Clark Howard Says Fixed Indexed Annuities Stink! (My Response)

David addresses Clark Howard's viewpoint that seems to want to invite people to never consider a fixed index annuity.  Despite interacting with thousands of financial advisors who offer fixed index annuities every year, David has never heard one of them describe them the same way as Clark Howard. Since financial gurus have to get their points across in short three-minute segments, they don't have the luxury of nuance, says David. David explains how fixed index annuities actually work, and why you can't lose money in a fixed index annuity in its simplest form. David touches upon the role of surrender charges and how Howard is wrong about them. In traditional stock market investing, you're not supposed to withdraw more than 4% per year.     Mentioned in this episode: David's books: Power of Zero, Look Before You LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code DavidMcKnight.com DavidMcKnightBooks.com PowerOfZero.com (free 3-part video series) @mcknightandco on Twitter  @davidcmcknight on Instagram David McKnight on YouTube Get David's Tax-free Tool Kit at taxfreetoolkit.com Clark Howard