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I Was Roasted By Dave Ramsey Fans Over Annuities | Setting the Record Straight!

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Caleb Guilliams and Daniel Rondberb ⁠respond to Dave Ramsey fans who were upset at them because of a RU-vid Short where Caleb and Daniel disagree with Dave Ramsey’s stance on annuities. In this video Caleb and Daniel set the record straight on the truth about annuities and responding to the comments.
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*This video is for entertainment purposes only and is not financial or legal advice.
Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

Опубликовано:

30 июн 2024

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Комментарии : 23

@DanielRondberg Месяц назад

Wow! I’m proud of this video! Thank you for giving me the opportunity to come back and respond to our short!

@BetterWealth Месяц назад

Love having you on the show!

@Scottgenad Месяц назад

Awesome video, pleasure meeting you Danny and Caleb , Class Act my friend. Much success to you both 🙏

@762foryou Месяц назад

You guys both didn't mention one of the most important and the main reason I like annuities, litigation protection. America is one the most lawsuit-happy nations on the planet. A bulldog attorney can peel away your LLC or Corporation in minutes. They can easily attach your real-estate. Your 401k and IRAs can be easily accessed by court order. Reachable Annuities and Life insurance? Good Luck.

@completelylucid7596 28 дней назад

An Erisa qualified retirement plan is protected against most creditors unless the owner is accused of federal criminal fines and penalties, divorce settlement cases, child support or alimony civil cases varying on the state. However it can’t be touched by most general creditors to collect so a little misleading on your part there. LLCS are good for 95% of civil litigation it’s literally the whole point of their inception lol educate yourself. Very funny by the way you left out irrevocable trusts when discussing this list fyi.

@AMILOSINGMONEY Месяц назад

great video and thanks for sharing. It was great meeting you and your team last week.

@BetterWealth Месяц назад

Thank you! It was a pleasure!

@janiceking3087 Месяц назад

At what age does moving funds into an annuity make the most sense (assuming average returement age)?

@Atlas_Max11 16 дней назад

Great video! Dave Ramsey fans usually fall in the "buy term, invest the difference" mindset. People that follow the mindset will not see the true value what an annuity can do.

@cwall216 Месяц назад

Thanks for sharing as always

@markrand652 23 дня назад

There's a big difference between budgeting/accumulation phase, it's a completely different lane for decumulation. He gets out of his lane it sounds, which is odd considering his profession, because he could easily educate himself.

@954fins Месяц назад

Daniel is the best! So informative

@BetterWealth Месяц назад

More content with Daniel to come!

@thedude5040 Месяц назад

Annuities do not guarantee anything if the dollar collapses or in extreme inflation events. For those reasons, an annuities has no value to me as those are the only events I need to cover.

@completelylucid7596 28 дней назад

Even with assuming that risk, there are a vast # of other financial products that can absolutely destroy the returns on annuities lol. Glad you brought this up because they literally serve zero purpose imo

@MiamiDre 27 дней назад

@@completelylucid7596 Not sure if you are aware but an annuity can guarantee income that spans beyond the accumulation rate. That's why it's probably the best product for income. Everything is not a ROI bucket approach income is extremely important. Also, pensions are Annuities technically nobody checks the ROI on a pension because it provided an exact amount of income despite mortality.

@thedude5040 27 дней назад

@@MiamiDre not everyone is so poor that they worry about monthly income. I'm one of those people at 32 years old I have more money at the end of every month than I need. Hell even my savings account produces more monthly interest than my maximum electric bill. For shits and giggles, I'm making an income fund just for the fun of seeing if in a few years I can make a portfolio that covers all my housing utilities.

@MiamiDre 27 дней назад

@@thedude5040 While I understand where you coming from for yourself this is not the case when people hit the age of 65 typically most people don't have enough money in retirement that it can stretch despite mortality. So an annuities isn't for a young person bro but it's definitely for a person who is on the horizon of retirement who wants to dodge RMD problems and Sequence of returns problems while still gaining enough to indefinitely pull income. So it might be case of understanding when you should be using it. They are not accumulation vehicles they are distribution vehicles. The other thing is they can have various uses like long term care legacy even if your health isn't good etc..

@thedude5040 27 дней назад

@MiamiDre I don't ever forsee needing an anunity. At retirement my net worth will easily exceed $10MM in today's currency. It's sad the current generation lived though the greatest wealth accumulation of human history and so many have so little because they grew up in a time of plenty. They never had to save or invest in their lives. I have had to tell older couples who were asking me for help that they needed to get rid of their dogs, sell their house, and move into a nice 1 bed room apartment with a single car garage in Kansas that is within walking distance of a super market grocery store, YMCA, and some medical clinics. I then printed out the apartment information and gave it to them. They naturally were stunned and in shock. I said you are lucky, others I recommend to a trailor house in rural Oklahoma panhandle. Then I said the disgust and anger you feel right now was caused by yourselves. Also you're life savings of $15,000 is too small to invest to produce any income. So yes I have seen real world retirees panic. I'm not a professional, just your everyday millionaire that is able to find real solutions for people.