They'll Tell You Anything to Make a Sale

On today’s episode Don and Tom guide a couple regarding questionable advice given to them by a financial advisor, they talk about annuities and whether they’re always a bad options for investing, and explain more about the difference between life insurance and whole life insurance.

  • Advice on true fiduciary advisors and what to do with creating income for retirement.

  • What annuity sales people do and what to watch out for.

  • SECURE Act: Whether it is possible to roll a traditional IRA into a solo 401(k).

  • The difference between life insurance and whole life insurance.

  • LIRPs otherwise known as Super Roth’s: They are not tax free!

  • They explain why bonds are a part of a portfolio: Stability, not income.

  • The trick to figuring out how much you need for retirement.

  • Why big brokerage house portfolios are not well diversified and how to change that.

  • NUA: Net Unrealized Appreciation and whether you truly can save on tax.

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No Security in the Secure Act