Sep 7, 2021
In this episode, The Annuity Man and Chuck Jaffe discuss:
- Some good examples of bad investments
- Issues with cryptocurrency
- Understanding indexed annuities
- Interest rates and inflation
Key Takeaways:
- Some investments are unjustifiable and unnecessary.
- Cryptocurrency isn’t that different from gift checks, except you can actually spend gift checks. Only a handful of stores accept bitcoin payment.
- The problem with indexed annuities is that it’s so difficult to explain.
- A lot of things go into calculating inflation in your own context, like taking into account your spending habits and where you are in life.
"Inflation is a very much personalized thing… you could say that inflation is not bad, but a lot of houses are having trouble with inflation because of their spending patterns and where they are at in life." — Chuck Jaffe
Connect with Chuck Jaffe:
Website: http://moneylifeshow.com/
Podcast: https://moneylifeshow.libsyn.com/
Twitter: https://twitter.com/ChuckJaffe
Connect with The Annuity Man:
Website: http://theannuityman.com/
Email: Stan@TheAnnuityMan.com
Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work
YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g
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