Annuity Straight Talk

Ten Reasons People Don't Buy Annuities

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Bryan Anderson, founder of Annuity Straight Talk, speaks with Ashok Ramji, a financial consultant with TOP Planning LLC, an independent asset protection and retirement income planning firm serving retirees and pre-retirees alike. Based in Kirkland, he works with clients throughout Washington state.  Ashok was previously a host on a local radio network with a show that aired weekly on Seattle AM radio in 2019.  

Listen in as Bryan and Ashok discuss the ten common reasons why people do not buy annuities. In addressing these concerns, they explain how to navigate market volatility and limit losses, their case for investing in index annuities, how to approach understanding annuities better whatever your specific life circumstances, and why it pays to work with a competent and accessible financial advisor above all else.

What You’ll Learn in This Episode:

  • [01:48] An introduction to Ashok Ramji
  • [08:59] Why people don’t buy annuities, reason #1: Market volatility
  • [13:00] Three elements of insurance against losses amid market volatility
  • [16:04] Reason #2: Waiting for interest rates to rise
  • [19:38] How using index annuities can give buyers some peace of mind
  • [22:11] Reason #3: Information overload
  • [26:14] Reason #4: Life is hectic
  • [28:27] Reason #5: You don’t know what you don’t know
  • [32:07] Reason #6: You want to work with someone local
  • [35:26] Reason #7: You and your spouse can’t agree on a plan
  • [37:40] Reason #8: Alternative investments seem more exciting
  • [39:59] Reason #9: Lack of Trust
  • [42:37] Reason #10: Unaddressed pain

    • Key quotes:

    • “Today, I believe in the both approach: we have insurance products and we have investment products.” ~Ashok
    • “Market volatility is the idea that fear and greed drive all decisions. Greed keeps you in the market, fear makes you want to get out, but you never know what the right time to do it is.” ~Bryan
    • “Just because you expect interest rates to rise doesn’t mean that the rates will rise.” ~Ashok
    • “We use index annuities because they get us in the ballpark of what most people expect to be a reasonable return on safe assets.” ~Bryan
    • “If I were to suggest an approach to offset information overload, it would be to provide educational content in an easy-to-digest manner that answers specific questions.” ~Ashok

      • Call Annuity Straight Talk at 800-438-5121 or schedule a call at AnnuityStraightTalk.com

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