Money Guy Show Can This Annuity DESTROY Your Retirement?
Oct 4, 2023
The podcast explores the risks of equity index annuities, discussing marketing tactics and cautioning against emotional financial decisions. It also addresses the downsides of annuities, such as surrender periods and teaser rates. The hosts discuss the purpose and misconceptions of annuities, as well as potential use in creating a safe income stream. They also touch on guaranteed rates on certain contracts and the ineffectiveness of using a car to pay off debt.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 2min
Exploring Equity Index Annuities and the Potential Pitfalls
02:12 • 3min
The Downsides of Annuities: Surrender Periods and Teaser Rates
05:18 • 13min
Exploring the Use and Misconceptions of Annuities
18:10 • 5min
Rates on Certain Contracts and Using Cars to Pay Off Debt
22:57 • 7min