SCAM or SMART? | Fixed Index Annuities MUST-KNOW Pros & Cons

Have you heard to "STAY AWAY from Fixed-Indexed Annuities?!" Especially, since they are too complicated and have too many fees?

In today's video, we’re laying it all on the table. NO sugarcoating it. First, we will discuss the 5 HUGE DISADVANTAGES before discussing the advantages.

Most annuity salespeople like to focus mainly on the advantages, but BARELY touch on the disadvantages.

Stay tuned at the end of the video because we will also discuss how to compare ALL types of annuities AND their income riders.

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🎦 Related Videos

How to Compare All Fixed Indexed Annuities & Income Riders

Hybrid Pension Playlist

All Annuities Playlist

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📖 CHAPTERS
00:00 Stay Away from FIA?
00:48 HOW DOES AN FIA WORK?
03:10 No. 1 Disadvantage & Advantage (Limitation)
04:15 No. 2 Disadvantage & Advantage (F&S)
05:02 What's a Spread?
8:57 No. 3 Disadvantage & Advantage (LIO)
10:40 Recession Proof Triangle
12:33 No.4 Disadvantage & Advantage (TVM)
13:25 TRUE (TVM)
20:07 No.5 Biggest Disadvantage & Advantage

#annuity #hybridpension #guaranteedincome #lifetimeincome #kciis

[kciis]

Did this video clarify the disadvantages with Fixed Indexed Annuities?

[kaizenretirement]

You two provide some of the clearest information out there. Great job. I have a lifetime annuity through NY Life that I started in 2023, and I couldn't be happier. I got it through Fidelity so I knew it was reputable. So far it has provided me with peace of mind along with my Social Security. I know annuities are not for everyone and they get a bad rap, but my retirement is "recession-proof" and I think it is the way to go.

[russmc]

Very informative and easy talk through. NOTE: @23:18 ADVISOR is misspelled ADIVSOR. Thank you.

[CryptoNupePhD]

Outstanding information. I will be calling for your assistance. This is a complicated subject so it’s expected to be lengthy. It takes hours upon hours to create videos at this high level. You guys need a commercial in each state! Thank a million for doing what you’re doing!

[JagLite]

Excellent information clearly presented, thanks!.

[ShawnFaessler]

Very insightful. The “Gimmicks & Sales People” was spot on. It exactly described an alleged “comprehensive financial advisor” that didn’t say “Fixed Indexed Annuities”, but I saw the sales pitch coming a mile away.

[ShawnFaessler]

I appreciate your transparency. Oh, and choosing a video of Edith to show chopsticks had me in stitches! 😂

[Wayneman]

My wife and i both have a Fia through Oceanview. We chose to index the s&p 500 but can change it yearly. It was designed to protect part of our portfolio from market downturns. It is a 7yr product with a cap. Will never lose money. No fee's. And it does not count on the overall assets under management fee my advisor charges. It's a protection product which was what we wanted. It does have some penalties for early withdrawl, but you can also w/d 10% a year without penalty. Not all annuities are bad, just depends what you want it to do in your overall portfolio.

[pebelleeb]

i love seeing Gracie and how much you love her!

[anthonyzarcone]

Great videos what about global Atlantic?

[alphadogpack]

Thanks for all your videos! Your explanation of FIAs (this vid as well as your others) has helped a lot. For my specific situation, I'm convinced that I'll just continue option trading from my retirement accounts. By no means is this advisable for everyone, as it comes with greater risk and requires a certain mindset. For many, third party managed trading will work best. You have given great information for both sides, IMHO.
I'm looking forward to your next presentation about all the whopping 2024 Medicare increases.

[MariaN-rfvx]

Thank you it seems like you are looking out for us common folks

[noemilouharrison]

I love how you compare the spoon and the knife. well explained

[sasquatchlife]

Appreciate the video. I’m a licensed fiduciary FA, and I sell FIAs on the regular. But I ALWAYS make sure and let my clients know about the downsides with them. But many times having a smaller % of someone’s overall retirement savings tied to an FIA can be a very advantageous strategy.

The main problem with FIAs are greedy agents or advisors selling only the advantages and rarely discussing the negatives. I hate when I hear ppl tout FIAs as “No market risk, and unlimited upside potential!” Makes me want to throw up because FIAs historically earn a modest 4 to 7% a year on average. So let’s not act like they’re going to generate huge credits on the regular bc they won’t. But they’re also not supposed to. If you want that, invest in the market and bear the risk.

[Jbedard]

Loved the presentation and your approach. Will be calling to see how we can place 25% - 30% of our retirement assets into a Fixed Indexed Annuity. I'm concerned about the financial strength of some insurers. Our investment agent works with a select few (commission is certainly a reason I'm sure). I'm interested in someone like a John Hancock, Mass Mutual, or other suggestions you may have - thanks so much !!!

[syvalleygirl]

Wow! Great video! I have an investment advisor recommending a FIA, and this video is very enlightening! Thank you!

[planttable]

The general rule is that if you can not understand a financial product inside and out, stay away from it. It is that easy.

[erikaberrio]

We just put 52k in a fixed annuity based on financial advisor at bank recommended. They said depending on the market we don’t touch for 5 years - could earn 6-10% … Athene is the name of the business. I hope we are ok. Bank Advisor said risk was low.

[Jamman]

My wife and are just learning about FIA. Thanks for this. Did I miss the 5 pros?

[tobywall]

Very informative video (thank you)! My advisor is recommending I move funds from a previous annuity (F&G Accumulator Plus 10 with Barclays Sector 5) to the Silac Denali 14 FIA as a better option. The F&G returned 0% over the past 2 years and I'm obviously not happy with a 0% return. Can I get your thoughts on the Silac Denali 14 FIA? I've read the company has recently been downgraded to a B+ rating by AM Best..