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4 Words: Shootin' It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

Release Date: 03/01/2023

The Perfect Annuity Does Not Exist: Shootin’ It Straight With Stan show art The Perfect Annuity Does Not Exist: Shootin’ It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  Focusing on guarantees  The best annuity  Finding the annuity best suited for you    Key Takeaways:  Annuities are financial products that can provide a steady stream of income during retirement, but they come with both benefits and limitations. It's essential to approach annuities with a clear understanding of their purpose and to focus on the contractual guarantees they offer, rather than potential returns. When considering annuities, it's important to recognize that the best options are often Social...

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The Cost of Waiting to Purchase an Annuity: Shootin’ It Straight With Stan show art The Cost of Waiting to Purchase an Annuity: Shootin’ It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  Don’t time the market when buying annuities The cost of waiting for the perfect moment    Key Takeaways:  Don’t time the market when buying annuities. Instead of trying to find the perfect moment, determine whether you actually need an annuity by asking yourself what you want the money to do and when you want the guarantees to start. Delaying payments may result in higher guaranteed income, however, you have to look at the big picture by factoring all the payments you will miss while waiting for that ideal...

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Steve Parrish: Rational and Phased Retirement Planning (TAM Classic) show art Steve Parrish: Rational and Phased Retirement Planning (TAM Classic)

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Steve Parrish discuss:  People don’t understand annuities Preparing for diminished capacity Life expectancy is good and getting better Managing your retirement plan   Key Takeaways:  Annuities are not an investment, it’s a form of insurance that makes investments even better. Address problems in advance while you still can. Think about how your bills will be paid, how your money will be invested, and how it can be protected from being abused by others when the time comes that your capacity is diminished. Plan to live past...

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Always Reverse Engineer Annuity Income Quotes: Shootin’ It Straight With Stan show art Always Reverse Engineer Annuity Income Quotes: Shootin’ It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  Be strategic and efficient when purchasing annuities  Reverse engineering annuity quotes  Maximizing retirement income    Key Takeaways:  When it comes to purchasing annuities for retirement income, it's essential to be strategic and efficient with your money. This is why you should aim to use the least amount of money possible to meet your specific income goals. Rather than simply accepting the first quote you receive, reverse engineer quotes using specialized calculators at . By doing so, you can compare...

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Keep Your Powder Dry Annuity Income Planning: Shootin' It Straight With Stan show art Keep Your Powder Dry Annuity Income Planning: Shootin' It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  The value of annuities for lifetime income planning  Laddering strategy with annuities  Placing an annuity inside a trust    Key Takeaways:  When it comes to planning for lifetime income, annuities can be a valuable tool. However, it's essential to approach annuities with strategies that allow for flexibility and the ability to adapt to changing circumstances. By purchasing multiple annuities with different start dates, you can create a steady stream of income that aligns with your needs over time. This...

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Gary Baker: The Growth of Group and Fee-Based Annuities show art Gary Baker: The Growth of Group and Fee-Based Annuities

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Gary Baker discuss:  The Secure Act's role in making annuities more accessible within 401(k) plans Lifetime guaranteed income options within 401(k) target date funds The widespread inclusion of lifetime income options How annuities can alleviate pressure on Social Security   Key Takeaways:  The retirement landscape is evolving, and with the introduction of the Secure Act, annuities are becoming more accessible to a broader market through 401k plans. Employers can now offer annuities as an investment option, providing employees...

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There’s NO Annuity Sweet Spot to Purchase: Shootin' It Straight With Stan show art There’s NO Annuity Sweet Spot to Purchase: Shootin' It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  Annuities are contracts  The perfect time to buy an annuity  You can’t time contracts   Key Takeaways:  There is no "sweet spot" to purchase annuities, as all types have contractual guarantees that should be analyzed. Remember that annuities are contracts, not investments. The perfect time to buy an annuity is when the contractual guarantees make sense to you and when they fit that gap for principal protection, income for life, legacy, and long-term care.  Nobody knows where interest rates are going to...

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“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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“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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“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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More Episodes

In this episode, The Annuity Man discussed: 

  • The four words you must focus on 

  • The difference between a CD and a MYGA

  • Seize the day with these interest rates

  • What should you do when the rates go down? 

 

Key Takeaways: 

  • In the current interest-rate environment that we’re in, between CDs, treasuries, and multi-year guaranteed annuities, allow many of you out there to live off of contractually guaranteed interests. 

  • MYGAs are the annuity industry’s version of a CD. The difference between a Maiga and a CD is that in a non-IRA account, the Maiga interest grows and compounds tax-deferred. Also, CDs are issued by banks and brokerage firms, while MYGAs are issued by insurance companies that issue annuities. 

  • Seize the day with these interest rates. No one knows where they’re headed, but right now, at the time of this episode’s taping, they’re in a really good place. 

  • Don’t try to predict the future. Live for today and take the contractually guaranteed rates that are available. If they go down in the future, then you may think about how you could pivot by buying an immediate annuity to make up for that loss. 

 

"if you have an asset base where you can combine annuities, MYGAS, CDs, and treasuries and live off the interest, why wouldn't you? Why wouldn't you do that?" —  Stan The Annuity Man.

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!