Inflation Impact: From Grocery Prices to Annuity Complexities

Airdate: 12/23/2023

In this episode, Josh Jalinski dives straight into a discussion on estate planning, emphasizing the importance of setting up Transfer on Death (TOD) accounts for a smoother transfer of assets to beneficiaries. He then addresses a listener's concern about the potential performance of the bond market, highlighting the advantages of having a trust in the current economic climate. The conversation moves to the intricacies of assigning beneficiaries in fidelity accounts and the significance of primary and contingent beneficiaries.

Josh then tackles the impact of inflation on everyday expenses, providing a stark comparison of grocery prices from 1990 to the present. He then delves into the recent stock market rise, discussing the thriving annuity market in the U.S. and the complexities involved in annuity investments. Josh concludes by cautioning listeners about the hidden fees and tax implications of annuities, comparing their death benefits to those of life insurance, and advising a critical approach when considering annuities as part of a financial strategy.

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