Stop Complaining About Inflation: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
Release Date: 12/07/2022
Hire An Advisor That Grew Up Poor: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: People who grew up poor see money differently The difference is in the perspective Checking the background of your advisor Your retirement is not a game Key Takeaways: People who experience poverty see money differently and often have a healthy respect for it. It would hurt them personally to see money lost, even when it’s another person. A person who grew up rich isn’t necessarily going to be a bad financial advisor. However, there is a huge difference in perspective. People who grew up poor don’t...
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Terry Savage: The Savage Financial Truth in 2023
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man and Terry Savage discuss: The national debt will not default Speculating on bitcoin Inflation, debt, and layoffs An annuity is not an investment Key Takeaways: Stop panicking. The national debt will not default. Think rationally about this instead of listening to bad opinions on television. There’s no financial strategy for the end of the world, so it’s not really worth thinking about. Live your life. If you want to be a speculator, you might as well speculate on soybean futures or go to a casino and find your...
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3 Years In or 3 Years Out: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: Locking in for three years and over The top three safest money When to go for CDs and treasuries Key Takeaways: Ask yourself how long you want to lock the money in for. MYGAs provide the highest contractual guarantee if it’s three years and over compared to CDs and treasuries. The safest money out of all three would be treasuries, the second safest money is CDs, and the third safest would be MYGAs. Buy treasuries only from treasurydirect.gov. If you’re going to lock in money for three years and...
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Buy The Annuity Drink: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: You can afford the drink Stop making table lemonade Math is the medicine Taking baby steps Key Takeaways: You can afford the drink so go ahead and buy it. Don’t let the scars of scarcity control your life’s decisions. Live your life. Stop making table lemonade. Practices you’ve acquired while trying to survive scarcity are no longer necessary where you are now. Take a rational accounting of how much you really have, and don’t base your spending decisions on what you feel. Math is the medicine that...
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Bob Carlson: The Essential Guide to Retiring in 2023
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man and Bob Carlson discuss: Changes in 401k and IRA provisions Why you should spend time on income taxes Generating guaranteed lifetime income Be prepared to adapt your plan Key Takeaways: The Secure Act 2.0 gives provisions that are designed to make employer retirement plans more available and to get more employees participating in the plans. The required minimum distribution’s beginning age has also been bumped to 75, and catch-up contributions are being increased for IRAs and 401ks. People don’t spend enough...
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Scars of Scarcity: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: The fear of running out of money Solving the fear of running out Is FORO more important the FOMO? Using math to address FORO Key Takeaways: Most of us didn’t grow rich. We saw what it was like to live in scarcity, and today, many of us still carry those scars. Despite having millions or a portion of that, some people might still feel poor and fear running out of money. If you’re worried about running out of money or won’t have enough in your retirement, consider looking into strategies that...
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What To Know When Gap Filling Your Income: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: Income gap-filling strategies The period certain immediate annuity Multi-Year Guaranteed Annuities When should you take social security? Key Takeaways: Social security is the best inflation annuity on the planet. If you’re looking for strategies to fill the income gap between ages 63-70, 65-70, or 62-70, there are two contractual ways to do it. Buying a period certain immediate annuity means that the annuity company, instead of paying you for a lifetime like most people buy immediate annuities...
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Jay Zawatsky: What Really Is Money?
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man and Jay Zawatsky discuss: The definition of good money Why both fiat and bitcoin is bad money Retiring with gold and silver Jay’s personal investment strategy Key Takeaways: If you have money that can store the value of your labor and preserve its purchasing power over long spans of time, then it is good money. Throughout history, only one checked the box for both of those, and that’s gold. Any currency that can be created ex nihilo (out of nothingness) is bad money, and unfortunately, we’re plagued with a lot...
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Pivot Application Promise: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: The free look time period Shopping for the highest guarantee What annuity businesses should do Key Takeaways: Interest rates are moving significantly, but no one can truly know where it goes. However, annuities have a policy in place where people are given a time period where they can pivot or take their money back. You can go into an application, lock in the highest guarantee that exists at the moment, and in the future, if a different carrier offers a higher rate, you can pivot to that instead. Annuities are a...
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Annuity Strategies For Cognitive Decline: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: Everyone goes through cognitive decline Considering cognitive strategies Transferring risk through annuities Why you should plan for cognitive decline Key Takeaways: It doesn’t matter how sharp or healthy you are right now, everyone will go through cognitive decline eventually. Start considering cognitive strategies from a turnkey standpoint, whether it's for you, or whether it's for your spouse, or both, especially if you are already in the “slow-go” phase of retirement. Annuities are transfer of...
info_outlineIn this episode, The Annuity Man discussed:
- Should you worry about inflation?
- Annuity companies don’t give anything for free
- Inflation will not change your lifestyle
Key Takeaways:
- Stop complaining about inflation when it doesn’t affect you or about increasing prices when you can afford it.
- Annuity companies don’t give anything away. If there's a potential increase in your income, then the annuity company will severely and drastically lower the initial payment to compensate for that potential increase.
- The people that are really affected by inflation are the 60% of Americans who live paycheck to paycheck. Inflation is not going to change your lifestyle, and that’s a fact. You’ve scrimped, saved, and worked hard all your life, enjoy your life now.
"For people that are looking to place their money in annuities and investments and have nest eggs, 401 k's, and hundreds of thousands… do not bring up inflation with me. I will blast you - in a nice way. I will wake you up to reality." — Stan The Annuity Man.
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