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The Perceived Value Of Variable Annuities

June 13, 2019

The Principle:

In honor of Suze Orman celebrating her birthday, Brian talks about some of her opinions regarding variable annuities.

(Click the featured times below to jump forward in the episode)

Honest Takes:

[0:15] How long should your money last?

  • Successful financial guru, Suze Orman, has always been a big proponent of financial planning. 
  • She says you could get hit by a car or have a random injury – and she’s right.
  • You should plan until you’re 90 or 100, you just don’t know what will happen.

[3:28] Variable annuities

  • Suze Orman was a financial advisor in the past, and she also did a video explaining variable annuities.
  • Brian shares a client example of someone who was stuck with a variable annuity.
  • If anybody is trying to sell you a variable annuity, you need to find another advisor (even if they are nice).
  • There are a lot of things you can invest in, whereas the variable annuities have five SEC cautions.
  • Find out the fees of your current investments.
  • Dave Ramsey has also blasted variable annuities.

Today’s Truth:


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The Host:

Brian Bowen – Contact