Aug 30, 2023
In this episode, The Annuity Man discussed:
An advisor who’s an annuity hypocrite
Annuities you might already own.
“All annuities are ____”
An advisor who says, “never buy an annuity” or “all annuities are ___” is an advisor that has lost all credibility. Don’t trust a hypocrite advisor.
It’s highly likely that you already own an annuity. Some examples of an annuity you might already own are these: Social Securities, RMDs, and IRAs.
One cannot broad brush the whole annuity industry. Saying all annuities are bad is like saying all restaurants are bad, or all shoes are bad, or all cars are bad. Some annuities are not beneficial, but you own an annuity for its contractual guarantees.
"Annuities aren't for everyone but a lot of people are benefiting from the contractual guarantees and the transfer of risk." — Stan The Annuity Man.
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