loader from loading.io

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

“Fun With Annuities” The Annuity Man Podcast

Release Date: 04/17/2024

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
Stan The Annuity Man: Annuities and the Election show art Stan The Annuity Man: Annuities and the Election

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  Ensuring a stable retirement regardless of politics  How annuities are priced  Planning for political uncertainty  Tailoring annuities to your financial goals    Key Takeaways:  Annuities provide a guaranteed income floor regardless of political outcomes. Take emotions out of financial decisions, and focus on building an income floor for your retirement.  Life insurance companies primarily price annuities based on life expectancy. Although a Cost Of Living Adjustment can be attached to annuities,...

info_outline
Annuity Income: Return OF or ON Your Money?: Shootin' It Straight With Stan (TAM Classic) show art Annuity Income: Return OF or ON Your Money?: Shootin' It Straight With Stan (TAM Classic)

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  Lifetime income and principal protection  Return of your money  Peeling of the interest to solve income needs    Key Takeaways:  Annuities aren’t only for lifetime income, some products just protect the principal like a MYGA or a Fixed Annuity.  With lifetime income, annuity companies are on the hook to pay a return OF your principal plus interest as long as you are breathing.  Will peeling off the interest, never touching the principal, and getting a return ON your money solve your income...

info_outline
Is It a Good Time to Buy an Annuity?: Shootin' It Straight With Stan (TAM Classic) show art Is It a Good Time to Buy an Annuity?: Shootin' It Straight With Stan (TAM Classic)

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  When is it a good time to buy an annuity?  Are annuities for market growth?  Annuity sales tactics to be wary of    Key Takeaways:  Annuities aren’t for everybody. If you need to transfer risk, need contractual guarantees, or solve for principal protection, income for life, legacy, or long-term care, then it’s a good time to buy an annuity.  If your goal is market growth, then an annuity is not for you. Annuities are not market-growth products. When buying an annuity, you’re buying a contract,...

info_outline
Terry Savage: Chicken Money Is Still Tasty show art Terry Savage: Chicken Money Is Still Tasty

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Terry Savage discuss:  What is “chicken money”? Considering future crises in your financial plan  Seeking trusted advisors  Building an income floor    Key Takeaways:  Your “chicken money” is money that you can’t afford to lose. CDs, treasury bills, money markets, AAA municipal bonds, and MYGAs are suitable options. MYGAs and CDs are great for principal protection and tax deferral benefits. Focus on having an income floor and principal protection in retirement plans.  It’s important to consider...

info_outline
3 Years in or 3 Years Out for MYGAs and CDs: Shootin' It Straight With Stan (TAM Classic) show art 3 Years in or 3 Years Out for MYGAs and CDs: Shootin' It Straight With Stan (TAM Classic)

“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...

info_outline
Lifetime or Interest Income?: Shootin' It Straight With Stan (TAM Classic) show art Lifetime or Interest Income?: Shootin' It Straight With Stan (TAM Classic)

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  The right product for the right situation  What is lifetime income?  Income from interest    Key Takeaways:  An agent selling an annuity product as a one-size-fits-all product is like a doctor prescribing one medication for everyone. There is a right product for the right circumstance, and if a person doesn’t need an annuity, they shouldn’t be sold one.  Lifetime income is a transfer of risk pension product that an annuity company is contractually obligated to pay as long as you or your spouse are...

info_outline
 
More Episodes

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 go and that is especially true with annuities since the pricing mechanism is primarily based on life expectancy.. Annuities are contracts, you can’t time contracts. You buy contracts for the guarantees. 

 

"Nobody knows when the bell is gonna ring at the top or the bottom. Nobody can time it, especially with annuities." —  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!