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Rick Ferri: Core-4 Portfolios for Simplistic Success (TAM Classic)

“Fun With Annuities” The Annuity Man Podcast

Release Date: 07/30/2024

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“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...

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“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...

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“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...

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“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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“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  An overview of Deferred Income Annuities Finding the best fit  Income Riders attached to Indexed Annuities   Key Takeaways:  DIAs are essentially single premium immediate annuities deferred past one year. It has no moving parts, no annual fees, and no market attachment, making it a straight transfer of risk for lifetime income. DIAs can be used in Roth and traditional IRAs, and are taxed based on the account type. DIAs are efficient, no-cost, no-fee transfer-risk pension products that can be deferred for up to 40...

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In this episode, The Annuity Man discussed:  Why are Indexed Annuities sold in a misleading way?  Indexed Annuities are not growth products  What annuities are for    Key Takeaways:  Because Indexed Annuities are a high-commission product for agents, they are often promoted in a misleading manner, obscuring their true nature and limitations. Indexed Annuities are not growth products, they are designed for principal protection, CD-type returns, and Income Riders. Indexed Annuities lack dividends, limiting their potential for growth. When it comes to...

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“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  The Annuity PILL Choosing an annuity carrier Putting the client’s best interest first The future of the annuity industry   Key Takeaways:  The acronym PILL stands for Principal Protection, Income for life, Legacy, and Long-term care. If you don’t need to contractually solve for one or more of those items in the PILL, then you don’t need an annuity of any type. Never buy an annuity for market growth.  Once you’ve determined what you want the money to contractually do and when you want the guarantees to start,...

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“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:  The Annuity PILL The best inflation annuity  Annuities are a transfer of risk   Key Takeaways:  Annuities provide lifetime income, principal protection, legacy planning, and long-term care benefits. If you’re not solving for any of those, then you don’t need an annuity.  Social Security is the best inflation annuity and you can use it along with pensions to establish an income floor.  Annuities offer contractually guaranteed solutions by transferring risk to insurance companies. "Remember that...

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In this episode, The Annuity Man and Rick Ferri discuss: 

  • Outperforming 90% of investors 

  • Developing a simple portfolio 

  • Five ways to improve your portfolio

  • Facing the risks

 

Key Takeaways: 

  • Investing is not as difficult as others would have you believe. The best way to invest is to keep things simple; the fewer moving parts, the better. 

  • Develop a simple portfolio that will hold four funds, two stock funds, and two bond funds. The bond funds have to be some fixed income type of allocation, while on the stock side, you do a stock market index fund and a total international fund. 

  • Are you going to be active or passive? Select a portfolio strategy. Determine whether you’re going to be aggressive or conservative and assess if you need a higher rate of return and if you can handle high volatility. 

  • In bad times, remember that “this too shall pass.” Investing doesn’t come without risk. Everything in life has risks. Even burying your money has a risk; inflation will eat away at its value. It’s better just to face the risk.

 

"The idea is simplicity. Be simple, be low-cost, be consistent, stay the course, be tax-efficient." —  Rick Ferri.

 

 

Connect with Rick Ferri:

Website: https://rickferri.com/ 

Facebook: https://www.facebook.com/TheIndexer/ 

LinkedIn: https://www.linkedin.com/in/rick-ferri-b6994010/ 

Twitter: https://twitter.com/Rick_Ferri 

Books: https://www.amazon.com/Richard-A.-Ferri/e/B001IGJTE8%3F 

 

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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