Annuities Are Sold...

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2 • 680 Ratings

🗓️ 19 October 2023

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Because they are so popular with financial salespeople, we need to talk about the confusing world of annuities. What are they and what are those who sell them failing to disclose? Discover the realities of these very complex (and lightly regulated) insurance investment products. Plus, we get annoyed with some if Suze Orman's simplistic and hyperbolic advice. Listeners ask: Which investments should be in taxable versus tax-advantaged accounts? Why do we like AVGE when it's an "active" fund? Why doesn't Tom buy his new car through Costco? How should one go about saving extra money for an early retirement? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Exclusively on Disney Plus.
0:02.0	It's hard and it's brutal and that's what makes it special.
0:06.0	The multi-award winning series, FX's The Bear, is back for a brand new season.
0:11.0	Upon my signal, unleash hell.
0:15.0	And every second counts.
0:17.0	When that shows zero, this restaurant ceases operations.
0:21.8	FX is the bear.
0:23.1	New season now streaming exclusively on Disney Plus.
0:27.0	18 plus subscription required season C's apply.
0:34.7	Reality radio for a really great future.
0:37.9	We're talking real money.
0:40.4	Because what we talk about is really truly important.
0:44.6	This is so, so, so, so, so critical to your future.
0:47.2	That's why we insist on really trying to clear up the garbage, the confusion that is dealing with money.
0:56.1	855-935 Talk is our phone number.
0:58.5	855-935-8255.
1:01.0	And we have talked over and over and over and over and over again about how you need to
1:05.4	understand who you're dealing with in this industry, what you're paying people in this industry, no matter
1:13.4	what they say, what you're getting into, and what the reality is of these investments.
1:20.6	And we almost have to use that term incredibly loosely because some of them, you know,
1:26.1	they can call them investments, but they're not great for you.
1:29.5	They're not, they're great for the person selling them to, probably for the company that's
	...

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