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049: Retirement Withdrawal Strategies

“Fun with Annuities” The Annuity Man Podcast

Release Date: 03/23/2021

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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050: Retirement Cash Flow from SPIAs show art 050: Retirement Cash Flow from SPIAs

“Fun with Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  Why we don’t care about the cash flow percentage that other sites put by their numbers.  The best immediate annuities...and why they differ for everyone. Income floor vs. cash flow.  Annuities as confidence products.     Key Takeaways:  Annuity companies have the big buildings for a reason - they are not giving any money away.  Immediate annuities are the granddaddy of all lifetime income annuities, the granddaddy of all annuities for that matter. SPIAs can be used in a non-IRA setting, as well as in...

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049: Retirement Withdrawal Strategies show art 049: Retirement Withdrawal Strategies

“Fun with Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  What the 4% Rule is and how it affects you.  Annuities are the only product that can provide a lifetime income stream. Figuring out what you need per month to know what your withdrawal strategies need to be.  Understanding what you’re buying before you sign anything.    Key Takeaways:  Every person retiring needs to set up their income floor, regardless of everything else that is happening in the world.  Interest rates play a secondary role.  Annuities are commodity products. You need to shop around to...

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048: Best Type of Annuity for Retirement show art 048: Best Type of Annuity for Retirement

“Fun with Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  The different types of annuities and how they can work for you in retirement.  Understanding your specific goals and needs.  Customizing your annuity for your individual needs.  Combining an income floor with your social security.    Key Takeaways:  Upfront bonuses are just part of the contractual guarantee, not free money. Solve for the specific situation, no one annuity will fill every need.  If an agent is steering you to a one-product solution, you should be hesitant.  Lifetime income is primarily...

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047: Annuity News: Vanguard Annuities Now with Transamerica show art 047: Annuity News: Vanguard Annuities Now with Transamerica

“Fun with Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  The original purpose of a variable annuity.  The mess that has been caused by Transamerica now taking over these Vanguard annuities.  Being careful about companies offering upfront bonuses on annuities.   Holding on and not making rash decisions.    Key Takeaways:  Transamerica is the company that is now servicing all of the annuities that were purchased at Vanguard.  Annuity companies are more regulated than banks.  Don’t make rash decisions because you are having a hard time currently getting...

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046: 5 Choices with a FIA and Income Rider show art 046: 5 Choices with a FIA and Income Rider

“Fun with Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  How to know if you even need an annuity.  Shopping all carriers for your specific situation.  The 5 choices when you have a fixed index annuity with an income rider. Test-driving your annuity.    Key Takeaways:  There is no rush to buy an annuity, only to understand it.  You will never know the ROI until you die on an annuity. It is a lifetime income stream. Income riders are flexible, you can change your mind - you can do a contractual pivot.   "If you defer out, say another three or four years, the...

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045: Fixed Index Annuities - Are They a Good Investment? show art 045: Fixed Index Annuities - Are They a Good Investment?

“Fun with Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  Understanding how a fixed index annuity works, rather than how it is pitched.  The dangers in backtested numbers (and why they should be illegal in all 50 states). Stripping away the complication of the fixed index annuity.  Shopping around for your annuity and asking for a specimen policy.    Key Takeaways:  Fixed index annuities can be used as an efficient and cost-effective delivery system for the income rider guarantee. The renewal rate is where the game is played with index annuities.  There are over 700...

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044: How to Shop for Annuity Rates Like a Pro! show art 044: How to Shop for Annuity Rates Like a Pro!

“Fun with Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  What is meant when we talk about annuity rates.  The three primary lifetime income products in the annuity world. Falling in love with the contractual number, no the carrier.  Understanding what you’re trying to solve for and how rates apply to your specific situation.   Key Takeaways:  In the annuity world, “rates” does not always mean interest rates. Rates can also mean life expectancy.  Interest rates play a secondary role - life expectancy drives the train with all lifetime income.  People have been...

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043: Why Renewal Rates are the Secret to Fixed Index Annuities show art 043: Why Renewal Rates are the Secret to Fixed Index Annuities

“Fun with Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  What an index annuity is.  Buying the contractual reality, not the dream.  Why renewal rates are the key to index annuities.  The importance of understanding what the renewal rates are and why they matter.   Key Takeaways:  If you’re looking for an index annuity for accumulation, then you need to know about renewal rates.  There is no renewal rate history on an index that has just been created.  There is no reason not to send a specimen policy - annuities are contracts, so you might want to read it before...

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More Episodes

In this episode, The Annuity Man discusses: 

  • What the 4% Rule is and how it affects you. 
  • Annuities are the only product that can provide a lifetime income stream.
  • Figuring out what you need per month to know what your withdrawal strategies need to be. 
  • Understanding what you’re buying before you sign anything. 

 

Key Takeaways: 

  • Every person retiring needs to set up their income floor, regardless of everything else that is happening in the world. 
  • Interest rates play a secondary role. 
  • Annuities are commodity products. You need to shop around to find the best contractual guarantee for you. 
  • If you want market growth, you don’t buy an annuity. 

 

"All lifetime income from annuities, all transfer of risk, is a combination of return of principal plus interest." —  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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