058: The Moneylady Terry Savage Holds Nothing Back

About Fun With Annuities Episode #58

We rolled out the virtual red carpet for this week's celebrity co-host, Terry Savage. She's one of the top personal finance reporters in the country, with her weekly column syndicated in major newspapers by Tribune Content Agency.

This pro is one of the best truth dealers in the business. Terry frequently appears on national television and radio programs and is featured on WGN Radio and WGN-TV in Chicago with a weekly personal finance segment. Known as The Moneylady®, Terry is financial royalty and a nationally recognized expert on personal finance, the economy, and the markets.

You are going to love this podcast with Terry because we cover non-annuity hot topics. But fear not! She chimes in with ease on annuities and turns the tables on Stan The Annuity Man by asking him questions on the "Fun With Annuities" podcast. "You don't have to beat the market; you have to be the market. The market is always right," teaches Terry. So if you care at all about your money or retirement, soak in this podcast.

Celebrity Co-host Bio: Terry Savage

I have spoken with Terry for years about annuities. She started her career as a stockbroker and became a founding member and first woman trader on the Chicago Board Options Exchange. She was also a member of the Chicago Mercantile Exchange's International Monetary Market, where she traded interest rate futures and currencies. She now serves on the Board of Directors of CME Group, the Chicago Mercantile Exchange parent company. She has also served on the boards of McDonald's Corporation and Pennzoil Corporation.

Her Friends Talk Money podcast snagged a spot on US News' Top 10 List, and she is also the author of four best-selling books on personal finance, including her most recent book, The Savage Truth on Money. The first edition was named one of the top ten money books of the year by Amazon.com.

You can check out her Q&A on her "Ask Terry" blog at www.TerrySavage.com or follow her on Twitter @Terrytalksmoney, her Terry Savage YouTube Channel, on Facebook at The Savage Truth on Facebook and LinkedIn.

In this episode, The Annuity Man and Terry Savage discuss:

• The Moneylady®’s opinion on the current markets
• The creation of money, interest rates, and the US budget deficit.
• How technology has changed investing.
• The coming hot topic of long term care.

Key Takeaways:

• You don’t have to beat the market to be successful, you need to be in the market.
• It is inevitable that rates will go up, and it will likely happen in a snap when it does. Nobody knows when that will happen.
• With the changes in blockchain technology, the game of finances will be changed.
• The annuity industry frowns upon anyone putting more than 50% of their investable assets in annuities.

Fun With Annuities® Podcast is hosted by America’s Annuity Agent®, Stan Haithcock, The Annuity Man®. Hear brutal annuity facts with no sales pitches from the top independent agent in the country, licensed in all 50 states. Author of 7 books, Stan dives deep on all annuity types and strategies. It’s fun, learning the contractual truths on how annuities actually work and if they’ll fit your personal retirement lifestyle.

Listen in on how you can be livin’ the reality, not the dream®. Listen and subscribe on Libsyn, Stitcher, Apple Podcasts, Google Podcasts, Amazon Podcasts, and Spotify.