4.2 • 680 Ratings
🗓️ 28 May 2020
⏱️ 10 minutes
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0:27.7 | slash setup reality radio for a really great future. |
0:38.0 | We're talking real money. |
0:40.6 | Hi, this is Tom Cock. |
0:42.4 | One thing I can guarantee, that's guarantee with a G, out of this coronavirus pandemic, is you will have seen a dramatic increase in the sale of annuities. Because we know |
0:59.4 | nothing else about human behavior. It is when our future is threatened the way it clearly is |
1:05.3 | and has been, especially financially very recently, we've got to take action. We've talked to us a lot of you that have |
1:13.1 | moved money out of stocks and even bonds. We talked to a lot of you that just said, I don't |
1:18.7 | have anything to do with stocks again after what happened in March. And so annuities have this |
1:26.7 | weird pull on all of us, except that those of us who are 100% |
1:32.3 | fiduciaries can't sell you an annuity. |
1:34.8 | You really can't. |
1:35.9 | It's a conflict of interest. |
1:37.6 | And if you've got one who is, they're really, they're not living up to the standard, clearly. |
1:43.3 | But recent industry publication, person by the name of |
1:48.1 | Michelle Richter, who I do not know, the headline, making the fiduciary case for annuities. |
1:54.2 | And her argument is, well, if we make them commission free, maybe they would help. Maybe we could have fiduciaries offering |
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