9%? Not a Chance
This episode brings the heat on so-called “financial educators” masquerading as fiduciaries while hawking high-commission indexed annuities. Don and Tom dissect the misleading promises of 9% guaranteed returns, break down real disclosure numbers, and expose the enormous commissions driving these “recommendations.” Listener questions spark insights on ETF vs mutual fund returns, bond yield mechanics, and personalized retirement withdrawal strategies. Oh, and say goodbye to the penny—it’s headed for extinction.
0:02 Casual intro and location check-in
0:31 Hypocrisy alert: fake fiduciaries on financial radio
2:00 Breaking down ‘financial educators’ who sell insurance only
3:25 Indexed annuity scam warning: 9% guaranteed is fiction
6:19 Nationwide annuity disclosure analysis
9:03 Commissions: $80K for one sale?!
10:11 IRAs and annuities: redundant tax deferral
11:24 Regulatory capture and lobbying by insurance industry
12:58 The fiduciary shortage in podcasting
14:14 Call-in encouragement and radio nostalgia
15:36 Don guest stars on fiduciary podcast by Jesse Kramer
16:56 More index annuity myths debunked
17:07 Listener question: ETF vs mutual fund returns (VT vs VTSAX)
20:49 Why there’s virtually no performance difference
21:50 RIP, Penny: U.S. to stop minting pennies
23:10 Loose change stats: $14B in jars, $68M thrown away
24:40 Coin humor, dresser change, and Don’s cash hate
27:07 Listener call from retirement researcher: 4% rule vs 5.5%
29:34 Explaining bond prices vs yields like a teeter-totter
33:01 Bond laddering psychology vs ETF simplicity
36:06 Call from Colorado: portfolio researcher shares insight
38:24 Upcoming federal employee retirement planning webinars