Lifestyle Income Guarantees: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
Release Date: 05/03/2023
Reverse Engineer Annuities for Inflation: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: Products that adjust for inflation Thinking rationally about inflation Reverse-engineering annuity Key Takeaways: Many bad sales pitches out there mention a way to beat inflation using indexed products that adjust for inflation. What really happens is that the annuity company severely lowers the initial payment to make up for any potential increase. Think rationally about inflation. It’s customizable to everybody, meaning not everyone is affected the same way. Some are not even affected at...
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Income Riders vs. DIAs: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: What is an income rider? Buying based on your goal Addressing inflation with DIAs and Income Riders Key Takeaways: An income rider is an attachment to a policy; you can’t buy a standalone income rider. The only number that you have to focus on when you’re pitched an income rider is the contractually guaranteed payout number. When it comes to annuities, one is never better than another. They all have a benefit depending on what your personal goal is. You should shop for both Income Riders and DIAs...
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Bill Black: Life Insurance Facts You Need to Know Now
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man and Bill Black discuss: The problem with indexed policies that agents don’t often talk about Backtested numbers in the life insurance side Insurance is not an investment How do hybrid life insurance policies work Key Takeaways: An indexed policy is a loan, which is supposedly non-taxable. However, people aren’t told that interest is being paid out of the cash value of the policy and when it gets overwhelmed, the policy collapses under its own weight and becomes a forgiven loan. Forgiven loans are...
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Start Acting Annuity Rich (Wear a Suit!): Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: Acknowledging your wealth The scars of scarcity Should you be worried about inflation Setting up contractual guarantees Key Takeaways: Be rational about the wealth that you have. Don’t say you’re not rich if you are not one of the 40% of Americans today who have $400 to their name and are struggling. Acknowledge the wealth that you’ve earned. Many people have what can be called the “scars of scarcity.” Experiencing poverty in one’s youth or growing up amid an economic crisis tends to...
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Traditional or Reverse MYGA Ladder Strategies: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: Traditional laddering with MYGAs What is “reversing”? Traditional laddering and reversing Key Takeaways: You do a traditional 3-year, 4-year. 5-year ladder if you are hoping that rates will go higher. It’s a strategy you use when you want to have money as the rates are rising so that you can attach yourself and lock yourself in with those higher rates. Reversing is the opposite of laddering; you lock in the MYGA for 10, 9, 7, or 10, 7, or 5 years because the rates are falling. This is also...
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Stan The Annuity Man: Happy Birthday To QLACs
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: Why QLACs should be number one Three reasons to buy a QLAC The downsides of a QLAC Key Takeaways: If agent commission didn’t come into play, QLACs would be the number one best-selling annuity product. It’s simple, pro-consumer, and works; it’s a product that focuses on the “will do” and not the “might do.” It’s a guaranteed lifetime income rolled from your IRA, and can be deferred as far out as age 85. There are primarily three good reasons to buy a QLAC. First, you’ll get future income to...
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Create Your Own Pension: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: Transferring risk through annuities Single Premium Immediate Annuities Annuities are commodity products Structuring annuities to combat inflation Key Takeaways: Annuities are transfer of risk products. You are transferring the risk to the annuity company to pay as long as you’re breathing. Through annuities, you can create an income floor that you can never outlive. A SPIA or Single Premium Immediate Annuity is when you want income to start as soon as 30 days from the issuance of the policy...
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Don’t Be an Annuity Hypocrite: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: An advisor who’s an annuity hypocrite Annuities you might already own. “All annuities are ____” Key Takeaways: An advisor who says, “never buy an annuity” or “all annuities are ___” is an advisor that has lost all credibility. Don’t trust a hypocrite advisor. It’s highly likely that you already own an annuity. Some examples of an annuity you might already own are these: Social Securities, RMDs, and IRAs. One cannot broad brush the whole annuity industry. Saying all annuities are bad is...
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Stan The Annuity Man: The Psychology of Buying Annuities
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: The Annuity PILL Do you need an annuity? Is your money safe? Overcoming FOMO Key Takeaways: You own an annuity for what it will do, NOT what it might do. Remember the PILL acronym: principal protection, income for life, legacy, and long-term care. It's very simple to determine if you need an annuity period, and it comes down to two questions: What do you want the money to do contractually? And when do you want those contractual guarantees to start? The business model of insurance companies is...
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MYGAs are NOT Callable: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: What a MYGA isn’t and what it is What is a call feature? Locking in interest in MYGAs Key Takeaways: A MYGA is the annuity industry’s version of a CD. It’s a Multi-Year Guaranteed Annuity. It’s not an income annuity, and it’s not annualization. It’s when you give the money to the insurance company, and they contractually guarantee an annual yield for the duration you choose. In simple words, a call feature is if interest rates go down after you purchase a high-yielding bond or CD; some...
info_outlineIn this episode, The Annuity Man discussed:
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Lifestyle income guarantee
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Making time for what truly matters
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What’s your lifestyle number?
Key Takeaways:
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Annuities are the only category that provides income as long as you are breathing. There’s no ROI until you die. Since retirement is all about lifestyle, you’ve got to retire from the markets and put guarantees in place to sustain the life you want as long as you are breathing.
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Life is fleeting. Spend your precious days on things that are meaningful. Chapter two isn’t the time for stressing about politics or markets; it’s the time for you to be in the space of what truly matters, which is your life and your family.
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Your income floor is the amount of money you need to hit to pay the monthly bills, and your lifestyle income is the amount of money you need to live your life. If you’ve got your income floor covered, decide what your lifestyle income guarantee will be.
"That same vigor, that same patriotism, that same inner drive that you have for others and your family, I need you to have it for you. That's where lifestyle income guarantees come in." — Stan The Annuity Man.
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