Josh Scandlen Podcast

Annuities:  Love 'em or hate 'em, I am not going to debate that here.  But one thing I am going to rail against is having them in Non-IRA accounts.  "Oh no!  What's this guy saying???"  I can hear my fellow financial planners utter in pure disbelief.   "Doesn't he know you don't get double tax deferral by having annuities in an IRA???" My answer to this is simple.  What happens when you want to move an annuity that is NOT in an IRA to another account? THINK about this, folks!  You have an annuity that is NOT in an IRA and decide you want to move it someplace else.   What are your options? Well, let me share with you an example I've seen a million times if I've seen it once. Guy puts $100k into a Variable Annuity in 2003.  Now, it's 2018 and he looks at his year end statement and sees the annuity has grown to $180k.  Yet, his other account in which he invested $100k into a plain vanilla mutual fund has grown to $375k over the same time, and this is