Your CPA is not your Financial Advisor: Shootin' It Straight with Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:

• Why do they sell you indexed annuities?
• Letting CPAs stay in their lane
• Listening to the right people
• No good reason to sell

Key Takeaways:

• Your CPA should not be involved in financial advice. There is a reason why they often sell indexed annuities, and that’s because they’ll get the highest commission from that type of annuity.
• CPAs are analytical and good with numbers, but they don’t read the policies, don’t understand the annuity product that they’re selling to you, and are not equipped to give you a product that gives contractual guarantees fitting all your needs.
• There’s not a one-size-fits-all product when it comes to annuities. Sometimes you don’t even need an annuity or don’t need it yet. If the person selling to you isn’t a licensed professional, then you shouldn’t be listening to them.
• There is no good reason why a CPA would sell you an annuity product that they don’t completely understand. There’s only one, and that’s greed - they’re not thinking about you, they’re thinking about taking your money.

"Never ever take any tax advice from anyone other than a CPA and a tax lawyer - but the reverse is true, don’t buy an annuity from a tax lawyer or a CPA. Tell them to stay in their lane." — Stan the Annuity Man.

Connect with The Annuity Man:

Website: http://theannuityman.com/

Email: [e-mail]

Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work

YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g

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