College football season is starting, but Adam and Andy are more excited to tackle annuities (sort of). They explain why these "guaranteed income" products usually don't make sense, from hidden costs to lost flexibility to expensive fees.
Plus, they address recession fears while markets sit at all-time highs, discuss whether the AI trade is really dead, and debate the government's controversial stake in Intel.
We cover:
- Why annuities are complex, confusing, and expensive
- The hidden opportunity cost of "guaranteed" income
- When annuities might actually make sense (spoiler: rarely)
- Why recession predictions keep missing the mark
- The stock market as collective wisdom of millions of investors
- Whether the AI trade is really losing steam
- US government taking a 10% stake in Intel - socialism or smart policy?
⏱️ Timestamps:
- (00:34) College football season and annuities vs. madness
- (02:21) What annuities actually are and the guaranteed income pitch
- (06:28) The flexibility problem with handing over your money
- (08:08) Hidden opportunity costs that annuity salespeople won't mention
- (12:52) Variable annuities and the "no free lunch" principle
- (14:40) When annuities might actually make sense
- (15:50) Recession fears and why betting against the US keeps failing
- (18:06) What the stock market really represents
- (24:00) Is the AI trade dead after one week of declines?
- (29:03) US government takes 10% stake in Intel - good or bad?
- (36:20) College football stadium bucket lists
- (38:30) Podcast disclosures
Resources:
Follow Burney Wealth Management on LinkedIn
Follow Adam Newman on Linkedin
Follow Andy Pratt on LinkedIn
AI Episode
#Annuities #RetirementPlanning #RecessionFears #AIInvesting #MarketOutlook #WealthManagement
The Burney Company is an SEC-registered investment adviser. Burney Wealth Management is a division of the Burney Company. Registration with the SEC or any state securities authority does not imply that Burney Company or any of its principals or employees possesses a particular level of skill or training in the investment advisory business or any other business. This content is for informational and educational purposes only. It is not intended as personalized investment advice or a recommendation.
