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

“Fun With Annuities” The Annuity Man Podcast

Release Date: 01/05/2021

060: Bill Black: The Math and Taxes of Life Insurance show art 060: Bill Black: The Math and Taxes of Life Insurance

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Bill Black discuss:  What is happening in the life insurance space (especially during the current pandemic).  How interest rates affect life insurance policies.  Benefits of life insurance to the beneficiaries.  What to watch out for in the sales pitch world of life insurance.    Key Takeaways:  Oftentimes, term insurance can be changed to permanent insurance without the health checks being redone.  Life insurance is the best return on investment that you will never see.  Like with annuities, you buy life...

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059: FIA Insider Wears Mask to Protect Identity and Share Industry Secrets show art 059: FIA Insider Wears Mask to Protect Identity and Share Industry Secrets

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  The historical journey of indexed annuities and how they’ve gotten to where they are today.  The questions to ask your advisor about your indexed annuities.  The golden rule of annuities - they have the gold, so they make the rules.  The problems with backtested numbers.    Key Takeaways:  For anyone to say market upside with no downside or market participation with principal protection is misleading and blatantly false. If you get a big bonus with an annuity, you’re paying for it. You’re financing it over...

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058: The Moneylady® Terry Savage Holds Nothing Back show art 058: The Moneylady® Terry Savage Holds Nothing Back

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Terry Savage discuss:  The Money Lady’s opinion on the current markets.  The creation of money, interest rates, and the US budget deficit.  How technology has changed investing.  The coming hot topic of long term care.    Key Takeaways:  You don’t have to beat the market to be successful, you need to be in the market.  It is inevitable that rates will go up, and it will likely happen in a snap when it does. Nobody knows when that will happen.  With the changes in blockchain technology, the game of finances...

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057: Jack Lenenberg: Long Term Care show art 057: Jack Lenenberg: Long Term Care

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Jack Lenenberg discuss:  The environment, products, and solutions in long term care currently available.  The 6 daily functions of life and how they affect long term care.  The best time to look into and apply for long term care.  The answers to common questions that Jack is asked by customers.    Key Takeaways:  Your long term care does not need to be permanent. It just needs your doctor to sign off that you need care for at least 90 days.  There has been a shift to fixed and guaranteed policies to accommodate...

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056: Paul Merriman: We’re Talking Millions show art 056: Paul Merriman: We’re Talking Millions

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Paul Merriman discuss:  Making decisions that are in your, individual, best interest.  Understanding what you’re trying to achieve and what you want to do with your investments in the market.  Navigating the forks in the savings road.  Finding your good enough return.    Key Takeaways:  To be a successful long-term investor, you have to shut out all of the noise.  There is always a good news list and a bad news list for all market decisions.  Stay in your lane - investing takes time.  Every stock has...

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055: Gary Baker: The Annuity Data Maker show art 055: Gary Baker: The Annuity Data Maker

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Gary Baker discuss:  The pricing of lifetime income.  How mortality tables (life expectancy tables) work and function within annuities and life insurance.  The future of the annuity industry.  How Cannex works with carriers and some of the challenges with doing so.   Key Takeaways:  You buy a life insurance contract in the event that you die too soon, you buy an annuity in the event that you live too long. Annuity companies don’t give anything away. If you add things onto your contract (like cost of living adjustments or...

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054: Barry Dyke: Markets, Risk, and Retirement Income show art 054: Barry Dyke: Markets, Risk, and Retirement Income

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  Compliance at family offices, hedge funds, and other securities offices.  Possible hiccups and downturns on the horizon.  The misinformation around the 4% Rule.  The research behind Barry’s book, The Pirates of Manhattan.    Key Takeaways:  Family offices have more assets (money under management) than hedge funds.  The general public doesn’t know what is going on and most people don’t know that they don’t know what is happening.  Major banks buy more life insurance and fixed annuities than...

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053: Owen Schrum discusses Bitcoin and explains Blockchain show art 053: Owen Schrum discusses Bitcoin and explains Blockchain

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  What cryptocurrency is and how blockchain works.  Losing Bitcoin and the future of the cash dollar.  Looking at cryptocurrency as an investment.  Normalizing cryptocurrency with direct and indirect regulations.    Key Takeaways:  It is a speculation tool, an investment, but a very speculative one. That is, an investment in a new technology called Blockchain. Blockchain is the internet of things, of assets. Bitcoin is the application running on the blockchain.  Right now, Bitcoin and other cryptocurrency...

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052: Annuities and Inflation show art 052: Annuities and Inflation

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  The relationship between annuities and inflation.  Don’t believe the pitch, understand the contract.  How you do address inflation with annuities.  Laddering your annuities with staggered start dates.     Key Takeaways:  Interest rates do not have to go up, and there are arguments for both inflation and deflation.  There are no indexed annuities that are adjusted for inflation.  Any time an annuity pitch sounds too good to be true it is. Every single time.  Don’t worry about inflation -...

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051: Questions to Ask Your Advisor About Annuities show art 051: Questions to Ask Your Advisor About Annuities

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  The top questions to ask your advisor about annuities.  Knowing which questions are deal-breakers from the beginning for advising you about annuities.  The nuances and varieties of annuities.  The reasons to ask these questions for your best contractual guarantees.    Key Takeaways:  All lifetime income streams are life expectancy-based, interest rates play a secondary role.  If your advisor only represents a handful of carriers, they are not qualified to sell annuities. Annuities are a commodity product...

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More Episodes

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 requoted if they aren’t locked in at the application process. 
  • Congratulations on getting to make this decision!

 

"Be very specific on what you want that money to do." —  Stan The Annuity Man 

  

Connect with The Annuity Man: 

Website: TheAnnuityMan.com 

Email: [email protected] 

Book: Owner’s Manuals 

YouTube: Stan The Annuity Man 

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