Episode 211: Annuity Myths Exposed

In this episode, we ask:

• Would you like to join us on Saturday, October 9, 2021 for the Inaugural Not Your Average Financial Summit? Join the Not Your Average Community to learn more!
• What about the fees on annuities?
• What about Dave Ramsey, Ken Fisher and Suze Orman?
• What about transferring risk?
• What about buying a guarantee that you will never run out of money?
• How about an example?
• What about commissions?
• What would the investment advisor earn on assets under management (AUM)?
• What are the fees on AUM?
• Do these fees seem reasonable?
• What offers a predictable income?
• What about annuities and liquidity?
• What about deferred annuities?
• What about liquidity provisions?
• What about 10% withdrawal amounts?
• What about surrender charges?
• What about the cumulative amount provisions?
• Would you like another example?
• What is the 3% rule?
• How could you generate more income in retirement without extra work?
• What about interest rates?
• What about Wade Pfau’s paper in Forbes Magazine?
• What do annuities rely upon?
• What are mortality credits?
• What sort of guarantees come with annuities?
• What about the law of large numbers?
• What about pricing out mortality?
• What about youth?
• What about a familial tendency toward premature death?
• What about payments to family members?
• What about old-fashioned annuities?
• What about giving up control?
• What about gaining control over longevity risk?
• What about gaining control over a deflationary economy?
• What about gaining control over market risk?
• What about gaining control over sequence of returns risk?
• What happens if…?
• What about bonds?
• What are the three phases of wealth building?
• What about protecting money when the market goes up?
• What about distributing wealth?
• What about protecting wealth from creditors and predators?