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Sudden Wealth Stewardship
United States
Приєднався 31 тра 2018
Retirement and wealth planning ideas for recently affluent Christians.
Are Fixed Deferred Annuities Worth It?
Are Fixed Deferred Annuities Right for You? Comparing with CDs, Money Markets, and Bonds
In this episode, we dive deep into fixed deferred annuities and compare them with CDs, money markets, and bonds. We'll discuss the pros and cons of these financial products, who they are best suited for, and how they are marketed. Additionally, we'll explore why retirees might consider annuities and how the commissions and financial stability of insurers play a role. Join us for a comprehensive guide to making informed decisions about your financial future.
How well are you doing financially?
Check out your score on the SUCCESSFUL RETIREMENT AND INVESTMENT SCORECARD: forms.gle/GzAmDfNKZgKnR5W19
How Much Do I Need To Retire?: forms.gle/PzysbnWfYoPnPDnt5
Complimentary Portfolio Audit: calendly.com/thomascloud/portfolio-audit
To set up a short call with me: calendly.com/thomascloud/learn-more
Kingdom Advisor Profile: www.faithfi.com/cka/10527/30188
Linked In: www.linkedin.com/in/tommycloud/
Website: www.thirdactretirement.com
CFP Profile: www.letsmakeaplan.org/find-a-cfp-professional/certified-professional-profile/d8df37af-284e-4108-a635-b3a39e253046
00:00 Introduction to Fixed Deferred Annuities
00:33 Comparing Annuities with Other Investments
01:29 Understanding Annuity Marketing
02:19 How Fixed Deferred Annuities Work
02:53 Commissions and Market Competitiveness
05:02 Bonds vs. Annuities
06:32 Liquidity and Flexibility of Annuities
07:33 Financial Stability of Insurance Companies
08:25 Choosing the Right Insurer and Maturity
09:28 Conclusion and Final Thoughts
Disclaimer: Since we don't know your specific situation, none of this information should be construed as tax, legal, financial, insurance, financial advice, or other advice and may be outdated or inaccurate. It is your responsibility to verify all information yourself. This content is prepared for entertainment purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. Third Act Retirement Planning or its members cannot be held liable for any use or misuse of this content.
In this episode, we dive deep into fixed deferred annuities and compare them with CDs, money markets, and bonds. We'll discuss the pros and cons of these financial products, who they are best suited for, and how they are marketed. Additionally, we'll explore why retirees might consider annuities and how the commissions and financial stability of insurers play a role. Join us for a comprehensive guide to making informed decisions about your financial future.
How well are you doing financially?
Check out your score on the SUCCESSFUL RETIREMENT AND INVESTMENT SCORECARD: forms.gle/GzAmDfNKZgKnR5W19
How Much Do I Need To Retire?: forms.gle/PzysbnWfYoPnPDnt5
Complimentary Portfolio Audit: calendly.com/thomascloud/portfolio-audit
To set up a short call with me: calendly.com/thomascloud/learn-more
Kingdom Advisor Profile: www.faithfi.com/cka/10527/30188
Linked In: www.linkedin.com/in/tommycloud/
Website: www.thirdactretirement.com
CFP Profile: www.letsmakeaplan.org/find-a-cfp-professional/certified-professional-profile/d8df37af-284e-4108-a635-b3a39e253046
00:00 Introduction to Fixed Deferred Annuities
00:33 Comparing Annuities with Other Investments
01:29 Understanding Annuity Marketing
02:19 How Fixed Deferred Annuities Work
02:53 Commissions and Market Competitiveness
05:02 Bonds vs. Annuities
06:32 Liquidity and Flexibility of Annuities
07:33 Financial Stability of Insurance Companies
08:25 Choosing the Right Insurer and Maturity
09:28 Conclusion and Final Thoughts
Disclaimer: Since we don't know your specific situation, none of this information should be construed as tax, legal, financial, insurance, financial advice, or other advice and may be outdated or inaccurate. It is your responsibility to verify all information yourself. This content is prepared for entertainment purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. Third Act Retirement Planning or its members cannot be held liable for any use or misuse of this content.
Переглядів: 31
Відео
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How to Wisely Manage Your NIL Money: Expert Tips from Tommy Cloud In this video, Tommy Cloud, the president of Third Act Retirement Planning, shares essential strategies for managing newfound wealth, specifically NIL (Name, Image, and Likeness) money that athletes receive. Tommy discusses the common pitfalls young athletes face with sudden wealth and provides actionable advice on how to save wi...
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That’s good🎉 hope you achieve your goals and I subscribed!
@@Totallynoone-f7f thank you so much and happy new year to you! I hope that you achieve your goals as well.
Good stuff bro Pretty informative
Appreciate it!
For a person that has no interest in investing a financial planner makes sense. For those that are savvy investors and knowledgeable about taxes and social security, paying a fp up to 1% annually makes no sense.
Thank you for your valued opinion. As a financial planner, I respectfully disagree with the notion that financial planning is only valuable for those who aren't investment-savvy. While it's true that wealth management services are particularly beneficial for those new to investing, the value of professional financial planning extends far beyond just investment management. Here's why I believe everyone can benefit from professional guidance: 1) Comprehensive Approach Financial planning isn't just about investments - it's about creating a holistic strategy that encompasses your entire financial picture. Even sophisticated investors can benefit from an objective third-party perspective on their overall financial strategy. 2) Personalized Solutions What works for one person may not work for another. That's why blanket financial advice often falls short. A professional financial planner tailors strategies to your specific situation, goals, and circumstances. 3) Value Beyond Investment Management While savvy investors might excel at portfolio management, financial planning encompasses much more, including: Long-term goal setting and strategy Tax optimization Estate planning Risk management Retirement planning The 1% fee should be evaluated against the comprehensive value provided, not just investment returns. However, I encourage everyone to carefully evaluate their needs and understand the types of financial advisors available before making a decision. The verse in Proverbs applies to everyone. Even the great Pharaoh had Joseph as his wealth manager. Remember, financial planning is about creating a roadmap to achieve your long-term financial goals, regardless of your investment expertise.
Thoughts on 80/20 gold/BTC split strategy?
This split lacks diversification, in my opinion. Too much gold. Also, I would like to continue to see the correlation of bitcoin to other asset classes. Good question.
Wow it’s hard to believe you have no likes or comments. I’ve watched hundreds upon hundreds of financial and retirement videos. This video is definitely top three. It saddens me how people reject Jesus.
Thank you for the encouragement! When Jesus was here on earth, they rejected him as well. I guess it is just more of the same as He prophesied.
Your eyes look unreal.
lol. It's because I tried AI "eye correct" on this short. It's supposed to look like I am looking at the viewer most of the time. Do you like it?
amen
finally u got the editor👍
Yes I did. Thank you!
awesome video
Thank you sir!
Lets get it on 👑
Yes sir 👍🏼
Great video!
Glad you enjoyed it
Love!!
black communities cannot support a seafood restaurant.... Red lobster survived on cheap liquor and acting fancy for a while... case closed.
called it Dead lobster for years.
Thanks for sharing Stan!
Very informative, will there be more?
Yes sir. There will be more.