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Episode 3209:
Tania Brown breaks down four major warning signs that can signal an annuity might not be in your best interest, from high-pressure sales tactics to advisors downplaying the risks. This eye-opening piece empowers listeners to better protect their retirement money and make more informed decisions when navigating complex annuity options.
Read along with the original article(s) here: https://www.financialfinesse.com/2019/01/25/4-red-flags-to-watch-out-for-before-buying-an-annuity/
Quotes to ponder:
"Once you sign, no matter what you thought you were getting, you are pretty much stuck with the annuity."
"There is an inherent trust people have in anyone presenting himself or herself as a financial professional."
"No matter how good an investment is, there are always risks."
Episode references:
State Insurance Department Directory: https://content.naic.org/state-insurance-departments
Broker Check: https://brokercheck.finra.org
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Optimal Finance Daily - Financial Independence and Money Advice