Your guides to a really great financial future. Tom and Don are talking real money.

It's a fact. We hate the way annuities are sold to you. We may hate most annuities, but what we really despise is the

way they're sold, the way they're pitched, the things that you think annuities can magically do for you

that they really can't do, but they help facilitate the sale which gets a commission into the hands

of the people who sell them.

And so today, we want to go back to the land of annuities because they are being sold in such

mammoth numbers now that the baby boomers are old. We're buying tons of these things because

they appear to give us things that you really can't have, but you want so badly.

You're willing to believe.

You're willing to suspend disbelief and believe a salesman.

Welcome to Talking Real Money, the podcast, the most important money podcast on the podcast

circuit these days, I think, because I've listened to a lot of them.

I mean, there are others that are good, but we're the most important of all of them because the others tell you,

like, buy real estate or stuff. We don't. We don't do that. We tell you how it's supposed to work,

how it works based on science, and how the folks who sell you things will mislead you. I'm Don

McDonald. Tom Cock is over there. And Tom,

how are annuities being both missold and misperceived? Yeah, this is a fascinating topic that comes

up almost every day here. And by the way, you brought up the number, $460 billion worth of annuity sold last year because we're at the peak 65.

In other words, more people are turning 65 now than that.

Half a trillion bucks?

Half a trillion dollars.

That's like almost as much money as Elon Musk has.

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