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Chuck Jaffe: Top Money & Life Topics for 2024

“Fun With Annuities” The Annuity Man Podcast

Release Date: 01/30/2024

4 Contractual Paths to Income Later: Shootin' It Straight With Stan show art 4 Contractual Paths to Income Later: Shootin' It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  4 contractual paths to future income  Factors that affect the suitability of a plan for your situation  Immediate Annuities  No free lunch    Key Takeaways:  There are 4 main contractual paths to achieve future income: 1) Buying an immediate annuity when income is needed, 2) Using a "My Go-To SPIA" Fixed-Rate Annuity, 3) Purchasing a deferred income annuity (DIA), and 4) Buying an Indexed Annuity with an Income Rider. Each of the 4 options has its own advantages and disadvantages, and the best choice...

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“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  Should you complain about inflation?  The people actually impacted by inflation  Annuity products that provide solutions for inflation  Avoiding media influence regarding inflation    Key Takeaways:  Stop complaining about inflation. For those who have worked hard and saved, higher prices for groceries and gas are manageable. Focus on living your life to the fullest rather than worrying about inflation. Recognize the reality that 60% of Americans are living paycheck-to-paycheck and are severely...

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“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  Using annuities to create a pension  The best inflation annuity  Focusing on guarantees    Key Takeaways:  Annuities can be used to create a personal pension that provides a guaranteed lifetime income stream, similar to a traditional pension. The main annuity types discussed are Single Premium Immediate Annuities (SPIAs), Deferred Income Annuities (DIAs), Qualified Longevity Annuity Contracts (QLACs), and Income Riders. Social Security is considered the best inflation annuity and pension, and no commercial...

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“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  Options that annuities provide Living off interest  When to annuitize  Laddering interest rate movements    Key Takeaways:  Annuities provide more options than just immediate lifetime income annuities. There are various types like Multi-Year Guarantee Annuities, Index Annuities, Variable Annuities, and Deferred Income Annuities that can be used for different income needs. With current interest rates, it may be possible to live off the interest from a portfolio of fixed-rate annuities and CDs without having...

info_outline Strategic Retirement Planning Using Annuities: Shootin’ It Straight With Stan show art Strategic Retirement Planning Using Annuities: Shootin’ It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  The Annuity Pill Questions to ask when considering an annuity  Annuities are contracts    Key Takeaways:  Remember the acronym PILL, as the four primary things that annuities solve for. P stands for principal protection, I stands for income for life, the first L stands for legacy, and the other L stands for long-term care.  When considering an annuity, ask yourself these two important questions: “What do you want the money to contractually do?” and “when do you want those contractual guarantees to...

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“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  Buy only what you understand Don’t fall for bad sales tactics  Seeking the facts    Key Takeaways:  Annuities should be simple and easily understandable; if not, avoid purchasing them. Don't fall for misleading sales tactics, bonuses, or unrealistic projections from agents motivated by personal gain. There are extensive options for index annuities, but few experts; exercise caution, do not trust sales pitches, and seek factual information from credible sources.   "If you can't explain it to a...

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“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  Annuities are DIY products  Focusing on contractual guarantees  What annuities solve for    Key Takeaways:  Annuities are do-it-yourself products that allow self-management without advisor fees. Annuities provide contractual guarantees, and shopping for carriers with the best rates is important. Annuities are for do-it-yourselfers focused on contractual guarantees, not hypotheticals, sales pitches, or hype. Annuities can solve principal protection, income for life, legacy, and long-term care needs for...

info_outline Interest Rates & Annuities: Shootin' It Straight With Stan show art Interest Rates & Annuities: Shootin' It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  How lifetime income is priced  Don’t time annuity purchases  Laddering annuities    Key Takeaways:  Lifetime income annuities are primarily based on your life expectancy. Interest rates play a secondary role in the pricing.  Higher interest rates will positively impact annuity pricing. Don't try to time the market for annuity purchases; base decisions on contractual guarantees. Consider laddering annuity purchases to take advantage of future pricing changes.   "Remember, lifetime income...

info_outline MYGA-2-SPIA for Full-Control Annuity Income: Shootin' It Straight With Stan show art MYGA-2-SPIA for Full-Control Annuity Income: Shootin' It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  What a MYGA and SPIA is  MYGA to SPIA Strategy  Flexibility and Control    Key Takeaways:  MYGA is the annuity industry's version of a CD, offering locked-in, non-callable interest rates annually. SPIA is the original lifetime income annuity, with a long history dating back to Roman times and used for pension payments. Use a MYGA to lock in a guaranteed interest rate for a specific duration, such as five years then take out interest or up to 10% penalty-free, depending on the specific MYGA. At the end of the...

info_outline Enhancing Your Retirement Plan With Annuities: Shootin’ It Straight With Stan show art Enhancing Your Retirement Plan With Annuities: Shootin’ It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  What annuities are for  Establishing an income floor  How to actually adjust for inflating needs  Securing an income stream through annuities    Key Takeaways:  Annuities provide contractual guarantees for principal protection, lifetime income, legacy, and long-term care (PILL acronym), offering advantages over market investments focused solely on growth. Prioritize establishing an income floor or guaranteed income stream, particularly through fixed annuities, to cover essential expenses in...

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More Episodes

In this episode, The Annuity Man and Chuck Jaffe discuss: 

  • Politics and economy 

  • Looking into how inflation affects you 

  • How Indexed Annuities should be used 

  • The question for cryptocurrency 

 

Key Takeaways: 

  • Politics don’t create the economy. There are a lot more factors that go into it than just who is in power. Economic forecasts sometimes become inaccurate because there is a huge disconnect between how we feel and how we’re doing. 

  • Don’t let the news dictate what you truly feel. Try to honestly assess how inflation is affecting your life because inflation is not that bad for those who have and are much worse for people who have not. 

  • Indexed Annuities are often pitched in misleading ways but they are good products if the consumer is taught their true features and function. They can be used as a great delivery system for income rider guarantees when future income is the goal of the client and it beats the deferred income annuity quote. 

  • The biggest question we must ask about cryptocurrency is this: “What problem does it solve?” The value of cryptocurrency is determined by what the market makes of it. It doesn’t have any value yet except that. Blockchain technology is much more worthy of investment. 

 

"Keep in perspective where money is supposed to be. You didn't make it to save it. You didn't make it to be buried. The richest man in the graveyard is not the happiest man before he got there." —  Chuck Jaffe

 

 

Connect with Chuck Jaffe:

Website: http://moneylifeshow.com/

Podcast: https://moneylifeshow.libsyn.com/ 

Twitter: https://twitter.com/ChuckJaffe 

 

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 

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