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Adam Van Wie: Safely Surfing Through Volatile Investment Waters

“Fun With Annuities” The Annuity Man Podcast

Release Date: 06/14/2022

Tom Hegna: Talking The Annuity Talk & Walking The Annuity Walk show art Tom Hegna: Talking The Annuity Talk & Walking The Annuity Walk

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Tom Hegna discuss:  There are no second chances in retirement  Why the bond market is down right now  Annuities should be bought and not sold  Investing wisely into cryptocurrency    Key Takeaways:  When it comes to retirement, there’s no dress rehearsal; there are no second chances. We need to get it right the first time. That’s why you must have at least your basic living expenses covered with a guaranteed lifetime.  Inflation is at 9%, yet we got a 30-year bond under 3%. That could mean that the bond market,...

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“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  Buying the dream, owning the reality  The fear and greed pitch  Simple is always better  Focus on the lifestyle    Key Takeaways:  If you’re looking for the perfect product, eventually, you’ll find a person who’ll say they have it and sell it to you. You’ll buy the dream, but you’ll own the contractual reality.  It’s easy to sell fear and greed. Everybody has that knee-jerk reaction and wants to have more or not to lose any. That’s the fear and greed pitch.  If you have some doubts about...

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“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man, Steve Vernon and Naomi Karp discuss:  Safeguarding from financial exploitation  The Money Path: six steps to protect yourself  Things to consider when getting multiple advocates Easing someone else into planning for cognitive decline   Key Takeaways:  Financial exploitation is something you need to safeguard your future self against because as you age, it’s only natural that you’d be more vulnerable to making mistakes. Keep in mind that 5% of financial exploitation is done by someone a person knows and trusts.  First,...

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“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  Should you purchase I Bonds?  Treasuries are as safe as it gets  Five places to put your money  Inflation is personal    Key Takeaways:  Purchasing I Bonds is a no-brainer. Go to treasurydirect.gov to buy direct from the treasury I Bonds.  Treasuries are as safe as it gets because they can tax us and confiscate our money to pay them off, and that would happen if we needed to do that. The downside to I Bonds is that they don’t allow you to put as much money in them.  There are only five legitimate...

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“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and John Lenz discuss:  How inflation affected annuities  Return On Premium MYGA’s The cost of not having a pivot feature Advantages of a guaranteed base    Key Takeaways:  The rise in interest rates has been a positive for the annuity space in general. SPIAs have responded nicely where the Single Premium Immediate Annuity is now buying more robust monthly income. A better name for ROPs or Return On Premium is Pivot MYGA since it gives you the option to pivot, which means to take your money and go to another company with a higher...

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“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed: Limit on annuities  Putting everything on an annuity  How much should you invest in annuities?  Why an application could get denied    Key Takeaways:  For most financial products, you can get as much as you want, but there is a limit on what you can get with annuities, and that’s a good thing.  You’ll get denied if you want to put everything you have on an annuity. The only way to go through is if the agent filled in the application incorrectly or falsely.  The annuity industry prefers 50% of your...

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“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Bob Carlson discuss:  Hedging for rising inflation rates  Accessing institutional shares through 401k  What are your digital assets?  Watching out for blockchain technology   Key Takeaways:  The inflation rate that you experience is probably lower than what data that is shared suggests. However, don’t forget that inflation rates are still rising, showing signs that it won’t be transitory.  401k plans allow access to institutional shares, which have the lowest expenses. Doing a roll-over from a 401k to an IRA will...

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“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  Addiction to the market  Reflecting on what you really want  How would you like your retirement to look like  When you don’t need an annuity    Key Takeaways:  It is possible to get addicted to the market, and when you’re at that point, you’ll need to give yourself an intervention. At some point, you’re going to have to stop.  Be honest, do you want to subject yourself to the daily ups and downs of politics and the markets, tracking it, hoping it goes well, hoping that you’ll get a bump? That...

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“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Mr. FIA-X discuss:  Annuity companies do not give free money  Ways to know if you’re dealing with a qualified advisor  Sales pitches that you should watch out for  Buying a product that you understand    Key Takeaways:  Upfront bonuses are candy for the stupid. There are no philanthropists in annuity offices giving out free money to clients. They’ll chip away at you in different ways to recoup those dollars. They haven’t been around for hundreds of years because they gave money away. If your advisor says...

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“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  The annuity industry’s bad reputation Don’t trust the sales pitch  Are all annuities bad?  Ask for the contractual guarantees    Key Takeaways:  The annuity industry has unfortunately earned its bad reputation despite its monopoly on lifetime income. That’s because some agents target people who are not financially informed.  When something sounds too good to be true, especially in annuities, it 100% is. There are no perfect answers, just bad sales pitches. If you don’t know who the sucker at the table...

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More Episodes

In this episode, The Annuity Man and Adam Van Wie discuss: 

  • Being both analytical and tactical 
  • Does the market care about politics? 
  • Putin-proofing and pandemic-proofing your investments 
  • Two questions to ask your advisor 

 

Key Takeaways: 

  • You need to be analytical and strategic, investing in the long-term while at the same time looking at short-term trends and figuring out how you could avoid losing, knowing what could happen in the short-term. 
  • The market doesn’t care that much about politics. The market has gone up historically on both sides; it isn’t as related as people think. However, there are specific policies that one side will do that will affect certain investments. 
  • The pandemic changed everything, but not every change was bad. The transition to webinars and online meetings has the upside of being able to save a lot of people’s time. 
  • Ask your advisor if they are a fiduciary or if they are putting their client’s best interest ahead of themselves. Then, ask them how they are getting paid because there wouldn’t be any reason for them to hide it if there’s nothing wrong with how they’re getting paid. 

 

"For those of you that this is the first time you’ve experienced any real volatility - if you have more than five years to invest, I would double down, buy more. Long term, American companies have a natural inclination to increase their profitability, and that’s what drives stocks in the long run. It’s a little bit of a rigged game, but it’s rigged in your favor." —  Adam Van Wie

 

 

 

Connect with Adam Van Wie:

Website: https://vanwiefinancial.com/ 

Facebook: https://www.facebook.com/vanwiefinancial/ 

Instagram: https://www.instagram.com/vanwiefinancial/ 

LinkedIn: https://www.linkedin.com/in/adamdvanwie/ 

 

Connect with The Annuity Man: 

Website: http://theannuityman.com/ 

Email: [email protected] 

Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work

YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g 

Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!