Pam Krueger: The Best Wealthramp on How to Roll Your 401K or IRA
“Fun With Annuities” The Annuity Man Podcast
Release Date: 10/08/2024
“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“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“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“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“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“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“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)“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“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)“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_outlineIn this episode, The Annuity Man and Pam Krueger discuss:
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Finding fiduciary financial advisors
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Customizing an annuity according to your goal
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Rejecting pushy pitches from agents
-
Avoiding costly mistakes through education
Key Takeaways:
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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.
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Take advantage of the one-year do-not-solicit period after rolling over a 401(k) to an IRA to avoid urgent pitches from agents pushing specific products.
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Thoroughly educate yourself, analyze the product, and seek a second opinion before committing large sums to annuities to avoid costly mistakes.
"People know when they're looking for advice, they want a fiduciary. They want someone who's fee-only because they want someone who works only for them, not someone who sells insurance or sells mutual funds" — Pam Krueger
Connect with Pam Krueger:
Website: https://wealthramp.com/ | https://www.pamkrueger.com/
LinkedIn: https://www.linkedin.com/in/pamkrueger/
Twitter: https://twitter.com/PamkruegerTV
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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