loader from loading.io

Don’t Buy Annuity Hypothetical Returns: Shootin' It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

Release Date: 02/28/2024

Tailoring Fixed Index Annuities to Your Specific Goals: Shootin’ It Straight With Stan show art Tailoring Fixed Index Annuities to Your Specific Goals: Shootin’ It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  The purpose of Fixed Index Annuities  Buying only for contractual guarantees  Why some agents oversell Index Annuities  Understanding contractual guarantees    Key Takeaways:  Fixed Index Annuities are designed for principal protection and lifetime income, not market growth.  Buy annuities only for contractual guarantees not for upfront bonuses or agent projections. Index Annuities are complex products often oversold by agents for high commissions. Buyers should thoroughly understand...

info_outline
Steve Parrish: Why QLACs Will Rival Roth IRA Popularity show art Steve Parrish: Why QLACs Will Rival Roth IRA Popularity

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Steve Parrish discuss:  What are QLACs?  Transferring longevity risks  Creating a secure income floor in retirement  How annuities are priced    Key Takeaways:  QLACs (Qualified Longevity Annuity Contracts) are a pro-consumer annuity product that allows transferring longevity risk by using IRA assets for lifetime income guarantees via insurance companies. Longevity risks require pooling mortality credits via longevity annuities from highly-rated carriers to ensure lifelong income. QLACs provide a secure...

info_outline
Avoiding Common Pitfalls With Annuity Purchases: Shootin’ It Straight With Stan show art Avoiding Common Pitfalls With Annuity Purchases: Shootin’ It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  Focusing on contractual guarantees What annuities solve for  Common annuity pitch traps    Key Takeaways:  Avoid non-guaranteed hypotheticals and focus on contractual guarantees when considering annuities. Buy annuities for specific needs like principal protection, income, long-term care, or legacy, not for market returns. Be wary of urgency sales pitches, steak dinner seminars, advisors behaving like friends, backdated performance illustrations, promised market participation with no downside, upfront bonuses,...

info_outline
Fixed Annuities Explained: Which One Is Right for You?: Shootin’ It Straight With Stan show art Fixed Annuities Explained: Which One Is Right for You?: Shootin’ It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  Transferring risk through annuities  The annuity PILL  Annuities are for guarantees and not growth    Key Takeaways:  Fixed Annuities provide lifetime income by transferring longevity risk to insurance companies. They offer over 40 different structures, such as life/joint life with cash/installment refund. Buy annuities only if your goal is any of these: principal protection, lifetime income, legacy options, and long-term care coverage. Annuities are contracts. They are bought for contractual guarantees...

info_outline
Jack Lenenberg: New LTC Product to Disrupt the Industry show art Jack Lenenberg: New LTC Product to Disrupt the Industry

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Jack Lenenberg discuss:  Annuities and long-term care  The three primary types of long-term care coverage  Tailored long-term care  Planning for the future    Key Takeaways:  Annuities provide principal protection, lifetime income, legacy planning, and long-term care coverage for uninsurable individuals. Long-term care insurance providers offer cash indemnity benefits without requiring receipts for paid caregivers. The three primary types of long-term care coverage are traditional standalone long-term care...

info_outline
The Annuity Truth About Bonuses, Rates, Caps & Spreads: Shootin’ It Straight With Stan show art The Annuity Truth About Bonuses, Rates, Caps & Spreads: Shootin’ It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  Annuity marketing gimmicks  The complexity of Indexed Annuities  What annuities are for    Key Takeaways:  Bonuses for annuities are marketing gimmicks and provide no real value. Contractual guarantees are the most important aspect of annuities. Indexed annuities are complex products with components like caps, spreads, and participation rates that limit upside gains. These components can change annually, making the product difficult to understand. Annuities are designed for risk transfer through...

info_outline
Annuity Tips: The Annuity Man’s Index Annuity Strategies: Shootin’ It Straight With Stan show art Annuity Tips: The Annuity Man’s Index Annuity Strategies: Shootin’ It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  How to use Indexed Annuities efficiently  The two sides of an indexed annuity  Focusing on what annuities really do    Key Takeaways:  Indexed Annuities can be used as an efficient delivery system for Income Riders, which provides guaranteed lifetime income. There are two sides to an Indexed Annuity: the accumulation value (hopes and dreams) and the income rider amount (guaranteed lifetime income). Focus on contractual guarantees and avoid misleading information. Don’t attend seminars that offer...

info_outline
Pam Krueger: The Best Wealthramp on How to Roll Your 401K or IRA show art Pam Krueger: The Best Wealthramp on How to Roll Your 401K or IRA

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Pam Krueger discuss:  Finding fiduciary financial advisors  Customizing an annuity according to your goal  Rejecting pushy pitches from agents  Avoiding costly mistakes through education    Key Takeaways:  Seek independent, fee-only, fiduciary advisors focused solely on your interests, not commissions or product sales.  Avoid one-size-fits-all annuity recommendations; annuities should be evaluated based on individual needs and financial situations. Take advantage of the one-year do-not-solicit period...

info_outline
Annuity Strategies Across the Political Spectrum: Shootin’ It Straight With Stan show art Annuity Strategies Across the Political Spectrum: Shootin’ It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  Pragmatic approach to financial planning How annuities are primarily priced Four primary benefits of annuities  Closing the gap with annuities   Key Takeaways:  Prepare for either party leadership scenarios to ensure financial stability. Approach financial planning with a pragmatic mindset, always employing the use of research and contractual guarantees.  Life expectancy drives lifetime income from annuities. Annuities are commodity products, and their guarantees change based on market conditions and demand. If...

info_outline
Retire From Both Work & the Markets: Shootin' It Straight with Stan (TAM Classic) show art Retire From Both Work & the Markets: Shootin' It Straight with Stan (TAM Classic)

“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...

info_outline
 
More Episodes

In this episode, The Annuity Man discussed: 

  • Annuities are contracts 

  • How Indexed Annuities should be used 

  • Don’t buy an annuity for market returns 

 

Key Takeaways: 

  • To say that something is “guaranteed and backtested” means that there is nothing guaranteed at all. Annuities are contracts, buy them for what they will do and not what they might do. 

  • Indexed Annuities have the potential to go down in value, but they can be used as an efficient delivery system for guaranteed lifetime income through an income rider attachment. 

  • If you want market returns, never buy an annuity. Annuity solves for four things: Principal protection, Income for life, Legacy, and Long-term care. 

 

"Do not buy the annuity dream because you're gonna own the contractual reality." —  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!