus on Finance, his Masters in Business and Administration from California State University Fresno, and will have completed a Masters in Financial Planning & Taxation from Golden Gate University in April 2018. Derek is a Certified Financial Planner and also possesses a Series 7 securities license, a Series 66 license, and has a California Life & Health Insurance license.

* Advisory Services offered through Bridgewealth Advisory Group, LLC, RB Capital Management, LLC and securities through APW Capital, Inc. Member FINRA/SIPC

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