Why Annuities Usually Don't Make Sense and Market Reality Check

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Long Story Short

Burney Wealth Management

21 episodes

1 week ago

Long Story Short is a weekly financial planning and investing podcast from Burney Wealth Management. Each week, your hosts Andy Pratt, CFA, CAIA and Adam Newman, CFA, CFP®, discuss the biggest questions they’re hearing from clients. They’ll occasionally bring in team members and interesting guests to discuss specialized topics like estate planning, business succession, and retirement income strategies. Founded in 1974, The Burney Company is a fee-only investment advisory firm that manages $3 billion in assets. Learn more about comprehensive financial planning at burneywealth.com.

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Why Annuities Usually Don't Make Sense and Market Reality Check

Long Story Short

39 minutes 46 seconds

2 months ago

Why Annuities Usually Don't Make Sense and Market Reality Check

College football season is starting, but Adam and Andy are more excited to tackle annuities (sort of). They explain why these "guaranteed income" products usually don't make sense, from hidden costs to lost flexibility to expensive fees.

Plus, they address recession fears while markets sit at all-time highs, discuss whether the AI trade is really dead, and debate the government's controversial stake in Intel.

We cover:

Why annuities are complex, confusing, and expensive
The hidden opportunity cost of "guaranteed" income
When annuities might actually make sense (spoiler: rarely)
Why recession predictions keep missing the mark
The stock market as collective wisdom of millions of investors
Whether the AI trade is really losing steam
US government taking a 10% stake in Intel - socialism or smart policy?

⏱️ Timestamps:

(00:34) College football season and annuities vs. madness
(02:21) What annuities actually are and the guaranteed income pitch
(06:28) The flexibility problem with handing over your money
(08:08) Hidden opportunity costs that annuity salespeople won't mention
(12:52) Variable annuities and the "no free lunch" principle
(14:40) When annuities might actually make sense
(15:50) Recession fears and why betting against the US keeps failing
(18:06) What the stock market really represents
(24:00) Is the AI trade dead after one week of declines?
(29:03) US government takes 10% stake in Intel - good or bad?
(36:20) College football stadium bucket lists
(38:30) Podcast disclosures

Resources:

Follow Burney Wealth Management on LinkedIn

Follow Adam Newman on Linkedin

Follow Andy Pratt on LinkedIn

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#Annuities #RetirementPlanning #RecessionFears #AIInvesting #MarketOutlook #WealthManagement

The Burney Company is an SEC-registered investment adviser. Burney Wealth Management is a division of the Burney Company. Registration with the SEC or any state securities authority does not imply that Burney Company or any of its principals or employees possesses a particular level of skill or training in the investment advisory business or any other business. This content is for informational and educational purposes only. It is not intended as personalized investment advice or a recommendation.