Latest / The Paul Truesdell Podcast
The Variable Annuity Money Pit
The Variable Annuity Money Pit
Tuesday, December 30, 2025 - Episode 525
Now let's talk about variable annuities, which might be the most cleverly disguised fee machine the financial services industry ever invented. And I say that with the kind of admiration you'd give a con artist who manages to pick your pocket while shaking your hand.
Here's how they work, and pay attention because the industry counts on you not understanding this. When you buy a variable annuity, your money goes into what they call separate accounts. Not mutual funds. Separate accounts. Why the fancy terminology? Because…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.