Can Online Annuity Calculators Be Trusted?
Retire For Less With The Annuity Expert by Shawn Plummer
Episode notes
Are you trying to figure out how much income your retirement savings can generate? Have you used an online annuity calculator, only to be instantly bombarded by endless telemarketing phone calls? 🛑💸
In this unfiltered reality check, Shawn from The Annuity Expert pulls back the curtain on the multi-million dollar lead generation industry! The short answer? No, you cannot trust most online annuity calculators because they are specifically designed to harvest your personal financial data and sell it to the highest bidder!
Shawn explains how generic calculators use fake, "sample" fixed payouts to bait you into submitting your phone number. Once you hit submit, your data is sold to third-party telemarketers and unvetted financial professionals. Even worse, some calculators automatically push you into SPIAs (Single Premium Immediate Annui ...