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
Why Your LIRP MUST Have Interest in Arrears and Daily Sweeps
Can Long-Term Capital Gains Push You Into a Higher Tax Bracket for Roth Conversions?
Why Your LIRP MUST Have a Guaranteed 0% Loan Provision
Is Joe Manchin Coming Back to the Table on Build Back Better?
My Interview with Rebecca Walser, Author of Wealth Unbroken, Part 2
My Interview with Rebecca Walser, Author of Wealth Unbroken, Part 1
Joe Manchin Kills the BBB; What this Means for POZ Strategy
Why the National Debt Has Hamstrung the Fed and Legislative Update
Interview with Doug Orchard, Director of The Baby Boomer Dilemma
Is Inflation Here to Stay?
What I Would Do If I Were President
My Upcoming Book, Legislative Update and Thoughts on Hyperinflation
Updated Tax Thresholds for 2022 AND Is the Biden Tax Plan Really Cost Neutral?
How to Access Your 401(k) Prior to 59 1/2 without Penalty
Can a Billionaire's Tax Save Joe Biden's Signature Legislation
The Importance of Multiple Streams of Tax-Free Income
Is Biden's Tax Plan Going Up in Smoke?
The Bi-Partisan Debt Extravaganza
The POZ Worldview: David McKnight versus Dr. Larry Kotlikoff
7 Takeaways from the Recent House Tax Bill
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