Josh Scandlen Podcast

In part 2 of my video series on Index Annuities, we tackle the guaranteed income options a specific annuity provides. I'll just cut to the chase, this doesn't impress me. In the least. Why? Because in this case, while they offer a  7.2% annual increase in the income base for the first 10 yeas,  your income does not adjust with inflation after that! What pays $10,800 in year 10 will pay $10,800 in year 30 PLUS you have no money left over to leave to your heirs. You have got to understand the difference between the Account Value,  what us professionals call your "walk-away money", and your income benefit account. They are TWO completely different things. And I don't believe many investors are aware of the significant difference between them. Your income base is solely the amount you can draw on each year for the rest of your life.  You can NOT get a lump sum from this amount.  Your "walk-away money" is the amount the insurance company will cut a check to you for.  To deter