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Clark Howard Says Fixed Indexed Annuities Stink! (My Response)

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Manage episode 409038440 series 2488671
Content provided by David McKnight. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David McKnight or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

David addresses Clark Howard’s viewpoint that seems to want to invite people to never consider a fixed index annuity.

Despite interacting with thousands of financial advisors who offer fixed index annuities every year, David has never heard one of them describe them the same way as Clark Howard.

Since financial gurus have to get their points across in short three-minute segments, they don’t have the luxury of nuance, says David.

David explains how fixed index annuities actually work, and why you can’t lose money in a fixed index annuity in its simplest form.

David touches upon the role of surrender charges and how Howard is wrong about them.

In traditional stock market investing, you’re not supposed to withdraw more than 4% per year.

Mentioned in this episode:

David's books: Power of Zero, Look Before You LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code

DavidMcKnight.com

DavidMcKnightBooks.com

PowerOfZero.com (free 3-part video series)

@mcknightandco on Twitter

@davidcmcknight on Instagram

David McKnight on YouTube

Get David's Tax-free Tool Kit at taxfreetoolkit.com

Clark Howard

  continue reading

286 episodes

Artwork
iconShare
 
Manage episode 409038440 series 2488671
Content provided by David McKnight. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David McKnight or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

David addresses Clark Howard’s viewpoint that seems to want to invite people to never consider a fixed index annuity.

Despite interacting with thousands of financial advisors who offer fixed index annuities every year, David has never heard one of them describe them the same way as Clark Howard.

Since financial gurus have to get their points across in short three-minute segments, they don’t have the luxury of nuance, says David.

David explains how fixed index annuities actually work, and why you can’t lose money in a fixed index annuity in its simplest form.

David touches upon the role of surrender charges and how Howard is wrong about them.

In traditional stock market investing, you’re not supposed to withdraw more than 4% per year.

Mentioned in this episode:

David's books: Power of Zero, Look Before You LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code

DavidMcKnight.com

DavidMcKnightBooks.com

PowerOfZero.com (free 3-part video series)

@mcknightandco on Twitter

@davidcmcknight on Instagram

David McKnight on YouTube

Get David's Tax-free Tool Kit at taxfreetoolkit.com

Clark Howard

  continue reading

286 episodes

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