Skip to site content
The Show

The Harsh Truth About Annuities

Fear is a great sales tool. With every swing of the market, that fear grows, and your need to be educated on financial terms and strategies increases along with it. Before you get pitched on an annuity to calm your financial fears, use this episode to educate yourself!

Not every annuity or financial salesman is bad, but we’ve seen too many consumers be taken advantage of with this financial tool. This episode explains everything you need to know about annuities: what they are, how they work, and how to tell if you’re getting ripped off.

In this episode, you’ll learn:

  • The two types of annuities and how they differ
  • The difference between variable and fixed annuity fees
  • The downside of annuities (What they’re not telling you on the glossy brochure!)
  • How to tell if you’re making a bad investment

Research and resources from this episode:

Enjoy the Show?

Where You Can Watch and Listen:

Subscribe on these platforms or wherever you listen to podcasts for new episodes every Friday, live streams every Tuesday at 10am CT, and new highlight clips throughout the week.

Related Content

Free Resources

Financial Order of Operations®: Maximize Your Army of Dollar Bills!

Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and…

View Resource

Wealth Multiplier By Age

How much to save every month to become a millionaire.

View Resource

How Much Should You Save?

How much of your income can you replace in retirement? You can replace different portions of your income in retirement…

View Resource

Articles

Is a High Yield Savings Account Still the Best Place to Keep an Emergency Fund?

, ,

Read More

Are We Financial Misers for Investing 60% of Income in Your Mid-20s?

, ,

Read More

How Everyday 30-Year-Olds Can Stay on the Path to Becoming Millionaires!

, ,

Read More

Financial FAQs

Courses & Tools

How about more sense and more money?

Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.

https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-book.png

Millionaire Mission (Brian’s Book)

Buy Now
https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-math.png

Know Your Number Course

Buy Now
https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-pencil.png

The Money Guy Net Worth Tool

Buy Now

Recent Episodes

It's like finding some change in the couch cushions.

Watch or listen every week to learn and apply financial strategies to grow your wealth and live your best life.

REACT WorstHousingAdvice B

Financial Advisors React to the Worst Housing Advice on TikTok

Watch Now
401k Sucks

What Should I Do If My 401(k) Sucks?

Watch Now
Financial Planning

Financial Planning 101 (By Age) – The Complete Guide to Financial Success

Watch Now