My mother NEVER comes to me for advice and she got scammed into one of these stupid annuity things. So frustrating…

I like a fixed annuity don't care what Dave says guaranteed rates and you can take out a certain amount of money each year you don't have to wait 7 years like he says

Create your own annuity by laddering CDs or Tbills. It’s easy and much more effective

Social security is an annuity , wtf is this guy talking about ..the MYGAs I’ve seen have 6.3 and 5.3% and some FIAs give 10-20% upfront ! Buddy is uninformed who tf is doing FAs with 2% you tell a retiree to put all their money in the market and when it crashes and they lose and die before it recovers who really the screw ball??

My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit

VA can do pretty good. Fees are like 1.25 percent

Where the F*@K is Dave finding 10% returns in 2020? Honestly it's pretty great that these videos live on the internet forever, because this video aged like milk. Most people got trashed by the market from 2020-2023.

? what??? Do people really take advice from this guy? It’s so scary that people are listening to this guy.

I sure would like to find those Mutual Funds that pay 10-12% a year consistently.

Annuities are junk. Just wire 2k into your bank account every month

An Annuity is a good place for her “safe” money.
“Take your penalty and put it in something that earns you 10%”, says Dave. WHAT can guarantee her 10%?

This advice is not relevant at all right now. There are plenty of situations in which someone should invest in a fixed rate annuity with current rates, especially high net worth individuals.

ANNUITY IS IMPORTANT BUT HAVING EXCESS MONEY IS MORE IMPORTANT. Big ups to everyone working effortlessly trying to earn a living while building wealth. I'm 40 and my wife 34. We are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle made it possible for us this early even till now we earn monthly through passive income.

Question..what if a person has a fixed annuities for life by transamerica. Does the Annuitor own the policy? Or does transamerica corporation own the annuity policy? O thought annuit is same as owner

Nothing wrong with a surrender charge if the money is not supposed to be touched for 10+ years.

Completely misguiding people just to make money. Smdh

I need to call my banker and see how I can get out of my annuity.

annuitys are a rip off and they hold your money for 10 years making the money you should have made

Annuities can help smooth out the returns of a retirement income portfolio. A potential strategy that can be supported by mathematics, Monte Carlo, and historical rate of returns is to replace 50% of the fixed income portion of your portfolio with an annuity. So a 60/40 would become a 60/20/20. Annuities are a non-correlated asset and can help mitigate longevity risk as well as sequence of returns risk. Annuities can also you be used as a bridge to social security. Depending on the funds used and other factors (of course) you could utilize "bracket-bumping" and convert IRA to Roth just to the point where you don't touch the next bracket. Dave would rather sell mutual funds and charge annual fees, sell leads to advisors that are "strongly encouraged" to sell the product mix outlined by the Ramsey platform. My Annuity Store would like to extend an open invite to Dave as we'd love to have a conversation around fixed income, annuities and the strategies he'd suggest today.

I mean the financial advisor gave her what she wanted