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
Will America Be a Super Power in 2040, My Review of David Walker's New Book (Part 1)
The ABCs of POZ
My Thoughts on the Securing a Strong Retirement Act of 2020
My Post-Mortem on the Presidential Election
Tax-Free Income for Life Preview, Part 3 – The Secret to Mitigating Tax-Rate Risk and Longevity Risk within the Very Same Financial Plan
Tax-Free Income for Life Preview, Part 2 – How the Traditional Approach to Lifetime Income Annuities Could Spell Disaster for Your Retirement
Tax-Free Income for Life Preview, Part 1 – The Surprising Benefits of Guaranteed Lifetime Income
The Real Tax Implications of Biden's 401(k) Proposal
The Post-Mortem on Trump's First Term
What is The Elite POZ Advisor Group?
5 Tax Changes You Can Expect If Donald Trump Is Re-Elected
Why Most People Are Doing HSAs All Wrong
The Grand Unified Theory on a Happy Retirement, Part 2 – Principles 6-12
The Grand Unified Theory on a Happy Retirement, Part 1 – Principles 1-6
Is Joe Biden Coming for Your 401(k)?
Five Things Your LIRP Must Have
How to Avoid Over-Converting Your IRA
Can We Print Our Way Out of Our Problems?
If You've Won the Game, Should You Quit Playing?
How a Piecemeal Internal Roth Conversion (PIRC) Could Save Your Retirement
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast