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Dale is in Memphis.

Hey, Dale, what's up?

This is great to talk to you.

I'm really excited.

I have an issue to decide whether to pull out of the

market and put everything in annuities. Oh, no. Who would tell you to do that? Well, I've got two

brokers. They're kind of dueling a little bit. My IRA is, I don't know if you want to give the

name of that, one company, and I've got a money market account with the second company,

and I was commenting to my broker-jured at the sector company

that I need to start taking some money out,

and so he got on the ball.

He wants my business, basically.

So he's come up with a plan to take everything out of company A

and put it into annuities in a four-step

plan, had one that matures in one year, summit two, and summit three, and summit four.

The second guy is not a financial advisor. He works for an insurance company.

He's going to be making a lot of commissions off you, Dale.

That's what I don't like ann ann, eh, eh, eh, I don't like the town, doesn't I? No, no, no, second guy's fired. Okay. That's easy. Processed by elimination. No, I mean, he's an insurance guy. He's not, he's not an investment broker. Okay. The reason he wants to put you in annuities is he can't sell mutual funds. He's not licensed to. Ah, I was not aware of that. Yeah, that's, that's how I know why he's pushing annuities. Very few people push annuities in the financial planning world unless they're insurance people. Even, even variable annuities. Variable annuities are not horrible, but that's not where you should be first and foremost. There's a very little flexibility there. How old are you?

70. And how much money is this? Okay. In my IRA, I've got 630,000. Money markets,

$146,000. Yeah. I could give the complete breakdown, but I don't know. No, you don't need to be in annuities unless you're just scared to death or something, and you don't strike me as that. You're just trying to figure out how all this works is what strikes me. So let's go back to your first guy and talk to them. If you want another opinion, you could go to ramsaysolutions.com and click on SmartVestor. Talk to one of our SmartVestor pros in the area, and they will teach you why I'm yelling no annuities. Annuities are not evil. They're not bad. The variable annuity is a mutual fund inside of an annuity. It has some advantages, but it has a lot of flexibility issues. You can't get to the money. It's very difficult to get to it inside of seven years, and you're 70 years old. And so if you're wanting to access the money, he's wanting to move some of it into a one year. Some of it, you don't need to do all that. If you just put it in mutual funds, you can just get to it whenever you want to. I'm 64. I've got total access to everything. Now, you're past 59 and a half. That's what I'm saying. Any of it I want, I can just get it. Tap into that Roth. Yep. And I can do whatever I want to do. I don't touch any of. I don't need any of it. But, I mean, if I've got complete flexibility. If I want to cash a bunch of it out and go buy a big piece of real estate, which could happen. I might do that because I'm a real estate guy. But anyway, but no, I'm not going to, I don't have it tied up in annuities. There's just very few times I'm going to put somebody into an annuity. The variable annuities have some good elements to them.

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