Managing Your Financial Future with Lucia Capital Group
Managing Your Financial Future with Johnny Dean and "Professor" Rick Plum, CFP® Brought to you by the advisors and investment professionals at Lucia Capital Group, a registered investment advisor. Integrating financial planning and investing decisions, designed to help you reach your own financial goals. Want the best tips on which hot stocks you should buy this week? Go somewhere else - we don't do that. It's all about planning, strategy, managing your future and taking control of your financial life. Securities offered through LPL Financial, member FINRA/SIPC.
Managing Your Financial Future with Lucia Capital Group
The 2 Most Misrepresented Financial Products We've Seen
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Annuities and whole life insurance tend to create strong opinions. Some people treat them like miracle products, while others dismiss them completely. The truth, though, is more practical. They are financial tools, and like any tool, they only make sense when they are used for the right job.
So how do you know when one of these products might actually help you as opposed to just getting a sales pitch? What should you watch for with annuity rates, surrender charges, fees, and income guarantees? And when it comes to whole life insurance or “bank on yourself” strategies, who might benefit, who probably should not, and what costs are often left out of the conversation?
It's time to clear the air about these two widely-used – and often misrepresented – financial instruments. Learn more from podcast host Johnny Dean and Rick “The Professor” Plum, CFP® on this week’s episode of Managing Your Financial Future!