Fun With Annuities Podcast Celebrity Series
Bob Carlson is one of my favorite celebrity guests because it’s like getting an advanced degree every time he’s on Fun With Annuities. We discussed the Social Security report and the good and bad news that came out of it. They never take the simple or logical route. Here’s an idea, let’s try cutting some of the spendings Mr. & Mrs. Politicians.
Bob also weighed in on the current inflationary trends sweeping the country and the globe. Let’s say he doesn’t agree with Janet Yellen’s “transitory” take. However, Bob and I do agree that inflation needs to be looked at from a personal level. For example, if your kids are out of the home, you aren’t buying as much food or taking them to school and sports practices. So, stop watching cable news spew about inflation and start looking at your specific situation when it comes to inflation.
With interest rates rising, Bob is a big fan of MYGAs (Multi-Year Guarantee Annuities) and other fixed rate guaranteed products like CDs. He is more optimistic than I am about the Fed continuing to raise rates ongoing. I hope he is right, but I have no faith in the Fed being autonomous as they were designed to be. We all know that regardless of the party in power, they, unfortunately, can and do bully the Fed. I guess we will see what happens this time with Mr. Powell.
We then pivoted to global issues like the war in Ukraine and the overall volatility of the markets, including crypto-currency. Because Bob is an expert in retirement planning and advice, he is always proactively risk-averse with his suggestions and recommendations. This is the reason I highly recommend his website, newsletters, and information at www.retirementwatch.com. If this isn’t already pinned as one of your favorites, it should be.
We finished with what’s currently happening with the Secure Act 2.0 and what and when to expect things to be implemented with this piece of legislation. Bob is more patient than I regarding our “friends” in D.C., and his insight is definitely worth the listen. Remember the Bo Jackson Nike commercial ad campaign called “Bo Knows.” Well, forget that. It should now be “Bob Knows.”
Bob Carlson will always be a welcomed and ongoing guest on my Fun With Annuities podcast. Forget cable news or newspapers; Bob Carlson should be your go-to source for all things retirement. Enjoy the informational ride.
"This is how you decide how much you love your family: are you gonna take time to sit down and write this stuff down, or are you gonna leave them a big electronic mess that’s gonna take a lot of time and effort to resolve, and might not eventually be resolved." — Bob Carlson.
Brief Bio on Co-host: Bob Carlson
In addition to being editor of the Retirement Watch newsletter I mentioned, Bob has a monthly video series Retirement Watch Spotlight and the weekly free e-letter Retirement Watch Weekly. Bob is also the Founder of The Center for Retirement Security, a research and collaboration vehicle for retirement finances, investments, taxes, and estate planning. As the educational arm of Retirement Watch, the Center for Retirement Security offers retirees and pre-retirees the tools they need to survive and even thrive in the changing landscape of retirement planning. His book, Where’s My Money: Secrets to Getting the Most out of Your Social Security (Regnery Capital:2021), talks about the biggest retirement mistake we can make – not taking full advantage of your Social Security benefits. It’s a mistake that almost every retiree makes. Bob has written many books over the years and has been interviewed by all top financial publications. You can also follow him on the Retirement Watch Twitter page. Bob is an attorney and has also passed the CPA Exam. He received his J.D. and an M.S. (Accounting) from the University of Virginia and his B.S. (Financial Management) from Clemson University. And just to pile on…he is an instrument-rated private pilot.
In this episode, The Annuity Man and Bob Carlson discuss:
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.