Payne Points of Wealth

Payne Points of Wealth


Ep #18: Don’t Get Fooled by Fake Financial News

September 26, 2019

Fake news is everywhere these days and investing is no exception. We’ll take a look at three popular headlines right now and explain why you can’t believe them. Ryan and Bob will also talk about the dreaded retirement ‘a’ word - annuities – and tell you why they don’t recommend them.On this show:0:32 – Previewing the topics on this show.1:20 – Everything seems to get labeled fake news today and the financial industry is included in this.  1:50 – Fake News or not: Social Security is going broke.4:40 – Fake News or not: The crash of the dollar is imminent. Buy gold now.6:36 – Fake News or not: The recession is coming!10:06 – Let’s talk about that dreaded ‘A’ word:  annuities.10:36 – Why we’ll never buy you an annuity.11:45 – There are better ways to generate income.   12:29 – The different types of annuities.14:08 – Why an annuity is like Chinese food.15:03 – Inflation is another reason why an annuity isn’t a great option.19:34 - Mailbag Time20:39 – Mailbag question: My company is offering the option of a pension lump sum buyout or we can keep the monthly pension. What should I do?22:51 – Mailbag question: I have a lot of major life changes occurring over the next few months that will affect my investing. Should I pull out everything into cash until things settle down?Get the full show notes and additional resources by clicking here: http://bebullish.com