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035: Should You Transfer Your 401K Retirement Plan to an Annuity?

“Fun with Annuities” The Annuity Man Podcast

Release Date: 12/15/2020

041: Why You Should Take a Closer Look at Income Riders show art 041: Why You Should Take a Closer Look at Income Riders

“Fun with Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  What an income rider is (and it isn’t an annuity).  The income rider versus the accumulated value side of the calculation table. The flexible nature of income riders.  Taking the annuity payments when you need the income and transferring the risk.   Key Takeaways:  An income rider is an attachment to a contractual agreement, not an agreement itself.  Deferred income annuities and income riders solve for income later, which is income down the road. The difference is just how they contractually get there. ...

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040: Your 4 Choices at the End of a MYGA Term show art 040: Your 4 Choices at the End of a MYGA Term

“Fun with Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  The simplistic nature of MYGAs.  The end of term flexibility of a MYGA.  Why you can’t broad brush all annuities.  It is your money, you get to make the decisions.    Key Takeaways:  The commission is already built into annuity contracts, they can vary depending on the complexity of the annuity. For something like a MYGA, they can be quite low, possibly .5%-2% depending on the carrier.  Choose the highest contractual guarantee, whether that is renewing with the current carrier or moving to a different...

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039: Inherited Annuities: What are your specific choices?  show art 039: Inherited Annuities: What are your specific choices? 

“Fun with Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  The best thing to do if you have inherited an annuity.  Understanding the type of policy that you are inheriting.  Spousal and non-spousal choices of an inherited annuity.  Understanding the goals and the contractual guarantees of the annuity you have and what you want it to do.    Key Takeaways:  You have to hire someone who is qualified to give tax advice (like a CPA or tax lawyer) for tax advice. Do not take advice from anyone else because it is an ever-changing landscape and can vary from state to...

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038: Pension Payment or Lump Sum: Which One Do You Take? show art 038: Pension Payment or Lump Sum: Which One Do You Take?

“Fun with Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  Understanding the claims payability of the company that is offering the pension payment. Knowing what you want the money to contractually do.  Owning an annuity for what it will do not what it might do.  Telling what you want, not being told what you should do.    Key Takeaways:  About 80% of the time, with a pension payment, the payments from the company will be larger than what any annuity company will pay you. Make sure to check your options carefully.  Annuity quotes expire every 7-10 days and need to be...

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037: Timing Your Annuity Purchase...Is It Possible? show art 037: Timing Your Annuity Purchase...Is It Possible?

“Fun with Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  Investors vs annuity buyers.  Understanding the contractual guarantees and making sure they work for you.  Annuities are life expectancy based - you can’t time that.  The things you can’t time and why they shouldn’t affect your choice of buying an annuity.    Key Takeaways:  Short answer - no, you can’t time your annuity purchase. It’s a contract, not an investment. You cannot time interest rates with MYGAs. You can often ladder the annuities to account for changing rates.  No advisor knows how to...

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036: Annuities vs. The Stock Market: The Brutal Truth About Both show art 036: Annuities vs. The Stock Market: The Brutal Truth About Both

“Fun with Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  Having money in the stock market (even if you don’t have or need an annuity). Why you should be in the stock market, either managing yourself or having someone manage it for you.  Understanding if you need an annuity and how to allocate and proportion your money.  Diversification of risk and assets. The stock market and annuities can work together, but they cannot be compared.    Key Takeaways:  80% of all stock market trades are not done by a real-life, breathing human.  If you want market growth, stick with...

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035: Should You Transfer Your 401K Retirement Plan to an Annuity? show art 035: Should You Transfer Your 401K Retirement Plan to an Annuity?

“Fun with Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  What a 401K is and how it affects your retirement.  Market growth versus contractual guarantees.  Shopping annuities like you shop for plane tickets.  Understanding proportion and allocation.    Key Takeaways:  What do you want the money to contractually do? When do you want those contractual guarantees to start? If you want market growth, don’t buy an annuity.  The best annuity is the one that provides the best contractual guarantee for your specific needs.  Nobody knows what is going to happen with...

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034: Annuity Laddering Strategies: How They Actually Work show art 034: Annuity Laddering Strategies: How They Actually Work

“Fun with Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  Laddering for principal protection vs. Laddering for lifetime income.  The customizable nature of laddering annuities.  What is looked at and strategies for laddering depending on what you want the contractual guarantee to do.  Addressing inflation.    Key Takeaways:  There are no perfect answers, just really bad sales pitches. Nobody can predict where interest rates are going to go and if they say they can they’re wrong.  MYGAs are regulated at the state level.  It’s about life expectancy at the...

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033: Annuities vs. Life Insurance: Which is Better & How Do They Differ?  show art 033: Annuities vs. Life Insurance: Which is Better & How Do They Differ? 

“Fun with Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  How life insurance and annuities differ, despite being sold by the same companies.  The variance in the death benefits between life insurance and annuities.  Ways in which life insurance and annuities can work together.  Knowing what your goal is when buying life insurance and annuities.    Key Takeaways:  Annuities are issued by life insurance companies, but annuities and life insurance are different in terms of strategy, contractual guarantee, and transfer of risk. Life insurance is the best return on...

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032: Annuity Financial Advice for Seniors & Baby Boomers show art 032: Annuity Financial Advice for Seniors & Baby Boomers

“Fun with Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  Determining if you need an annuity. Annuities are not one size fits all - they are contractual guarantees.  Taking care with the annuity sales pitches that are coming your way.  Creating your Annuity Statement of Understanding.    Key Takeaways:  Every single day, over 10,000 Americans reach the age of 65. To determine if you need an annuity, ask yourself 2 questions: What do you want the money to contractually do? When do you want those contractual guarantees to start? Never buy an annuity for market growth. ...

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More Episodes

In this episode, The Annuity Man discusses: 

  • What a 401K is and how it affects your retirement. 
  • Market growth versus contractual guarantees. 
  • Shopping annuities like you shop for plane tickets. 
  • Understanding proportion and allocation. 

 

Key Takeaways: 

  • What do you want the money to contractually do? When do you want those contractual guarantees to start?
  • If you want market growth, don’t buy an annuity. 
  • The best annuity is the one that provides the best contractual guarantee for your specific needs. 
  • Nobody knows what is going to happen with inflation. If hyperinflation hits, at that time you solve for what you need then. 

 

"You have to be specific about what you want the money to contractually do." —  Stan The Annuity Man 

  

Connect with The Annuity Man: 

Website: TheAnnuityMan.com 

Email: Stan@TheAnnuityMan.com 

Book: Owner’s Manuals 

YouTube: Stan The Annuity Man 

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