Apr 20, 2022
In this episode, The Annuity Man discussed:
- Why do they sell you indexed annuities?
- Letting CPAs stay in their lane
- Listening to the right people
- No good reason to sell
Key Takeaways:
- Your CPA should not be involved in financial advice. There is a reason why they often sell indexed annuities, and that’s because they’ll get the highest commission from that type of annuity.
- CPAs are analytical and good with numbers, but they don’t read the policies, don’t understand the annuity product that they’re selling to you, and are not equipped to give you a product that gives contractual guarantees fitting all your needs.
- There’s not a one-size-fits-all product when it comes to annuities. Sometimes you don’t even need an annuity or don’t need it yet. If the person selling to you isn’t a licensed professional, then you shouldn’t be listening to them.
- There is no good reason why a CPA would sell you an annuity product that they don’t completely understand. There’s only one, and that’s greed - they’re not thinking about you, they’re thinking about taking your money.
"Never ever take any tax advice from anyone other than a CPA and a tax lawyer - but the reverse is true, don’t buy an annuity from a tax lawyer or a CPA. Tell them to stay in their lane." — Stan the Annuity Man.
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
Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator!