“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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056: Paul Merriman: We’re Talking Millions
05/11/2021
056: Paul Merriman: We’re Talking Millions
In this episode, The Annuity Man and Paul Merriman discuss: Making decisions that are in your, individual, best interest. Understanding what you’re trying to achieve and what you want to do with your investments in the market. Navigating the forks in the savings road. Finding your good enough return. Key Takeaways: To be a successful long-term investor, you have to shut out all of the noise. There is always a good news list and a bad news list for all market decisions. Stay in your lane - investing takes time. Every stock has reason to buy, and every stock has reason to sell. If they didn’t, there would be no trade. "The biggest enemy, and I think every professional believes this, the biggest enemy that we have is what we believe and how we respond to the biases we have. We think that what's happened recently has way more importance than what happened before. " — Paul Merriman Connect with Paul Merriman: Website: Paul’s Books: Email: LinkedIn: Show: YouTube: Twitter: Facebook: Connect with The Annuity Man: Website: Email: Book: YouTube:
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055: Gary Baker: The Annuity Data Maker
05/04/2021
055: Gary Baker: The Annuity Data Maker
In this episode, The Annuity Man and Gary Baker discuss: The pricing of lifetime income. How mortality tables (life expectancy tables) work and function within annuities and life insurance. The future of the annuity industry. How Cannex works with carriers and some of the challenges with doing so. Key Takeaways: You buy a life insurance contract in the event that you die too soon, you buy an annuity in the event that you live too long. Annuity companies don’t give anything away. If you add things onto your contract (like cost of living adjustments or cash refund options), it will change your payments. The annuity contract has been built to provide four basic types of insurance (but not all at once): tax deferral, death benefit, guaranteed income, and growth insurance. It helps to have human, eyeball to eyeball, contact with these annuity products to ensure you are getting the best thing for your individual situation. "If you're looking to take advantage of some of these other unique features, for maybe more complex planning needs, you have to go to the specialist that's going to kind of configure the product for you at the end of the day." — Gary Baker Connect with Gary Baker: Website: Connect with The Annuity Man: Website: Email: Book: YouTube:
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054: Barry Dyke: Markets, Risk, and Retirement Income
04/27/2021
054: Barry Dyke: Markets, Risk, and Retirement Income
In this episode, The Annuity Man discusses: Compliance at family offices, hedge funds, and other securities offices. Possible hiccups and downturns on the horizon. The misinformation around the 4% Rule. The research behind Barry’s book, The Pirates of Manhattan. Key Takeaways: Family offices have more assets (money under management) than hedge funds. The general public doesn’t know what is going on and most people don’t know that they don’t know what is happening. Major banks buy more life insurance and fixed annuities than anybody. All things tend to return to the mean. Essentially, people with major pension plans could get the same return just by throwing their money into 10-30 year treasuries. "Do your own research. If something sounds too good to be true, it generally is." — Barry Dyke Connect with The Annuity Man: Website: Podcast: Facebook: YouTube: Book: Connect with The Annuity Man: Website: Email: Book: YouTube:
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053: Owen Schrum discusses Bitcoin and explains Blockchain
04/20/2021
053: Owen Schrum discusses Bitcoin and explains Blockchain
In this episode, The Annuity Man discusses: What cryptocurrency is and how blockchain works. Losing Bitcoin and the future of the cash dollar. Looking at cryptocurrency as an investment. Normalizing cryptocurrency with direct and indirect regulations. Key Takeaways: It is a speculation tool, an investment, but a very speculative one. That is, an investment in a new technology called Blockchain. Blockchain is the internet of things, of assets. Bitcoin is the application running on the blockchain. Right now, Bitcoin and other cryptocurrency transactions are essentially untraceable. Blockchain is a technology that is not going away. "I don't believe that [Bitcoin is going to replace currency] until something is done via either government regulation or private regulation, that makes it a more stable, valued digital entity." — Owen Schrum Connect with Owen Schrum: Website: Twitter: LinkedIn: Connect with The Annuity Man: Website: Email: Book: YouTube:
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052: Annuities and Inflation
04/13/2021
052: Annuities and Inflation
In this episode, The Annuity Man discusses: The relationship between annuities and inflation. Don’t believe the pitch, understand the contract. How you do address inflation with annuities. Laddering your annuities with staggered start dates. Key Takeaways: Interest rates do not have to go up, and there are arguments for both inflation and deflation. There are no indexed annuities that are adjusted for inflation. Any time an annuity pitch sounds too good to be true it is. Every single time. Don’t worry about inflation - don’t worry about something you can’t control or quantify. "There are no annuities that address inflation properly. There is no annuity type that tracks inflation." — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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051: Questions to Ask Your Advisor About Annuities
04/06/2021
051: Questions to Ask Your Advisor About Annuities
In this episode, The Annuity Man discusses: The top questions to ask your advisor about annuities. Knowing which questions are deal-breakers from the beginning for advising you about annuities. The nuances and varieties of annuities. The reasons to ask these questions for your best contractual guarantees. Key Takeaways: All lifetime income streams are life expectancy-based, interest rates play a secondary role. If your advisor only represents a handful of carriers, they are not qualified to sell annuities. Annuities are a commodity product you quote all carriers for the highest contractual guarantee for your situation. Don’t allow your advisor to just say “trust me this is a good one.” You want to know what it is you own, don’t just take someone’s word for it. "Hold their feet to the fire. This is your money. This is serious. With annuities, once you sign that paperwork and once that policy has been issued, you better know what the heck you own. So don’t just trust or take someone’s word for it." — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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050: Retirement Cash Flow from SPIAs
03/30/2021
050: Retirement Cash Flow from SPIAs
In this episode, The Annuity Man discusses: Why we don’t care about the cash flow percentage that other sites put by their numbers. The best immediate annuities...and why they differ for everyone. Income floor vs. cash flow. Annuities as confidence products. Key Takeaways: Annuity companies have the big buildings for a reason - they are not giving any money away. Immediate annuities are the granddaddy of all lifetime income annuities, the granddaddy of all annuities for that matter. SPIAs can be used in a non-IRA setting, as well as in IRAs. Annuity companies are not smarter than banks, they're just more regulated. "Income floor is a better word than cash flow. Income floor is the guaranteed amount hitting your bank account every single month, regardless of who's in office, what's happening in the markets, what's happening in the world. It’s going to hit your account. " — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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049: Retirement Withdrawal Strategies
03/23/2021
049: Retirement Withdrawal Strategies
In this episode, The Annuity Man discusses: What the 4% Rule is and how it affects you. Annuities are the only product that can provide a lifetime income stream. Figuring out what you need per month to know what your withdrawal strategies need to be. Understanding what you’re buying before you sign anything. Key Takeaways: Every person retiring needs to set up their income floor, regardless of everything else that is happening in the world. Interest rates play a secondary role. Annuities are commodity products. You need to shop around to find the best contractual guarantee for you. If you want market growth, you don’t buy an annuity. "All lifetime income from annuities, all transfer of risk, is a combination of return of principal plus interest." — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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048: Best Type of Annuity for Retirement
03/16/2021
048: Best Type of Annuity for Retirement
In this episode, The Annuity Man discusses: The different types of annuities and how they can work for you in retirement. Understanding your specific goals and needs. Customizing your annuity for your individual needs. Combining an income floor with your social security. Key Takeaways: Upfront bonuses are just part of the contractual guarantee, not free money. Solve for the specific situation, no one annuity will fill every need. If an agent is steering you to a one-product solution, you should be hesitant. Lifetime income is primarily based on your life expectancy at the time you take the payment. Interest rates play a secondary role. "The best annuity type for retirement really comes down to your situation. There is no one size fits all." — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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047: Annuity News: Vanguard Annuities Now with Transamerica
03/09/2021
047: Annuity News: Vanguard Annuities Now with Transamerica
In this episode, The Annuity Man discusses: The original purpose of a variable annuity. The mess that has been caused by Transamerica now taking over these Vanguard annuities. Being careful about companies offering upfront bonuses on annuities. Holding on and not making rash decisions. Key Takeaways: Transamerica is the company that is now servicing all of the annuities that were purchased at Vanguard. Annuity companies are more regulated than banks. Don’t make rash decisions because you are having a hard time currently getting a hold of your annuity company during a transition period. The agents at Transamerica are on your side and want to help just be patient. "Anytime you transfer from one annuity to another, during the application process, you have to prove, contractually, that it's a better deal for you to go from one to the other." — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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046: 5 Choices with a FIA and Income Rider
03/02/2021
046: 5 Choices with a FIA and Income Rider
In this episode, The Annuity Man discusses: How to know if you even need an annuity. Shopping all carriers for your specific situation. The 5 choices when you have a fixed index annuity with an income rider. Test-driving your annuity. Key Takeaways: There is no rush to buy an annuity, only to understand it. You will never know the ROI until you die on an annuity. It is a lifetime income stream. Income riders are flexible, you can change your mind - you can do a contractual pivot. "If you defer out, say another three or four years, the income streams going to be higher, why the older you are the higher the payment because it is primarily based on life expectancy, not interest rates, not interest rates, not interest rates, not interest rates, not interest rates. " — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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045: Fixed Index Annuities - Are They a Good Investment?
02/23/2021
045: Fixed Index Annuities - Are They a Good Investment?
In this episode, The Annuity Man discusses: Understanding how a fixed index annuity works, rather than how it is pitched. The dangers in backtested numbers (and why they should be illegal in all 50 states). Stripping away the complication of the fixed index annuity. Shopping around for your annuity and asking for a specimen policy. Key Takeaways: Fixed index annuities can be used as an efficient and cost-effective delivery system for the income rider guarantee. The renewal rate is where the game is played with index annuities. There are over 700 index options currently available. If you want market growth, never buy an annuity. "Fixed indexed annuities are a good investment if you fully understand how to use them, and fully understand how they are designed, and fully understand the realistic return expectations you should have." — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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044: How to Shop for Annuity Rates Like a Pro!
02/16/2021
044: How to Shop for Annuity Rates Like a Pro!
In this episode, The Annuity Man discusses: What is meant when we talk about annuity rates. The three primary lifetime income products in the annuity world. Falling in love with the contractual number, no the carrier. Understanding what you’re trying to solve for and how rates apply to your specific situation. Key Takeaways: In the annuity world, “rates” does not always mean interest rates. Rates can also mean life expectancy. Interest rates play a secondary role - life expectancy drives the train with all lifetime income. People have been waiting for rates to go up, but there is no guarantee on rates going up. They could still go down. Nobody knows what is going to happen with the rates. Rates can mean a couple of things in the annuity world. If you’re looking for an annuity, you need to know what you’re trying to do with the annuity before you know what rate you are talking about. "With lifetime income, you can customize the payments to work exactly like you want them to work." — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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043: Why Renewal Rates are the Secret to Fixed Index Annuities
02/09/2021
043: Why Renewal Rates are the Secret to Fixed Index Annuities
In this episode, The Annuity Man discusses: What an index annuity is. Buying the contractual reality, not the dream. Why renewal rates are the key to index annuities. The importance of understanding what the renewal rates are and why they matter. Key Takeaways: If you’re looking for an index annuity for accumulation, then you need to know about renewal rates. There is no renewal rate history on an index that has just been created. There is no reason not to send a specimen policy - annuities are contracts, so you might want to read it before you sign. Never, ever, ever base your decision on a backtested number. "Renewal rates with indexed annuities are the secret and hidden sauce that no one ever talks about, but that you and me need to talk about. " — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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042: MYGA Secrets You Need to Know
02/02/2021
042: MYGA Secrets You Need to Know
In this episode, The Annuity Man discusses: What a MYGA (Multi-year Guaranteed Annuity) is. The negatives to a MYGA. The length of time on a MYGA term. The hidden secrets of a MYGA. Key Takeaways: Multi-year guarantee annuities and fixed indexed annuities are both CD products. Interest rates do not have to go up, there is a good argument for them to go to zero (even if we hope it doesn’t). If you get to the end of your surrender term, you can then transfer it to another MYGA and keep pushing the tax puck down the ice. There is no urgency to own an annuity, the only urgency is to understand it. "If you like simplicity, if you like short term, if you like understanding what you own, a MYGA is your product." — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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041: Why You Should Take a Closer Look at Income Riders
01/26/2021
041: Why You Should Take a Closer Look at Income Riders
In this episode, The Annuity Man discusses: What an income rider is (and it isn’t an annuity). The income rider versus the accumulated value side of the calculation table. The flexible nature of income riders. Taking the annuity payments when you need the income and transferring the risk. Key Takeaways: An income rider is an attachment to a contractual agreement, not an agreement itself. Deferred income annuities and income riders solve for income later, which is income down the road. The difference is just how they contractually get there. Upfront bonuses are not giveaways, they are part of the contractual guarantee - anything that seems too good to be true is. Interest rates play a secondary role - life expectancy drives the pricing train. Nobody knows where the interest rates will go. "An income rider is a lifetime pension that is flexible." — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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040: Your 4 Choices at the End of a MYGA Term
01/19/2021
040: Your 4 Choices at the End of a MYGA Term
In this episode, The Annuity Man discusses: The simplistic nature of MYGAs. The end of term flexibility of a MYGA. Why you can’t broad brush all annuities. It is your money, you get to make the decisions. Key Takeaways: The commission is already built into annuity contracts, they can vary depending on the complexity of the annuity. For something like a MYGA, they can be quite low, possibly .5%-2% depending on the carrier. Choose the highest contractual guarantee, whether that is renewing with the current carrier or moving to a different carrier at the end of your MYGA term. You are living the reality - that is the contractual guarantees. You can make the annuities work for what you want them to do. Transferring within an IRA is a non-taxable event. You can also transfer to other annuities depending on what you want the money to do. "The MYGA owner is the winner. You control the asset 100%." — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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039: Inherited Annuities: What are your specific choices?
01/12/2021
039: Inherited Annuities: What are your specific choices?
In this episode, The Annuity Man discusses: The best thing to do if you have inherited an annuity. Understanding the type of policy that you are inheriting. Spousal and non-spousal choices of an inherited annuity. Understanding the goals and the contractual guarantees of the annuity you have and what you want it to do. Key Takeaways: You have to hire someone who is qualified to give tax advice (like a CPA or tax lawyer) for tax advice. Do not take advice from anyone else because it is an ever-changing landscape and can vary from state to state. As a spouse, you can do what you want, you just have to inform the annuity company within 1 year from the date of death. As a non-spouse, there are multiple options and it depends on the type of annuity that you are inheriting and what you want the money to do. When transferring annuities, some of the benefits may not transfer. Do not transfer for an upfront bonus. "Never, ever, ever move an annuity for an upfront bonus. There are no philanthropists at annuity companies that are giving away money." — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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038: Pension Payment or Lump Sum: Which One Do You Take?
01/05/2021
038: Pension Payment or Lump Sum: Which One Do You Take?
In this episode, The Annuity Man discusses: Understanding the claims payability of the company that is offering the pension payment. Knowing what you want the money to contractually do. Owning an annuity for what it will do not what it might do. Telling what you want, not being told what you should do. Key Takeaways: About 80% of the time, with a pension payment, the payments from the company will be larger than what any annuity company will pay you. Make sure to check your options carefully. Annuity quotes expire every 7-10 days and need to be requoted if they aren’t locked in at the application process. Congratulations on getting to make this decision! "Be very specific on what you want that money to do." — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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037: Timing Your Annuity Purchase...Is It Possible?
12/29/2020
037: Timing Your Annuity Purchase...Is It Possible?
In this episode, The Annuity Man discusses: Investors vs annuity buyers. Understanding the contractual guarantees and making sure they work for you. Annuities are life expectancy based - you can’t time that. The things you can’t time and why they shouldn’t affect your choice of buying an annuity. Key Takeaways: Short answer - no, you can’t time your annuity purchase. It’s a contract, not an investment. You cannot time interest rates with MYGAs. You can often ladder the annuities to account for changing rates. No advisor knows how to time the annuity payments for interest rates - it all comes down to the contractual guarantees. What do you want the money to contractually do? When do you want those contractual guarantees to start? "The urgency is to understand the annuity before you buy it. That is the only urgency." — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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036: Annuities vs. The Stock Market: The Brutal Truth About Both
12/22/2020
036: Annuities vs. The Stock Market: The Brutal Truth About Both
In this episode, The Annuity Man discusses: Having money in the stock market (even if you don’t have or need an annuity). Why you should be in the stock market, either managing yourself or having someone manage it for you. Understanding if you need an annuity and how to allocate and proportion your money. Diversification of risk and assets. The stock market and annuities can work together, but they cannot be compared. Key Takeaways: 80% of all stock market trades are not done by a real-life, breathing human. If you want market growth, stick with the stock market. Annuities are for the guarantees, not growth. Never buy annuities for what they might do. You can’t look at back-tested numbers, you can only look at what it will do, not what it might do. Never compare the stock market to annuities. Never compare investments to contracts. One is a shouldering of the risk and one is the transferring of the risk. "It comes down to two things: how much risk are you willing to shoulder and how much risk are you wanting to transfer? Everybody is different." — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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035: Should You Transfer Your 401K Retirement Plan to an Annuity?
12/15/2020
035: Should You Transfer Your 401K Retirement Plan to an Annuity?
In this episode, The Annuity Man discusses: What a 401K is and how it affects your retirement. Market growth versus contractual guarantees. Shopping annuities like you shop for plane tickets. Understanding proportion and allocation. Key Takeaways: What do you want the money to contractually do? When do you want those contractual guarantees to start? If you want market growth, don’t buy an annuity. The best annuity is the one that provides the best contractual guarantee for your specific needs. Nobody knows what is going to happen with inflation. If hyperinflation hits, at that time you solve for what you need then. "You have to be specific about what you want the money to contractually do." — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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034: Annuity Laddering Strategies: How They Actually Work
12/08/2020
034: Annuity Laddering Strategies: How They Actually Work
In this episode, The Annuity Man discusses: Laddering for principal protection vs. Laddering for lifetime income. The customizable nature of laddering annuities. What is looked at and strategies for laddering depending on what you want the contractual guarantee to do. Addressing inflation. Key Takeaways: There are no perfect answers, just really bad sales pitches. Nobody can predict where interest rates are going to go and if they say they can they’re wrong. MYGAs are regulated at the state level. It’s about life expectancy at the time you take the payment. You already own the best inflation annuity on the planet - and that’s Social Security. "Immediate annuities or deferred income annuities can be structured to pay for a specific time, not just for life." — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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033: Annuities vs. Life Insurance: Which is Better & How Do They Differ?
12/01/2020
033: Annuities vs. Life Insurance: Which is Better & How Do They Differ?
In this episode, The Annuity Man discusses: How life insurance and annuities differ, despite being sold by the same companies. The variance in the death benefits between life insurance and annuities. Ways in which life insurance and annuities can work together. Knowing what your goal is when buying life insurance and annuities. Key Takeaways: Annuities are issued by life insurance companies, but annuities and life insurance are different in terms of strategy, contractual guarantee, and transfer of risk. Life insurance is the best return on investment that you’re never going to see because you’ll be dead. Annuities and life insurance are both unique in their categories - life insurance is the only product that provides a tax-free, lump-sum death benefit that passes outside of probate and annuities are the only product on the planet that can provide a lifetime income stream and pay regardless of how long you live. Annuities and life insurance are both contracts. "You really should buy life insurance for the tax-free death benefit. " — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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032: Annuity Financial Advice for Seniors & Baby Boomers
11/24/2020
032: Annuity Financial Advice for Seniors & Baby Boomers
In this episode, The Annuity Man discusses: Determining if you need an annuity. Annuities are not one size fits all - they are contractual guarantees. Taking care with the annuity sales pitches that are coming your way. Creating your Annuity Statement of Understanding. Key Takeaways: Every single day, over 10,000 Americans reach the age of 65. To determine if you need an annuity, ask yourself 2 questions: What do you want the money to contractually do? When do you want those contractual guarantees to start? Never buy an annuity for market growth. There are no philanthropists at annuity companies giving away money. If there is an upfront bonus, it is part of the contractual guarantee, not free money. "Annuities are commodity products. The best annuity for you is the one that provides the highest contractual guarantee." — The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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031: Annuity Transfers: How the Process Works and Should You Do It
11/17/2020
031: Annuity Transfers: How the Process Works and Should You Do It
In this episode, The Annuity Man discusses: Types of annuities that are and are not transferable. Buying and transferring an annuity inside of an IRA. Only transferring if it is in your favor (not the agent’s favor). How Income Riders affect the transferability of your policy. Key Takeaways: You can transfer from one IRA to another as a non-transferable event (meaning no taxes) regardless of the type of account. Transferring your annuity is not always in your best interest. Just because it is transferable does not mean you should transfer it. Upfront bonuses to transfer your annuity is never, ever, ever, a reason to transfer. Ever. There is no urgency to buy an annuity and there is no urgency to transfer an annuity. "You don’t transfer for transfer’s sake. You don’t transfer because it sounds too good to be true. Remember, if it sounds too good to be true, it is every single time." — The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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030: Annuity Calculators: How to Use Them for Maximum Results
11/10/2020
030: Annuity Calculators: How to Use Them for Maximum Results
In this episode, The Annuity Man discusses: The misinformation around annuities. How buying an annuity is like buying a plane ticket. Maximizing results with annuity calculators. Using annuity calculators to get a feel for what the guarantees are. Key Takeaways: There is never an urgency to buy an annuity. The only urgency is to understand the contract. The best annuity out there is the one that provides you with the highest contractual guarantee for your scenario. There is no way to know the future inflation rate. Laddering your annuities is more likely to account for that unknown. Live the reality, not the dream. Use the tools that are available and find out if an annuity is right for you. "With annuities, if it sounds too good to be true, it is. Every. Single. Time." — The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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029: Retirement Annuities: Which Type Is Right For You?
11/03/2020
029: Retirement Annuities: Which Type Is Right For You?
In this episode, The Annuity Man discusses: The limitations and benefits of the different types of annuities. Knowing if an annuity is right for you or not. All of the annuities can be used in the different types of accounts out there - it just changes how it is taxed. Reverse engineering to plan your annuity. Key Takeaways: Annuities are the only product on the planet that guarantee a lifetime income stream, it's a monopoly that only annuities have. If you do not need to contractually solve for one four things - principal protection, income for life, legacy long term care, confinement care - you do not need an annuity. You will be a better investor when you have your income floor in place. Annuities are commodities - shop for them like you would for plane tickets. "Don't fall for the sizzle because you're going to own the steak. Don't fall for the sales pitch dream, because you're going to own the contractual reality." — The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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028: Annuity Death Benefits: How They Work & The Choices Offered
10/27/2020
028: Annuity Death Benefits: How They Work & The Choices Offered
In this episode, The Annuity Man discusses: Structuring your lifetime income payment to go to your beneficiary, not the evil annuity company. Life insurance versus annuity death benefits. Common death benefit choices. Beneficiary setups for annuity death benefits. Key Takeaways: Annuities are contracts, it is up to you how you want to structure it. Annuities are customizable from a death benefit standpoint. Fixed annuities are regulated at a state level, not a federal level. There is no urgency to buy an annuity, you’ve got to do it on your terms and your timeline. "Can annuities be fun? Yeah! Can contractual guarantees be fun? Yeah! Can death be fun? No. but, with the contractual guarantees of annuities, we can make sure that it is as enjoyable for your beneficiaries as humanly possible." — The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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027: Social Security Annuity: Why Every US Citizen Already Owns an Annuity
10/20/2020
027: Social Security Annuity: Why Every US Citizen Already Owns an Annuity
In this episode, The Annuity Man discusses: Congratulations! You already own the best inflation annuity on the planet - Social Security! Shouldering or transferring your risk. One of the biggest mistakes that people make with annuities. Buying annuities for what they will do, not what they might do. Understanding what you are buying before you buy regardless of what your annuity agent says. Key Takeaways: Social Security is political dynamite that no party wants to touch - it’s going to be there and you’re transferring the risk to the government to pay and they are going to pay. There are really two questions that you have to ask: What do you want the money to contractually do? When do you want those contractual guarantees to start? Social Security is an annuity. An annuity is Social Security. Your pension is an annuity. An annuity is a pension. Do not buy an annuity for the hypothetical, theoretical, back-tested, projected, hopeful-agent return scenarios. Don't buy the dream, because you're going to own the contractual realities. There is never, ever, ever, ever an urgency to buy an annuity, no matter what anybody tells you. Ever. "Social Security recipients vote, and because Social Security recipients vote, that annuity will never be touched by politicians, period. " — The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
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