MarketPR
Wes Moss declared that a Kentucky retiree should reject her financial advisor's proposal to lock 35% of her million-dollar IRA into a seven-year annuity.
The advisor pitched an "Opti Blend" fixed indexed annuity that promised no fees, no penalties, and returns tied to the S&P 500, claims Moss identified as false during an October 13, 2026 episode of The Clark Howard Podcast.
The listener, identified as Janet, described the plan as allocating $350,000 to the insurance product, with the remaining balance split between stocks and bonds.
Moss characterized the annuity as an insurance contract where funds sit in the insurer's general account rather than being directly invested in the market.
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