“Fun With Annuities” The Annuity Man Podcast
Fun With Annuities® Podcast is hosted by America’s Annuity Agent, Stan The Annuity Man®. Hear brutal annuity facts with no sales pitches from the top independent agent in the country, licensed in all 50 states. Author of 7 books, Stan dives deep on all annuity types and strategies. It’s fun, learning the contractual truths on how annuities actually work and if they’ll fit your personal retirement lifestyle. Listen in on how you can be livin’ the reality, not the dream.
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You Already Won! Why Are You Still Playing?: Shootin' It Straight with Stan (TAM Classic)
07/24/2024
You Already Won! Why Are You Still Playing?: Shootin' It Straight with Stan (TAM Classic)
In this episode, The Annuity Man discussed: Not everyone needs to be exposed Bonds and market volatility Looking into lifetime income Questions to ask your advisor Key Takeaways: Financial advisors tend to advise their clients to do 60% equity and 40% bond split or that they always have some exposure, but it doesn’t apply to everybody. People who’ve won the game don’t have to keep playing. Bonds aren’t fool-proof; they go down in value if interest rates go up. If you’ve already accumulated enough to live the life you want and don’t want to tie yourself into any risks or volatility, then don’t. You have that option. If peeling off the interest rate isn’t an option for you, then why not look into lifetime income? You can structure your annuity where your money doesn’t have to go to the annuity company when you die. There are so many ways you can structure the contract in a way that achieves your goals. Advisors get paid assets under management, which is why they want you to dip into the market. Ask your advisor if you have enough money to live off. From a fiduciary standpoint, they’ll have to look at the money and tell you honestly if you are able to do that. "Plan for when you win the game to stop playing the game. Look up at the scoreboard; you won!" — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube:
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25% Annuity Bonus…Is It Real?: Shootin' It Straight with Stan (TAM Classic)
07/17/2024
25% Annuity Bonus…Is It Real?: Shootin' It Straight with Stan (TAM Classic)
In this episode, The Annuity Man discussed: Bonuses are not the true benefits Unethical practices that rush an annuity sale Focus on what really matters Key Takeaways: Upfront bonuses are merely a part of the contract rather than the true benefits they seem to be. Focus instead on the lifetime income guarantee, on the financial stability and predictability an annuity can offer. Agents sometimes tout bonuses rather than clarify the long-term financial implications of the annuity in order to close a deal. It is unethical and in some cases, could even cross the line into being illegal. Look past the smoke and mirrors of upfront bonuses and instead, search for the annuity with the highest contractual guarantee. These guarantees are what will determine the annuity's genuine value over the course of your retirement. "The only number that matters is the lifetime income guarantee that the company is backing up. All of the bonuses are just shiny things - candy for the stupid. Don't be that person. " — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Jason Fichtner: Understanding A Changing Retirement Landscape (TAM Classic)
07/16/2024
Jason Fichtner: Understanding A Changing Retirement Landscape (TAM Classic)
In this episode, The Annuity Man and Jason Fichtner discuss: Preparing for depletion Preaching to a hurricane Maximizing returns and minimizing risks The real danger zone Key Takeaways: There’s going to be depletion in combined trust funds in 2024. In response to this, you can delay claiming your social security until you absolutely need it, you can also save a little more - do anything to minimize the risk. People want a personal pension and a guaranteed paycheck for life, but they don’t want an annuity. That’s absurd, because that’s exactly what an annuity is and people have it already in the form of social security, because it’s such a good thing, they would want to have another one. We’ve trained people to be good investors, in that they must always ask how they can maximize returns. But there is no ROI in retirement, not until you die, so we need to keep talking about how minimizing the risks with annuities is the best way to go. The danger zone is complacency. We need to keep reframing and educating people on the truth about retirement and finances. People right now are not too crazy for annuities, and that’s not a good thing - because that means that it’s not being represented factually. "In retirement, we're not trying to maximize returns, we're trying to minimize risks - ensure that I have enough income to last for the rest of my life." — Jason Fichtner The Peak 65 Generation: Creating A New Retirement Security Framework: Connect with Jason Fichtner: Website: | Email: Connect with The Annuity Man: Website: Email: Book: : YouTube:
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Understanding Annuity Payout Options - Shootin' It Straight with Stan (TAM Classic)
07/10/2024
Understanding Annuity Payout Options - Shootin' It Straight with Stan (TAM Classic)
In this episode, The Annuity Man discussed: Annuities are customizable An example of life with cash refund What does it mean to get a joint-life policy Options and choices when getting an annuity Key Takeaways: A life-only contract means that the annuity company is on the hook to pay as long as you’re breathing, but the money goes away when you die. Life with cash refund means that you get paid while you’re alive, with some money going to your beneficiary when you die. A joint life policy means that you and your spouse will receive payments. When you die, their income continues uninterrupted and unchanged. There’s not just one annuity, there are many kinds, and there are also a lot of options when customizing your contract. "I want you to understand what you’re buying and how it works ‘cause remember, an annuity is a contract" — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube:
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Live off the Interest Until You Can’t: Shootin’ It Straight With Stan (TAM Classic)
07/03/2024
Live off the Interest Until You Can’t: Shootin’ It Straight With Stan (TAM Classic)
In this episode, The Annuity Man discussed: What does it mean to live off the interest? Living off guaranteed interest When interest rates go down If you can’t live off of the interest Key Takeaways: At the time of this taping, some money markets are 4, some CDs at five, and some MYGAs at five and a half. A lot of you out there have enough funds that whatever interests you can take off of those products is sufficient, and you never have to touch the principal. There's no guaranteed return with index annuities, variable annuities, or buffer annuities. That doesn’t mean they’re bad products, but if you can live off of a guaranteed interest, why not do that? When you lock in at a certain interest, it doesn’t matter if the interest rates go down in the market - you’ll benefit from what is contractually guaranteed. Suppose we can prove mathematically that we can’t hit your goal from living off of the interest. In that case, that’s when we’ll look for contractual guarantee products for lifetime income because they’ll provide a higher payback of your money. "You're going to ride that peeling off the interest as long as you can. You're gonna ride that train of never touching the principal and never paying a fee as long as you can, and if rates go down, then we will pivot " — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: YouTube: Get a Quote Today:
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John Olsen: Annuity Royalty Shares Wisdom (TAM Classic)
07/02/2024
John Olsen: Annuity Royalty Shares Wisdom (TAM Classic)
In this episode, The Annuity Man and John Olsen discuss: The suitability approach and consumer trust How the annuity industry can be better Approaching people who hate annuities Risk management and risk transfer Key Takeaways: There is a considerable certainty that companies out there are determined to give the right product to their clients. If you’re looking for a solution for your client, the agent should be able to show 3-10 companies that could get the client what they want and need. Improving your knowledge of annuities as an agent is simple: read the contract. Don’t rely on the marketing material, read the hard words. Here’s what you can do with risks: you either assume it, remove it, reduce it, or transfer it. Annuity allows you to transfer risks. "These are investments to a degree, but most annuities are risk management tools. There are a few things you can do with risks: assume it, remove it, reduce it, or transfer it… Transfer the risk, that’s what annuities do. Fixed annuities are all about guarantees." — John Olsen Check out John Olsen’s books here: Connect with John Olsen: Website: LinkedIn: Facebook: Connect with The Annuity Man: Website: Email: Book: : YouTube:
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Defer 2 SPIA (MYGA-2-SPIA): Shootin' It Straight With Stan (TAM Classic)
06/26/2024
Defer 2 SPIA (MYGA-2-SPIA): Shootin' It Straight With Stan (TAM Classic)
In this episode, The Annuity Man discussed: What are MYGAs and SPIAs? Annuities are contractual commodities MYGA to SPIA Key Takeaways: A MYGA, Multi-Year Guaranteed Annuity, is the annuity industry's version of a CD. The good news about MYGAs is that the interest rate is locked in and non-callable. This means that when interest rates go down, you’re going to be locked in. Annuities are contractual commodities, meaning that when you're buying them for the contractual guarantees, you can shop all carriers for the highest contractually guaranteed payout for your specific situation based on how you structure them. Through MYGAs, you can protect the principal, peel off interest, and retain liquidity. After the duration of the MYGA, we can then shop all SPIA carriers and transfer the MYGA to the SPIA. "You can have your cake and eat it too, you can protect the principle, you can peel off interest if needed during that duration of the MYGA, and at the end of that term, you have full control of the asset." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Annuity Fancy or Annuity Contractual?: Shootin’ It Straight With Stan
06/19/2024
Annuity Fancy or Annuity Contractual?: Shootin’ It Straight With Stan
In this episode, The Annuity Man discussed: The four main concerns that annuity addresses Why you should stay away from fancy annuities Things to consider when buying annuities Key Takeaways: Annuity contracts are designed to address four key concerns: principal protection, lifetime income, legacy planning, and long-term care. However, not all annuities are created equal. Fancy annuities often come with a host of fees and complicated rules that can make them difficult to understand and manage. On the other hand, contractual annuities offer the same guarantees without the added complexity, providing the peace of mind and financial security you need without the headaches. When considering an annuity, it's essential to weigh your options carefully and choose a product that aligns with your goals and values. By opting for a contractual annuity, you can enjoy the benefits of principal protection, lifetime income, legacy planning, and long-term care, all while keeping things simple and easy to understand. "I used to work with Dean Witter, Morgan Stanley, Paine Webber, UBS, where that was market-driven stuff. If you're going to be fancy, be fancy over there because you have real possibilities of real returns. With annuities, they're contracts. Never forget that. You cannot have your cake and eat it too." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Dana Anspach: Juicing Your Retirement Plan (TAM Classic)
06/18/2024
Dana Anspach: Juicing Your Retirement Plan (TAM Classic)
In this episode, The Annuity Man and Dana Anspach discuss: Juicing your retirement money How can you know if you’re “retirement-ready” What are some things you have to consider when setting up your retirement plan The four percent rule Key Takeaways: Don’t underestimate what more you can juice from your retirement plan. You might very well end up with hundreds of thousands of dollars by the end of it. You need to know what the risk factors are in the decumulation phase. Calculating the bigger picture of your retirement will help you make decisions that increase your probability of success and have peace of mind in the future. The reality is that you can’t spend just a solid percentage in your retirement fund, there are circumstances that would have to be accounted for - like needing to buy a car or having a health issue in the family. "People are so focused on accumulating assets, which is relatively easy compared to the math you have to solve when you start drawing money out.” — Dana Anspach Connect with Dana Anspach: Website: | Facebook: Podcast: LinkedIn: Twitter: | Books: Connect with The Annuity Man: Website: Email: Book: : YouTube:
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Annuity Contractual Guarantees Change Lives: Shootin’ It Straight With Stan
06/12/2024
Annuity Contractual Guarantees Change Lives: Shootin’ It Straight With Stan
In this episode, The Annuity Man discussed: Annuity solutions to retirement problems The four things that annuities solve for How annuities can give peace of mind, flexibility, and freedom Key Takeaways: Retirement can be a daunting prospect, with the uncertainty of how long your savings will last and the fear of running out of money. However, annuities offer a solution to these concerns by providing contractual guarantees. Annuities can solve for principal protection, ensuring that your initial investment is safe. They also provide income for life, allowing you to have a steady stream of income throughout your retirement years. Additionally, annuities can help leave a legacy for your loved ones and even cover long-term care expenses. By creating an income floor with annuities, retirees can have peace of mind knowing that their basic expenses are covered. This allows for greater flexibility and freedom in spending during retirement. "Contractual guarantees matter, and contractual guarantees change lives." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Annuity Doublers Gives Your Money Back Quicker When You Get Sicker: Shootin’ It Straight With Stan
06/05/2024
Annuity Doublers Gives Your Money Back Quicker When You Get Sicker: Shootin’ It Straight With Stan
In this episode, The Annuity Man discussed: What annuity doublers refer to The true story of annuity doublers Key Takeaways: Annuity “doublers” isn’t as lucrative as it seems. You become eligible for enhanced payment if you are found to be unable to do the five daily functions of life. The additional value given in enhanced payments is subtracted dollar for dollar from the accumulation value. So in essence, you’re not getting increased payments, you’re just getting your money back quicker as you get sicker. When considering buying annuities remember that insurance companies will never give away money for free. If an agent’s pitch sounds too good to be true, it is every single time. "You should never ever buy a lifetime Income Rider for the doubler because all that means is when you get sicker, you get your money back quicker." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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David Blanchett: Retirement Income Investing in a Low-Yield World (TAM Classic)
06/04/2024
David Blanchett: Retirement Income Investing in a Low-Yield World (TAM Classic)
In this episode, The Annuity Man and David Blanchett discuss: People’s irrational preference A gap between perceived and actual ability Is cryptocurrency going to last? Investing when there are low yields Key Takeaways: In theory, people should be indifferent between spending down their portfolio and living off of it - but investors aren’t always rational, they have a strong preference towards not depleting their portfolio, and they want to live off of the income. As you age, your probability of making a poor decision increases. At the same time, the gap increases between your perceived ability to make good decisions and your actual abilities. Blockchain technology is real, it has some potential public use but the value of cryptocurrency is effectively speculative and most investors are young people who have never seen market downturns. Don't focus on the fact that it could drop in value, focus on how it does in creating sustainable income. "The best thing you can do is to make 'easy buttons' and a way to enjoy retirement where you're not stressed out all the time when the market goes down." — David Blanchett Connect with David Blanchett: Website: LinkedIn: Connect with The Annuity Man: Website: Email: Book: : YouTube:
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There’s No ROI Until You Die With Lifetime Income Annuities: Shootin’ It Straight With Stan
05/29/2024
There’s No ROI Until You Die With Lifetime Income Annuities: Shootin’ It Straight With Stan
In this episode, The Annuity Man discussed: The four primary annuity types for lifetime income There’s no ROI until you die with lifetime income annuities Two important questions to consider when buying annuities Key Takeaways: There are four primary annuity types providing lifetime income: Single Premium Immediate Annuities, Deferred Income Annuities, Qualified Longevity Annuity Contracts, and Income Riders attached to products like Index Annuities and Variable Annuities. Lifetime income from annuities is a combination of return of principal plus interest, with the annuity company contractually obligated to pay as long as the buyer is breathing. When you're buying lifetime income, always ask two questions: what do you want the money to contractually do and when do you want those contractual guarantees to start? "Lifetime income stream is not an investment. This is a contract; a transfer of risk contract. I'm transferring the risk to solve for longevity risk - the fear of outliving your money." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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How the Annuity Sausage Is Made: Shootin’ It Straight With Stan
05/22/2024
How the Annuity Sausage Is Made: Shootin’ It Straight With Stan
In this episode, The Annuity Man discussed: The pricing mechanism of annuity products Annuities are commodity products Buy only the products that you understand Key Takeaways: Annuity pricing is primarily based on life expectancy, with interest rates playing a secondary role. Another key factor in annuity pricing is that annuity prices change based on capacity. Focus on the contractual guarantees when purchasing annuities, they are commodity products. So shop all carriers and find the highest contractual guarantee that is most suitable for your goal. Annuity products have the potential to become very complex. If you can’t explain it to a nine-year old, that means that you don’t understand it. If you don’t understand it, that means that you shouldn’t buy it. "When you're buying a lifetime income product, understand that life insurance companies have the big buildings for a reason, because they know when we're going to die and they're going to price things based on your life expectancy." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Roger Whitney: How To Rock Your Retirement (TAM Classic)
05/21/2024
Roger Whitney: How To Rock Your Retirement (TAM Classic)
In this episode, The Annuity Man and Roger Whitney discuss: The two retirement crises Balancing on the teeter-totter Before going into fancy tactical stuff Focusing on what you can control Key Takeaways: There are two retirement crises: one is when people don’t have enough money to pay the bills when they can’t work anymore. The other crisis is for people with many resources and options but doesn’t know the right thing to do. On the one hand, you should start having your best life today, and on the other hand, you also want to make sure that you’ll be alright when you live until 80 or 90. There’s tension between those two things, you’re standing in the middle of it all, and you have to cover yourself on both accounts. Start with what you want, then create a strategy that will make that feasible. Make it resilient so that you don’t get knocked off course and get too fancy tactics. Don’t waste your life trying to predict the future or reacting to every event. Instead, focus on things that will be useful to you, like building functional health - health that will enable you to spend time with family freely. "The majority of planning which feeds the mindset of this very uncertain world is always gonna default to denying today, and that’s not right because tomorrow isn’t promised to anyone. You gotta be a good steward. " — Roger Whitney. Connect with Roger Whitney: Website: Facebook: LinkedIn: YouTube: Twitter: Book: Podcast: Connect with The Annuity Man: Website: Email: Book: : YouTube:
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The Perfect Annuity Does Not Exist: Shootin’ It Straight With Stan
05/15/2024
The Perfect Annuity Does Not Exist: Shootin’ It Straight With Stan
In this episode, The Annuity Man discussed: Focusing on guarantees The best annuity Finding the annuity best suited for you Key Takeaways: Annuities are financial products that can provide a steady stream of income during retirement, but they come with both benefits and limitations. It's essential to approach annuities with a clear understanding of their purpose and to focus on the contractual guarantees they offer, rather than potential returns. When considering annuities, it's important to recognize that the best options are often Social Security and pensions.These provide reliable income streams that can form the foundation of a secure retirement. Avoid being swayed by hypothetical or theoretical scenarios presented by agents or advisors. Instead, compare each annuity product to determine which one best aligns with your retirement goals and needs. "When you get to the commercial side of annuities, there is no perfect annuity even though they're all pitched as such. They all have limitations and benefits. They all have good and bad." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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The Cost of Waiting to Purchase an Annuity: Shootin’ It Straight With Stan
05/08/2024
The Cost of Waiting to Purchase an Annuity: Shootin’ It Straight With Stan
In this episode, The Annuity Man discussed: Don’t time the market when buying annuities The cost of waiting for the perfect moment Key Takeaways: Don’t time the market when buying annuities. Instead of trying to find the perfect moment, determine whether you actually need an annuity by asking yourself what you want the money to do and when you want the guarantees to start. Delaying payments may result in higher guaranteed income, however, you have to look at the big picture by factoring all the payments you will miss while waiting for that ideal amount. "I know after decades in this business, you cannot time it. There is no sweet spot. There is no arbitrage moment, and there is a cost of waiting when you're trying to be that person. So do not be that person." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Steve Parrish: Rational and Phased Retirement Planning (TAM Classic)
05/07/2024
Steve Parrish: Rational and Phased Retirement Planning (TAM Classic)
In this episode, The Annuity Man and Steve Parrish discuss: People don’t understand annuities Preparing for diminished capacity Life expectancy is good and getting better Managing your retirement plan Key Takeaways: Annuities are not an investment, it’s a form of insurance that makes investments even better. Address problems in advance while you still can. Think about how your bills will be paid, how your money will be invested, and how it can be protected from being abused by others when the time comes that your capacity is diminished. Plan to live past the life expectancy age - especially these days where technology was forced to advance to cope with the pandemic. Retirement is not just an event, it’s a change in life. Think of the behavioral and emotional aspects of it, not just the money. But when it comes to money, keep these three things in mind: your social security, medicare, and your benefit pension plan. "Guess who the last person would be that knows that you have diminished capacity - you" — Steve Parrish Connect with Steve Parrish: Blog posts: Connect with The Annuity Man: Website: Email: Book: : YouTube:
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Always Reverse Engineer Annuity Income Quotes: Shootin’ It Straight With Stan
05/01/2024
Always Reverse Engineer Annuity Income Quotes: Shootin’ It Straight With Stan
In this episode, The Annuity Man discussed: Be strategic and efficient when purchasing annuities Reverse engineering annuity quotes Maximizing retirement income Key Takeaways: When it comes to purchasing annuities for retirement income, it's essential to be strategic and efficient with your money. This is why you should aim to use the least amount of money possible to meet your specific income goals. Rather than simply accepting the first quote you receive, reverse engineer quotes using specialized calculators at . By doing so, you can compare different carriers and find the one that is best suited for you. The key is to be strategic and efficient with your money and to work with a trusted expert who can guide you through the process. With the right approach, you can maximize your retirement income and enjoy a secure and comfortable future. "Use as little amount of money as possible to solve for the goal." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Keep Your Powder Dry Annuity Income Planning: Shootin' It Straight With Stan
04/24/2024
Keep Your Powder Dry Annuity Income Planning: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: The value of annuities for lifetime income planning Laddering strategy with annuities Placing an annuity inside a trust Key Takeaways: When it comes to planning for lifetime income, annuities can be a valuable tool. However, it's essential to approach annuities with strategies that allow for flexibility and the ability to adapt to changing circumstances. By purchasing multiple annuities with different start dates, you can create a steady stream of income that aligns with your needs over time. This approach, called laddering, allows you to adjust your income as your requirements change, providing a level of flexibility that a single annuity may not offer. By placing an annuity inside a trust, you can maintain control over the asset while still benefiting from the lifetime income it provides. This strategy can be particularly useful for those who want to ensure their assets are managed according to their wishes, even if they become incapacitated. "It's a keep your powder dry strategy, meaning that you can go into this with a plan in place for future income needs in the future. You know exactly to the penny what that's going to be. But if something changes between now and then, you can get all your money back because the underlying value walk away money is with that Indexed Annuity, which is a Fixed Annuity." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Gary Baker: The Growth of Group and Fee-Based Annuities
04/23/2024
Gary Baker: The Growth of Group and Fee-Based Annuities
In this episode, The Annuity Man and Gary Baker discuss: The Secure Act's role in making annuities more accessible within 401(k) plans Lifetime guaranteed income options within 401(k) target date funds The widespread inclusion of lifetime income options How annuities can alleviate pressure on Social Security Key Takeaways: The retirement landscape is evolving, and with the introduction of the Secure Act, annuities are becoming more accessible to a broader market through 401k plans. Employers can now offer annuities as an investment option, providing employees with the opportunity to secure guaranteed lifetime income. There are a lot of various options for integrating annuities into target date funds, including Variable, Indexed, and Fixed Annuities with income benefits. However, the adoption rate of these options remains low due to implementation challenges for small employers and the need for more education and support. Fee-based advisors are also starting to incorporate annuities into their portfolios, recognizing the demographic tidal wave of retirees seeking guarantees. Advancements in technology have made annuities more manageable within their existing practices, allowing them to better serve their clients' needs. As the demand for lifetime income options continues to grow, options too will become more commonplace in defined contribution plans within the next decade. This shift will positively impact the country and alleviate pressure on Social Security. "Financial advisors should know all the tools available, and then, depending upon the client’s specific situation, feel comfortable and put in the right spot that's in their best interest and the right thing to do." — Gary Baker Connect with Gary Baker: Website: Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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There’s NO Annuity Sweet Spot to Purchase: Shootin' It Straight With Stan
04/17/2024
There’s NO Annuity Sweet Spot to Purchase: Shootin' It Straight With Stan
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: Email: Book: : YouTube: Get a Quote Today:
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Transfer Your Risk to Annuity Contractual Guarantees: Shootin' It Straight With Stan
04/10/2024
Transfer Your Risk to Annuity Contractual Guarantees: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: What annuities solve for Transfer of risk The three phases of retirement Key Takeaways: Annuities solve for PILL: Principal protection, Income for life, Legacy, and Long-term care. There’s no G for growth, or R for Returns. If you want growth and returns, do not buy an annuity of any type. Annuities are bought for transferring risk. When you buy an annuity contract for lifetime income, the company will be on the hook to pay as long as you’re breathing. There are three phases of retirement: go-go, slow-go, and no-go. If you get to slow-go and no-go, you're going to need a long-term care confinement care type of transfer risk cover. "If you're not going into the annuity contract to transfer risk. Don't buy it." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Jamie Hopkins: Retirement Planning And The Why That Makes You Cry (TAM Classic)
04/09/2024
Jamie Hopkins: Retirement Planning And The Why That Makes You Cry (TAM Classic)
In this episode, The Annuity Man and Jamie Hopkins discuss: ROS - Return on Sleep From an accumulation to a decumulation mindset Living your retirement meaningfully Changing your relationship with money Key Takeaways: People often don’t care about optimal, people care about being happy. Giving people a good retirement experience, a Return On Sleep, is better than giving optimal results. Point your focus towards what you’re planning to work towards or what you want to acquire - accumulating money isn’t going to do you any good if you don’t convert it into anything that will make your retirement a joyful experience. If you go into retirement and end up not having any passion for anything or not having anything you care about, you’re not gonna have a great retirement - whatever it might be, find that piece that will make your retirement meaningful for you. That’s true wealth. Think about rewiring your preconceptions around money and wealth - it takes more than planning, it takes coaching and being aware of the misconceptions that you hold. "Would you give up all your money if it means that you’ll be happy for the rest of your life? Most people would say yes - that’s what we’re aiming for. Dollars are a means to an end." — Jamie Hopkins Connect with Jamie Hopkins: Website: LinkedIn: Twitter: Book: Connect with The Annuity Man: Website: Email: Book: : YouTube:
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You Already Own At Least 2 Annuities: Shootin' It Straight With Stan
04/03/2024
You Already Own At Least 2 Annuities: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: The best inflation annuity on the planet. The second annuity you already own RMDs are an annuity payment Key Takeaways: Annuities that adjust for inflation offered by the private sector have their initial payments drastically lowered to make up for the index increase. You don’t need to get that because you already own the best inflation annuity on the planet: Social Security. The second annuity you might already own is attached to your Individual Retirement Account. A 401k, 403b, or 457 are tax-deferred types that you’re eventually going to roll into an individual IRA. Your Required Minimum Distribution is also an annuity. It creates an annual lifetime income stream. As long as you have IRA assets, you’re going to have to take RMDs. "You definitely own one [annuity], you most likely own two and you could own three - so what does that mean to you? That income floor takes you through chapter two of your life." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Get Your Annuity Income Ducks in a Row: Shootin' It Straight With Stan
03/27/2024
Get Your Annuity Income Ducks in a Row: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: What retirement is all about The ducks that you may already have Annuity income ducks Key Takeaways: Retirement, or chapter two of your life, is the time that you need money hitting the bank account so that you can go live your life. This chapter is going to be all about you, about your lifestyle, and about reclaiming your health. The first income duck you have is the best inflation annuity on the planet: Social Security. If you have a pension from a company or the government, that’s another income duck as well. Legacy stocks and triple-A municipal bonds that pay tax-free income are also income ducks. Immediate Income Annuities, Deferred Income Annuities, and Qualified Longevity Annuity Contracts are all lifetime income products. Multi-Year Guarantee Annuities where you can just peel off interest and not touch the principal are also annuity income ducks. "The mother duck is Social Security. Pension payments, annuity type payments, bond payments, CD payments, Multi-Year Guarantee Annuity interest payments, those types of things are the ducks behind them." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Marcia Mantell: Cookin' Up Your Retirement Plan
03/26/2024
Marcia Mantell: Cookin' Up Your Retirement Plan
In this episode, The Annuity Man and Marcia Mantell discuss: The value of simplicity in understanding financial concepts Getting ready for the emotional aspect of retirement The key to financial success in retirement The importance of creating an estate plan Key Takeaways: If you can’t explain a concept or product simply to somebody who doesn’t live in your industry, then you don’t understand that concept or product enough. You are going to retire someday, you have to be ready for not only the financial aspect but also the emotional aspect of retirement. This includes the loss of structure and social interactions. You will need to take the lead in creating new routines, new structures, and connections in chapter two of your life. The key to financial success in retirement is knowing how much you spend. The terms “essential expenses” and “discretionary expenses” simply mean “how much you have to spend” and “how much you want to spend.” Focus on having a good estimate of how much you spend each year and start there. Everyone who’s still living needs to create an estate plan. Make your own funeral plans and decisions. Leave your children or family with an inheritance and a legacy rather than with financial and emotional burdens. "The key to financial success in retirement, in my humble opinion, is not what products you have or how great your investment strategy is. It's knowing how frickin much you spend." — Marcia Mantell Connect with Marcia Mantell: Website: LinkedIn: Twitter: Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Your Retirement Plan Is Not an Annuity Game: Shootin' It Straight With Stan
03/20/2024
Your Retirement Plan Is Not an Annuity Game: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: The standard of a fiduciary Your retirement is not a game Annuities as guarantees and as commodities Key Takeaways: Be wary of people in the annuity industry who sell one product to every type of person. In most cases, the product they’re selling is the highest commission product. The annuity you buy has to be aligned with the goal you want to set for chapter two of your life. Some advisors look at annuities like it’s a game, thinking only about making the most amount of money by selling the most amount of policies that they can to anybody they meet. Meanwhile, you’ve worked your whole life to get to your chapter two. Your retirement is not a game. Annuity policies are contracts so you should shop all carriers for contractual guarantees only. When you do that, you completely turn the products into commodities, which means we can shop all carriers for the highest contractual guarantee for your specific situation. "You have to fully understand that this is not a game. Annuity policies are contracts… shop all carriers for the highest contractual guarantee for your specific situation." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Annuity Decisions Should Be Simple & Contractual: Shootin' It Straight With Stan
03/13/2024
Annuity Decisions Should Be Simple & Contractual: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: Buying contractual guarantees Keeping it simple with annuities Annuities that adjust for inflation Key Takeaways: Buy annuities only for their contractual guarantees. Don’t buy an annuity for hypothetical, theoretical, back-tested returns. Don’t buy an annuity for the upfront bonus. Buy an annuity for what it will do, not what it might do. Annuities are supposed to be simple. You should understand your annuity contract enough to be able to explain it to a nine-year-old. Annuity companies don't give away Cost of Living Adjustments or potential index increases, and instead severely lower the initial payment compared to the same annuity without those potential increases. "Annuity decisions should be simple and contractual, they have to be both. They can’t be one or the other." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Andy Panko: Financial Planning Demystified and Unemotional (TAM Classic)
03/12/2024
Andy Panko: Financial Planning Demystified and Unemotional (TAM Classic)
In this episode, The Annuity Man and Andy Panko discuss: How advisors should construct their fees The complexity of decumulation Making the plan as good as it can be Cryptocurrency is a lottery ticket Key Takeaways: The work isn’t linear to the asset size; advisors shouldn’t make more money just because assets go up. In the same way, advisors shouldn’t be paid less just because the markets go down. They’re still doing the same amount of work and providing the same services. Investment management, even good investment management, has become increasingly cheap, easy, and commoditized to do and do well. Decumulation is much more complex. Try to make the plan as good as it can be initially, accounting for unpredictable events. So try to structure your plan as best as possible to account for times of distress. Get all things working cohesively - it’s not just investments, insurance, real estate - it’s everything, including guaranteed lifetime income. Cryptocurrency has zero intrinsic value. Its value is 100% on simple auction market pricing; it’s only worth as much as what someone is willing to pay for it. You can invest a small portion into it, but only if you’re comfortable that the value could go to zero. Treat it like a lottery ticket. "Most people can do accumulation well; it’s the decumulation where things get a little more tactical and complicated…" — Andy Panko. Connect with Andy Panko: Website: Facebook: YouTube: LinkedIn: Twitter: Connect with The Annuity Man: Website: Email: Book: : YouTube:
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