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
Dave Ramsey Is WRONG About Fixed Indexed Annuities
Financial Guru Loses $400k to Ill-Advised Roth Conversion (Is Your Money Safe?)
Jeremy Schneider--All CPAs, CFPs and FInancial Advisors Hate IUL (My Response)
The Truth About Dave Ramsey's Investment Philosophy
How Roth IRAs and Life Insurance Can COMPLETELY SHIELD You and Your Heirs From a Doubling of Tax Rates
Why the Roth IRA Is NOT Enough (Graham Stephan Is Wrong!)
How to Implement the Power of Zero Retirement Strategy
The Case for Contributing 30% of Your Retirement Savings to an LIRP
Dave Ramsey Is Disastrously Wrong on Roth Conversions
Roth Conversions: Avoid This Bracket at All Costs!
Here's Why They're Going to Extend the Trump Tax Cuts Before 2024
Do ALL Financial Gurus Hate Cash Value Life Insurance?
Should you do a Roth 401(k) or a Traditional 401(k)? (The Answer May Surprise You!)
Ramit Sethi is WRONG About Annuities and Cash Value Life Insurance
Dave Ramsey Says Don’t Do an IUL Because of Its Surrender Charges (Is He Right?)
Now is the Best Time in History to Get to the 0% Tax Bracket
Does the IUL REALLY Work?
Dave Ramsey Is WRONG About the National Debt
Ernst & Young Study on Using Permanent Life Insurance for Retirement Income (Surprising Results!)
Max Loan Challenge: Whole Life vs IUL in a Fixed Account
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