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030: Annuity Calculators: How to Use Them for Maximum Results

“Fun With Annuities” The Annuity Man Podcast

Release Date: 11/10/2020

Ep 86: Steve Parrish: Rational and Phased Retirement Planning show art Ep 86: Steve Parrish: Rational and Phased Retirement Planning

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Steve Parrish discuss:  People don’t understand annuities Preparing for diminished capacity Life expectancy is good and getting better Managing your retirement plan   Key Takeaways:  Annuities are not an investment, it’s a form of insurance that makes investments even better. Address problems in advance while you still can. Think about how your bills will be paid, how your money will be invested and how it can be protected from being abused by others when the time comes that your capacity is diminished. Plan to live past the life...

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Ep 85: Bob Carlson: The Good News and Gotchas Around Tax Wise Investing show art Ep 85: Bob Carlson: The Good News and Gotchas Around Tax Wise Investing

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Bob Carlson discuss:  Current taxation and retirement climate Changes in Roth IRA rules Strategies you can use to get around IRA changes Donor-advised funds and some investment strategies   Key Takeaways:  A lot of proposals are being thrown around, but the votes even out enough to not allow anything to be done yet. There are proposals that completely upend some tax or retirement strategies.  Roth IRA holders are a minority in the eyes of the congress, so it’s easy for them to either make actions that make them mad or paint them as...

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084: Leah Brandt: The Woman CEO Running The Annuity Man show art 084: Leah Brandt: The Woman CEO Running The Annuity Man

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Leah Brandt discuss:  Seeing things from the client’s perspective When annuities are bought Making annuities easier to understand Never doing things in moderation   Key Takeaways:  If you want to provide excellent service, always ask yourself what you would want if you were the client or what you would want to know if it was your money. How do you want to be guided, if you were the one going through the annuity-buying process? Put yourself in the client’s shoes, put their interests ahead of yours.  You don’t have to pitch...

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083: Jack Lenenberg: How To Qualify for Long-Term Care show art 083: Jack Lenenberg: How To Qualify for Long-Term Care

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Jack Lenenberg discuss:  The truth about long-term care Transferring annuity to annuity with an IRS 1035 exchange Traditional versus annuity with long-term care  The full customizability of long-term care   Key Takeaways:  Long-term care plans are flexible, benefits are guaranteed and you can set up the plan so that if you don’t use the money, it returns to the estate.  An IRS 1035 exchange says you can take a non-IRA annuity using non-qualified assets and transfer them tax free into another annuity.  Traditional policies...

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082: Terry Savage: Financial Realities Right Now show art 082: Terry Savage: Financial Realities Right Now

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Terry Savage discuss:  Is inflation going to be transitory?  Getting ready for a collapse The Great Resignation Technology’s effect on markets   Key Takeaways:  We have a lot of components of permanent inflation being injected into the economy along with the shortages of goods.  No one knows for sure that a collapse is coming - everyone can be a little right and a little wrong. But it’s better to be ready and disciplined than to be very wrong at the very worst time, losing all your ability to adjust to the change.  ...

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081: Tom Hegna: Mortality Credits Drive The Income Train show art 081: Tom Hegna: Mortality Credits Drive The Income Train

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Tom Hegna discuss:  Mortality credits: the secret sauce of annuities Trends in life expectancy Predicting the economy and preparing for market downs Making healthy choices for a happy retirement   Key Takeaways:  The mortality credits are probably the highest that we’re going to see for the rest of our lives, there’s no better time to get annuities than right now.  In the previous pandemic, we saw a rise in life expectancy after the end of it as it forced technology and medicine to progress to help people survive - so it might...

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080: Jamie Hopkins: Retirement Planning And The Why That Makes You Cry show art 080: Jamie Hopkins: Retirement Planning And The Why That Makes You Cry

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Jamie Hopkins discuss:  ROS - Return on Sleep From an accumulation to a decumulation mindset Living your retirement meaningfully  Changing your relationship with money    Key Takeaways:  People often don’t care about optimal, people care about being happy. Giving people a good retirement experience, a Return On Sleep, is better than giving optimal results.  Point your focus towards what you’re planning to work towards or what you want to acquire - accumulating money isn’t going to do you any good if you don’t convert...

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079: Loren Feldman: Transition To Retirement As A Life Entrepreneur show art 079: Loren Feldman: Transition To Retirement As A Life Entrepreneur

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Loren Feldman discuss:  Entrepreneurs and retirement  Investing for business owners Passion and confidence on business Measuring your risk   Key Takeaways:  Plan for the next chapter. Retirement brings about many opportunities that would otherwise be difficult or impossible.  Many entrepreneurs love taking risks but being smart about your money means making informed decisions that take into consideration risk-transfer and investment.  Passion is essential but not sufficient when getting a business to take off.  You...

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078: Wade Pfau: Retirement Income Style Awareness show art 078: Wade Pfau: Retirement Income Style Awareness

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Wade Pfau discuss:  Success in retirement RISA - Retirement Income Style Awareness Funding long-term care Reverse mortgages and risk pooling   Key Takeaways:  Retirement doesn't only mean stopping work, it's about being able to do what you want.  Three retirement strategies: Total return investment strategy, time segmentation or bucketing, or annuity and social security.  These are the factors that determine which retirement strategy or style will work for you: probability based or safety first; and optionality versus...

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077: Dan Prescher: No U-Hauls Behind Hearses show art 077: Dan Prescher: No U-Hauls Behind Hearses

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Dan Prescher discuss:  Planning for travelling internationally Travelling internationally as a lifestyle change Minimalism and happiness  Joining communities abroad   Key Takeaways:  Research is the key, start by ruthlessly profiling yourself and ask yourself what you can do without and what you can’t do without.  If you plan to live abroad, you gotta do it from the heart, it has to be a lifestyle choice. Otherwise you’d just be an economic refugee.  Once you keep things compact and minimal, you can start focusing on...

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More Episodes

In this episode, The Annuity Man discusses: 

  • The misinformation around annuities. 
  • How buying an annuity is like buying a plane ticket. 
  • Maximizing results with annuity calculators. 
  • Using annuity calculators to get a feel for what the guarantees are. 

 

Key Takeaways: 

  • There is never an urgency to buy an annuity. The only urgency is to understand the contract. 
  • The best annuity out there is the one that provides you with the highest contractual guarantee for your scenario. 
  • There is no way to know the future inflation rate. Laddering your annuities is more likely to account for that unknown. 
  • Live the reality, not the dream. Use the tools that are available and find out if an annuity is right for you. 

 

"With annuities, if it sounds too good to be true, it is. Every. Single. Time." —  The Annuity Man 

  

Connect with The Annuity Man: 

Website: TheAnnuityMan.com 

Email: [email protected] 

Book: SPIA Owner’s Manual 

YouTube: Stan The Annuity Man 

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