When the financial markets scare you, annuities may seem like a protective wall. They offer you a stable source of income no matter how the stock market performs.
But here’s the thing…
Financial advisors earn higher commissions selling annuities than anything else. This is one of the reasons we hear about them on the radio so often.
Moreover, they’re complex investment instruments, so you can find yourself in a trap with hidden fees and lower returns than promised.
The People who want to sell annuities to you, won’t explain even the basics, since it’s not in their interest.
In today’s episode, you’ll discover the three types of annuities, how you can avoid greedy annuity sellers, and the type of annuity that may ensure a smooth transition in the last years before you retire.
Show highlights include:
- How to watch out for money grubbing financial advisors that don’t look out for your best interest ([2:57])
- The insidious way variable annuities can cripple you with fees (even if they beat the stock market) ([3:55])
- How equity indexed annuity sellers withhold crucial information that can wipe out up to 40% of your returns ([6:37])
- The best strategy to protect yourself from volatile stocks with fixed annuities in today’s market ([9:12])
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