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Description

In this episode, The Annuity Man and Chuck Jaffe discuss: 

• Some good examples of bad investments
• Issues with cryptocurrency
• Understanding indexed annuities 
• Interest rates and inflation 

Key Takeaways: 

• Some investments are unjustifiable and unnecessary. 
• Cryptocurrency isn’t that different from gift checks, except you can actually spend gift checks. Only a handful of stores accept bitcoin payment. 
• The problem with indexed annuities is that it’s so difficult to explain. 
• A lot of things go into calculating inflation in your own context, like taking into account your spending habits and where you are in life. 

"Inflation is a very much personalized thing… you could say that inflation is not bad, but a lot of houses are having trouble with inflation because of their spending patterns and where they are at in life." —  Chuck Jaffe

Connect with Chuck Jaffe:

Website: http://moneylifeshow.com/

Podcast: https://moneylifeshow.libsyn.com/ 

Twitter: https://twitter.com/ChuckJaffe 

Connect with The Annuity Man: 

Website: http://theannuityman.com/ 

Email: Stan@TheAnnuityMan.com 

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

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

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