loader from loading.io

Ellie Saul: New Benefits Revealed by Mama Bear Medicare

“Fun With Annuities” The Annuity Man Podcast

Release Date: 09/06/2022

Mr. FIA-X: The Truth About Fixed Index Annuity Returns show art Mr. FIA-X: The Truth About Fixed Index Annuity Returns

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Mr. FIA-X discuss:  Questions to ask your annuity agent  Backtested numbers are garbage  Index Annuities are not bad products When building for accumulation   Key Takeaways:  Ask what the participation rate is and when it can change. Annuity companies can change the rules, as they need to have some way to protect themselves. It’s important to know those rules. Next, ask the agent to explain the index, what’s in it, and the math behind it.  You need to know when the index rate went live or when it can be tracked....

info_outline
Would More Money Really Change Your Life?: Shootin' It Straight With Stan show art Would More Money Really Change Your Life?: Shootin' It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  Think again, would more money change your life?  Peeling off the interest Are you really affected by inflation?  Live your life now    Key Takeaways:  Why do you still keep money in the markets when you’ve won the game? Think about it, would more money really change your life? If the answer is no, then why are you putting your money at risk?  Treasuries, CDs, Fixed-Rate Annuities, and MYGAs are at a level where you can just peel off the interest, never touch the principal and never pay any fees.  60% of...

info_outline
Volatile or Contractual?: Shootin' It Straight With Stan        show art Volatile or Contractual?: Shootin' It Straight With Stan   

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  Are your plans volatile?  The Safe Money Trifecta  Managing your volatility  Can you afford volatility?    Key Takeaways:  Your retirement plan is volatile if it’s at the whims of the markets and current global circumstances. You can take out the volatility from your plans by introducing contractual guarantees.  Remember the Safe Money Trifecta: CDs, Treasury Bonds, and Multi-year guaranteed annuities.  It’s alright to be in the market as long as you keep the proportions in a way where you don’t...

info_outline
Marcia Mantell: What’s the Deal with Retirement Planning? show art Marcia Mantell: What’s the Deal with Retirement Planning?

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Marcia Mantell discuss:  The good news that came with inflation What inflation really does  Medicare Advantage or Medigap     Key Takeaways:  Social security got a large boost. On the one hand, we’re all lamenting inflation, but then those who are getting social security or are waiting to claim will get the benefit of an 8.7% increase.  Inflation makes us rethink priorities. It makes us have to reset our budgets and be more mindful about what we buy.  To know whether Medicare Advantage is better for you or Medigap,...

info_outline
Fake Annuity News: Shootin' It Straight With Stan show art Fake Annuity News: Shootin' It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  Annuity fake news  Too good to be true What’s at risk  Fake news on two sides Key Takeaways:  If someone tells you all annuities are all bad, it’s either they’re lying to you or that they don’t know what they’re talking about.  “Market upside with no downside” plus a shiny upfront bonus sprinkled on top to “make up for the losses”? It’s a trap! Index annuities are great CD products and a great delivery system for income riders, but it’s not a miracle solution.  Don’t make a decision that will...

info_outline
Retire from Both Your Job and The Markets: Shootin' It Straight with Stan show art Retire from Both Your Job and The Markets: Shootin' It Straight with Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  How different your life could be with more money  Retiring from work and the markets Investing safely and smartly  Living off of guarantees    Key Takeaways:  People in the news and most financial advisors will tell you always to keep money in the markets, but you have to ask yourself this: will more money make your life any different?  If you love the ups and downs of the markets and treat it like a passion or a hobby, then it’s alright to stay in it, but most people out there should be retiring both from...

info_outline
Michael Finke: Why Annuities Make Sense Right Now show art Michael Finke: Why Annuities Make Sense Right Now

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Michael Finke discuss:  Annuities are more attractive today  Protecting your future lifestyle  Cutting little slices on the birthday cake There’s no perfect product to solve for inflation   Key Takeaways:  At the time of this episode’s taping, near-retirees can lock in 5.2% on five-year MYGAs for the next five years; however, it may go up or down.  When buying an annuity, you're essentially buying yourself a minimum standard of living for ever, no matter how long you live. You have to choose if you want to shoulder the...

info_outline
Your Principal Protection Trifecta: Shootin' It Straight with Stan show art Your Principal Protection Trifecta: Shootin' It Straight with Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and GUEST discuss:  CDs and MYGAs I-bond no-brainer The safest product in principal protection  How safe are MYGAs?    Key Takeaways:  Here’s how CDs (Certificate of Deposit) work: you give the bank money, they protect the principal, and you don’t have to pay any fees. You can take the interest if you want to at the end of the term and do what you want with your money. MYGAs are basically the annuity industry’s version of a CD.  Treasury bonds are a no-brainer. Go to treasurydirect.gov to buy them for yourself. The only...

info_outline
Should You Date or Marry Your Annuity?: Shootin' It Straight with Stan show art Should You Date or Marry Your Annuity?: Shootin' It Straight with Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  Dating your annuity company  Marrying your company for lifetime income What do you want your money to do contractually?  Dating MYGAs to peel of interest    Key Takeaways:  Dating a company means that we’re only going to be there for a specific duration. With multi-year guarantee annuities and fixed-rate annuities, you give the annuity company your money for a specific period of time, If you’re signing up for a lifetime income product with an annuity company, you’ll be there for life, so you have to make sure...

info_outline
Rick Ferri: A Fighter Pilot’s View of the Markets show art Rick Ferri: A Fighter Pilot’s View of the Markets

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Rick Ferri discuss:  The Bogle-Head philosophy in investing Access to good financial advice  The urgency of getting serious with retirement Implementing a plan for your own life    Key Takeaways:  Keep it simple, keep it low cost, and keep it low tax. Use index funds when you can because the performance of active funds that are trying to outperform the indices is not very good, and this historically goes back 100 years.  People don’t really have a lot of access to good financial advice as there aren’t a lot of advisors...

info_outline
 
More Episodes

In this episode, The Annuity Man and Ellie Saul discuss: 

  • Medicaid is better than selling your soul to lead selling companies
  • The three benefits that the non-inflation bill does for Medicare beneficiaries
  • Looking out for yourself by doing your own research 
  • Don’t surrender your rights 

 

Key Takeaways: 

  • If you need money back and you can’t afford your premiums, then opt in for Medicaid instead of giving your information to a company that promises to give you money for buying their insurance. They’re selling your information as leads to insurance companies, and they will not stop calling you. Remember that if it sounds too good to be true, it is. 
  • Here’s how the non-inflation bill benefits Medicare beneficiaries: one, it lowers the difference between your income for getting help which means medicare beneficiaries can make more and still get extra help for prescription medication. Second, there is now a maximum out-of-pocket limit for prescription drugs, specifically for Medicare beneficiaries. Third, Medicare can now negotiate pricing with drug manufacturers. 
  • For-profit companies are always looking out for their own interest, and educational meetings are not profitable for them. That’s why you have to do your own research. You have access to real information, but it’s going to be a bit like a treasure hunt. 
  • If you are anywhere close to Medicare age, statistically, you’ll live longer than anyone has ever lived. Turning 65 is legally referred to as a change of life event. Don't surrender your rights just because of the fear of missing out. 

 

"I want my insurance company to pay more for my care than for their CEOs. And that doesn't happen in the marketplace. But with Original Medicare, there's this one beautiful little part where we get more than we give at some point." —  Ellie Saul

 

 

Connect with Ellie Saul:

Website: https://www.mamabearmedicare.com/ 

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

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

YouTube: https://www.youtube.com/channel/UCWCg5pmr76wwEYSMRQUXblQ 

 

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!