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
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Catch 22: Inflation or Recession?
The Dave Ramsey Buy Term and Invest the Difference Fallacy
Could Inflation Lead to Higher Taxes?
The Biggest Objection to a Tax-Free Retirement
The Truth About Municipal Bonds
The Tax Freight Train Bearing Down on Your Retirement Plan
The Truth About Dave Ramsey
What is the Obamacare Surtax (And Should You Worry About It)?
When Should You Draw Social Security in a Rising Tax Rate Environment?
Should High Income Earners Do Roth Conversions?
A Huge Surprise in the Secure Act 2.0
When is the True Fiscal Day of Reckoning for Our Country?
The LIRP vs Stock Market Investing
Effective Tax Rate vs Marginal Tax Rate in POZ Planning Decisions
How to Avoid Sequence of Return Risk in Your LIRP
Two Ways to Use the LIRP to Get to Tax-Free
Can Mitt Romney Save America?
How to Best Position the LIRP in Your POZ Strategy
The POZ Moves You Should Be Making Right Now
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