Bob Carlson: The Good & The Bad About Social Security in 2022
“Fun With Annuities” The Annuity Man Podcast
Release Date: 07/26/2022
Transfer Your Risk to Annuity Contractual Guarantees: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: What annuities solve for Transfer of risk The three phases of retirement Key Takeaways: Annuities solve for PILL: Principal protection, Income for life, Legacy, and Long-term care. There’s no G for growth, or R for Returns. If you want growth and returns, do not buy an annuity of any type. Annuities are bought for transferring risk. When you buy an annuity contract for lifetime income, the company will be on the hook to pay as long as you’re breathing. There are three phases of...
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Jamie Hopkins: Retirement Planning And The Why That Makes You Cry (TAM Classic)
“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...
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You Already Own At Least 2 Annuities: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: The best inflation annuity on the planet. The second annuity you already own RMDs are an annuity payment Key Takeaways: Annuities that adjust for inflation offered by the private sector have their initial payments drastically lowered to make up for the index increase. You don’t need to get that because you already own the best inflation annuity on the planet: Social Security. The second annuity you might already own is attached to your Individual Retirement Account. A 401k, 403b, or 457 are...
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Get Your Annuity Income Ducks in a Row: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: What retirement is all about The ducks that you may already have Annuity income ducks Key Takeaways: Retirement, or chapter two of your life, is the time that you need money hitting the bank account so that you can go live your life. This chapter is going to be all about you, about your lifestyle, and about reclaiming your health. The first income duck you have is the best inflation annuity on the planet: Social Security. If you have a pension from a company or the government, that’s another income...
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Marcia Mantell: Cookin' Up Your Retirement Plan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man and Marcia Mantell discuss: The value of simplicity in understanding financial concepts Getting ready for the emotional aspect of retirement The key to financial success in retirement The importance of creating an estate plan Key Takeaways: If you can’t explain a concept or product simply to somebody who doesn’t live in your industry, then you don’t understand that concept or product enough. You are going to retire someday, you have to be ready for not only the financial aspect but also the...
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Your Retirement Plan Is Not an Annuity Game: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: The standard of a fiduciary Your retirement is not a game Annuities as guarantees and as commodities Key Takeaways: Be wary of people in the annuity industry who sell one product to every type of person. In most cases, the product they’re selling is the highest commission product. The annuity you buy has to be aligned with the goal you want to set for chapter two of your life. Some advisors look at annuities like it’s a game, thinking only about making the most amount of money by selling the most amount...
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Annuity Decisions Should Be Simple & Contractual: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: Buying contractual guarantees Keeping it simple with annuities Annuities that adjust for inflation Key Takeaways: Buy annuities only for their contractual guarantees. Don’t buy an annuity for hypothetical, theoretical, back-tested returns. Don’t buy an annuity for the upfront bonus. Buy an annuity for what it will do, not what it might do. Annuities are supposed to be simple. You should understand your annuity contract enough to be able to explain it to a nine-year-old. Annuity companies...
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Andy Panko: Financial Planning Demystified and Unemotional (TAM Classic)
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man and Andy Panko discuss: How advisors should construct their fees The complexity of decumulation Making the plan as good as it can be Cryptocurrency is a lottery ticket Key Takeaways: The work isn’t linear to the asset size; advisors shouldn’t make more money just because assets go up. In the same way, advisors shouldn’t be paid less just because the markets go down. They’re still doing the same amount of work and providing the same services. Investment management, even good investment management, has...
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Annuities Will Do What You Contractually Need: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: Don’t buy the dream Backtested numbers are not guaranteed What an annuity is for Key Takeaways: Do not buy hypotheticals, dream sales pitches, or back-tested returns. Do not buy the annuity dream because you're going to own the contractual reality. There’s no such thing as a “guaranteed and back-tested” return. To say that it’s back-tested means that there are no guarantees. Buy an annuity for what it will do, not what it might do. If you want market returns, don’t buy an annuity of...
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Don’t Buy Annuity Hypothetical Returns: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: Annuities are contracts How Indexed Annuities should be used Don’t buy an annuity for market returns Key Takeaways: To say that something is “guaranteed and backtested” means that there is nothing guaranteed at all. Annuities are contracts, buy them for what they will do and not what they might do. Indexed Annuities have the potential to go down in value, but they can be used as an efficient delivery system for guaranteed lifetime income through an income rider attachment. If you...
info_outlineIn 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 give you access only to retail shares, which have the highest expenses.
- Digital assets are a much broader category than a lot of people realize. It’s a federal crime for others to access your digital assets. You have to specify and give people permission. List and organize all your digital assets.
- It would be wiser to be more interested in blockchain technology than just the cryptocurrency part. Watch out for how companies will utilize this technology and if its biggest problem will ever be resolved: its impact on the environment.
"This is how you decide how much you love your family: are you gonna take time to sit down and write this stuff down, or are you gonna leave them a big electronic mess that’s gonna take a lot of time and effort to resolve, and might not eventually be resolved." — Bob Carlson.
Connect with Bob Carlson:
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Most Recent Book: https://www.amazon.com/Wheres-My-Money-Secrets-Security-ebook/dp/B0853F3R7R
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