“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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079: Loren Feldman: Transition To Retirement As A Life Entrepreneur
10/19/2021
079: Loren Feldman: Transition To Retirement As A Life Entrepreneur
In this episode, The Annuity Man and Loren Feldman discuss: Entrepreneurs and retirement Investing for business owners Passion and confidence on business Measuring your risk Key Takeaways: Plan for the next chapter. Retirement brings about many opportunities that would otherwise be difficult or impossible. Many entrepreneurs love taking risks but being smart about your money means making informed decisions that take into consideration risk-transfer and investment. Passion is essential but not sufficient when getting a business to take off. You don't want to go straight from chapter 2 to chapter 11 - take time to plan out the venture you’re about to start and measure the risks you're about to take. “You wanna listen but then do what you’re about to do. Listen to everybody who’s opinion you respect - when I say listen, I don’t mean follow their advice." — Loren Feldman Connect with Loren Feldman: Website: LinkedIn: Twitter: Connect with The Annuity Man: Website: Email: Book: : YouTube:
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078: Wade Pfau: Retirement Income Style Awareness
10/12/2021
078: Wade Pfau: Retirement Income Style Awareness
In this episode, The Annuity Man and Wade Pfau discuss: Success in retirement RISA - Retirement Income Style Awareness Funding long-term care Reverse mortgages and risk pooling Key Takeaways: Retirement doesn't only mean stopping work, it's about being able to do what you want. Three retirement strategies: Total return investment strategy, time segmentation or bucketing, or annuity and social security. These are the factors that determine which retirement strategy or style will work for you: probability based or safety first; and optionality versus commitment. There is no ROI until you die, up until that point it’s a transfer of risk. Retire to something, don’t retire from something. "Retirement… doesn't have to mean just not working, it's about having financial independence to do what you want and be who you wanna be… it's about finding your passion and purpose. " — Wade Pfau Connect with Wade Pfau: Website: | LinkedIn: Twitter: Connect with The Annuity Man: Website: Email: Book: : YouTube:
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077: Dan Prescher: No U-Hauls Behind Hearses
10/05/2021
077: Dan Prescher: No U-Hauls Behind Hearses
In this episode, The Annuity Man and Dan Prescher discuss: Planning for travelling internationally Travelling internationally as a lifestyle change Minimalism and happiness Joining communities abroad Key Takeaways: Research is the key, start by ruthlessly profiling yourself and ask yourself what you can do without and what you can’t do without. If you plan to live abroad, you gotta do it from the heart, it has to be a lifestyle choice. Otherwise you’d just be an economic refugee. Once you keep things compact and minimal, you can start focusing on what really matters. Happiness is in the people you know and the things you do, not in what you have. Community comes with the package, it cannot be avoided. "If you could move tomorrow to a place where it costs you half as much to live, you’ve doubled the value of your resources" — Dan Prescher Connect with Dan Prescher: Website: LinkedIn: Books: Connect with The Annuity Man: Website: Email: Book: : YouTube:
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076: Mr. FIA-X: Letters, Numbers, and BS Bonuses
09/28/2021
076: Mr. FIA-X: Letters, Numbers, and BS Bonuses
In this episode, The Annuity Man and Mr. FIA-X discuss: Running away from lies and half-truths “Guaranteed increasing income” and other misleading statements Knowing how much you’ll really earn Why people choose annuities Key Takeaways: If anybody tells you that what they’re selling has “no downsides” - run away, don’t listen. Everything they're telling you will probably be a lie. How you state things matter, and how you decipher them matters. When selling annuity products, never mislead people. The old rule still applies: if it sounds too good to be true, regardless of who’s pitching it, it probably is. People choose to go for annuities because they want to transfer risks. "They're [annuities] gonna give you a better than average chance at a better than average return…" — Mr. FIA-X Connect with The Annuity Man: Website: Email: Book: : YouTube:
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075: John Lenz: The Annuity Mechanic says Live, Die...or Quit
09/21/2021
075: John Lenz: The Annuity Mechanic says Live, Die...or Quit
In this episode, The Annuity Man and John Lenz discuss: How people reacted to the new payroll tax rule for LTC in Washington state. Live, die, quit - find out what that means Making mathematical decisions for your retirement Key Takeaways: Live, die, quit. If you live, and you need long term care services, you’ll benefit. If you die, your family will benefit. If you quit, you’ll get your money back or some multiple or percentage of it depending on your plan. The benefit from where you’re coming from to where you’re going to - “the going to” has to be better mathematically. "Can an annuity work in this situation?.. Yes… you can basically establish your own reserve. Instead of paying a tax every year, you can write a check to the insurance company, create a long-term care annuity" — John Lenz Connect with John Lenz: Website: Connect with The Annuity Man: Website: Email: Book: : YouTube:
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074: Kerry Pechter: Bermuda Triangle Retirement Zone
09/14/2021
074: Kerry Pechter: Bermuda Triangle Retirement Zone
In this episode, The Annuity Man and Kerry Pechter discuss: What is the Bermuda Triangle Strategy? How the Bermuda Triangle Strategy will affect you. The problem with the annuity industry. Prioritizing the consumer over anything. Key Takeaways: The points of the triangle are: a life/annuity company with large in-force, “blocks” of (usually) fixed annuities with guaranteed returns; a Bermuda-based or other offshore reinsurer; and a major buyout firm or money manager. The issue is with transparency and the lack of communication between the company and the client that’s affected. The interests are not aligned with the people that hold your money. Many members of the annuity industry focus more on the growth story rather than focusing on the customer getting the contractual guarantee. The consumers all need to understand what’s happening with their money. “Don’t let taxes rule your life, it’s more important to have guaranteed income. Buy yourself the guaranteed income that will give you peace of mind." — Kerry Pechter Kerry’s article about the Bermuda Triangle Strategy: Connect with Kerry Pechter: Website: LinkedIn: Connect with The Annuity Man: Website: Email: Book: : YouTube:
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073: Chuck Jaffe: Money Life and Your Life
09/07/2021
073: Chuck Jaffe: Money Life and Your Life
In this episode, The Annuity Man and Chuck Jaffe discuss: Some good examples of bad investments Issues with cryptocurrency Understanding indexed annuities Interest rates and inflation Key Takeaways: Some investments are unjustifiable and unnecessary. Cryptocurrency isn’t that different from gift checks, except you can actually spend gift checks. Only a handful of stores accept bitcoin payment. The problem with indexed annuities is that it’s so difficult to explain. A lot of things go into calculating inflation in your own context, like taking into account your spending habits and where you are in life. "Inflation is a very much personalized thing… you could say that inflation is not bad, but a lot of houses are having trouble with inflation because of their spending patterns and where they are at in life." — Chuck Jaffe Connect with Chuck Jaffe: Website: Podcast: Twitter: Connect with The Annuity Man: Website: Email: Book: : YouTube:
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072: Owen Schrum: When Free Ain’t Free
08/31/2021
072: Owen Schrum: When Free Ain’t Free
In this episode, The Annuity Man and Owen Schrum discuss: The Retirement Crisis The Free Paradigm Unteaching things that people thought wrong Growth and guarantees - the truth about Structured Investments Key Takeaways: The retirement crisis cannot be solved by Social Security, you have to be the one to save yourself from this crisis with strategy, sound planning and smart investment. Don’t be fooled - there is no “free lunch”. If it sounds too good to be true, it most likely is. The secret to retiring happy isn’t a secret at all: have a diversified portfolio that fits your risk profile. Some people will sell you what they think you want and often all they’re selling is dreams. "They called it the ‘Crisis in Retirement in America’... 68% of people over 60 are not going to have sufficient money to live on when they retire..." — Owen Schrum Connect with Owen Schrum: Website: LinkedIn: Twitter: YouTube: Connect with The Annuity Man: Website: Email: Book: : YouTube:
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071: Jeff Miller: Social Security Strategies Explained
08/24/2021
071: Jeff Miller: Social Security Strategies Explained
In this episode, The Annuity Man and Jeff Miller discuss: Life expectancy and income level demographics Until what age should you wait? Figuring out your life expectancy Inflation, where is it going and how will it affect social security Key Takeaways: With any type of lifetime income-stream annuity, it’s all about life expectancy - the older you are, the higher the payment. Find what your social security benefits would be at full retirement age. People in higher incomes seem to have a longer life expectancy. But a lot of people don’t consider themselves wealthy even if they are, so it still depends. The estimation of when the social security trust fund will run out of money keeps getting closer and closer. "As a general rule... consider your spouse when you make your claiming decision. If you're the higher earning spouse, even if you're in poor health, you may want to delay to make sure that your spouse gets the highest possible benefit after you pass." — Jeff Miller Connect with Jeff Miller: Website: My Social Security: Connect with The Annuity Man: Website: Email: Book: : YouTube:
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070: John Olsen: Annuity Royalty Shares Wisdom
08/17/2021
070: John Olsen: Annuity Royalty Shares Wisdom
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 here: Connect with John Olsen: Website: LinkedIn: Facebook: Connect with The Annuity Man: Website: Email: Book: : YouTube:
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069 Mr. FIA-X: More Index Annuity Secrets
08/10/2021
069 Mr. FIA-X: More Index Annuity Secrets
In this episode, The Annuity Man and FIA-X discuss: Upfront bonuses on annuity and other bonuses to be wary of Looking for contractual guarantees in annuity contracts Uncapped products and other “modifiers” Monthly sum - what they’re actually saying Key Takeaways: Buying an annuity for the upfront bonuses is like buying a car to get the stereo Stay smart out there. Companies are never a charity unless they state it, you’re never going to get free money. When someone is selling something for free, or saying they’ll give you money, be wary of that person. There’s no way you’ll find an uncapped product with 100% participation rate with no fees, where you put your money in them and just let it run. There is always a catch. Think about the downside. In a monthly sum, the downside is unlimited. They make it pretty, but you need to think about the facts. "Think about a magician… with sleight of hand, they distract you while they’re pulling your watch off. That’s exactly what bonuses are that they wiggle for you to miss the other things" — FIA-X Connect with The Annuity Man: Website: Email: Book: : YouTube:
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068: Tom Hegna: Don't Worry, Retire Happy!
08/03/2021
068: Tom Hegna: Don't Worry, Retire Happy!
In this episode, The Annuity Man and Tom Hegna discuss: Saying no to DIY retirement What the right age for retirement is How annuity addresses inflation Securing guaranteed lifetime income with annuities Key Takeaways: Retirement is not a DIY project, do it with a professional. The age for retirement would not be the same for many. If you want to get the optimal age, you have to spend some time calculating for all the factors that go into it. Be creative in doing something that can help your retirement. It’s okay if you have to do a side-hustle or work longer. Having a huge income guaranteed allows you to make riskier and therefore more rewarding investments. When the account is drawn down to zero, the annuity company is still on the hook to pay. “They found that the happiest people in retirement were those people who were surrounded by their families and friends, and had guaranteed paychecks every single month." — Tom Hegna Check out Tom’s Books here: Connect with Tom Hegna: Website: LinkedIn: Facebook: Twitter: Pinterest: Youtube: Connect with The Annuity Man: Website: Email: Book: : YouTube:
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067: Bradley Birkenfeld: Exposing Corruption and Creating a Better System
07/27/2021
067: Bradley Birkenfeld: Exposing Corruption and Creating a Better System
In this episode, The Annuity Man and Bradley Birkenfeld discuss: Corruption in the government and our justice system The problem with bank secrecy and facts about the relationship between our government and bankers Getting incarcerated for doing the right thing Tax evasion in wealthy groups and how corruption happens in places The future of cryptocurrency and bankers Key Takeaways: If you’re not part of the solution, you’re part of the problem - you’re either one of those. The system is so ingrained with corruption that it has already become impossible to change anything. Don’t stand for corruption when you see it - although it might get you burned even if you’re doing the right thing. The empowerment of the individual through cryptocurrency might not last as governments and bankers will find a way to get in the game and devalue the current ones. "The system that we base ourselves on, what we believe in, is rotten to the core. I say that candidly and I can give facts to that. Support whistleblowers, don’t believe everything the government tells you and we need more transparency in our lives." — Bradley Birkenfeld Connect with Bradley Birkenfeld: Website: Facebook: Instagram: LinkedIn: Twitter: Book: Lucifer’s Banker: Connect with The Annuity Man: Website: Email: Book: : YouTube:
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066: Dana Anspach: Juicing Your Retirement Plan
07/20/2021
066: Dana Anspach: Juicing Your Retirement Plan
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. 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: LinkedIn: Twitter: | Books: Connect with The Annuity Man: Website: Email: Book: : YouTube:
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065: Bob Powell - The Voice for Your Retirement
07/13/2021
065: Bob Powell - The Voice for Your Retirement
In this episode, The Annuity Man and Bob Powell discuss: The new normal of today’s interest rates Good tips and strategies for building your retirement fund Some insights on Cryptocurrency Special Purpose Acquisition Companies and Key Takeaways: Use the "bucket strategy" for a low but somewhat stable yield even in unstable times Be very careful on deals and contracts that are "too good to be true" (but contractually are not). Cryptocurrency might be an interesting inflation hedge but it has never experienced an inflationary period. Risky assets don’t cover longevity given the market volatility but there’s a guarantee that the annuity will pay you regardless of what’s going on in the market. "You should invest your time before you invest your money. I think that’s true as it was back when we started the business as it is today." — Bob Powell Connect with Bob Powell: Website: Podcast: LinkedIn: Twitter: Book: Connect with The Annuity Man: Website: Email: Book: : YouTube:
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064: Christine Benz: Avoiding Blind Spots in Your Retirement Portfolio Planning
07/06/2021
064: Christine Benz: Avoiding Blind Spots in Your Retirement Portfolio Planning
In this episode, The Annuity Man and Christine Benz discuss: Why Christine is so passionate about financial education and retirement portfolio planning. Why decumulation is not bad (and when it is a good thing). Retirement blindspots to be aware of. Staying mindful of additional, variable costs in your spending plan. Bucket approach investing and portfolios. Key Takeaways: Your portfolio doesn't know whether your withdrawals are coming from income or from selling appreciated securities, what matters is that you are not taking out too much. People tend to overestimate our ability and desire to continue working and, often, retire earlier than they originally expected to. There is power in diversification in your income portfolios. The products under the annuity umbrella are incredibly varied. The type of annuity that is best for you depends on what your needs. "If you're looking for something that will zig when your stocks zag, you probably want to ensure that your portfolio includes that cash and treasury bonds." — Christine Benz Connect with Christine Benz: Website: Podcast: LinkedIn: Twitter: Book: Morningstar’s 30 Minute Money Solutions: Book: Morningstar Guide to Mutual Funds Christine’s Article Archive: Reference: Open Social Security: Connect with The Annuity Man: Website: Email: Book: : YouTube:
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063: Dennis Miller: Your Comfortable Retirement Guarantee
06/29/2021
063: Dennis Miller: Your Comfortable Retirement Guarantee
In this episode, The Annuity Man and Dennis Miller discusses: What ROMEO is and how it influences Dennis and his writing. Why inflation is a personal thing. Diversifying for income guarantee and reducing risk. Answering the questions Dennis’s readers are asking. Key Takeaways: You must diversify if you are going to survive as a retiree and not rely solely on any one income stream, including Social Security. Plan for Social Security, in some form, but when you’re running the numbers it is not a guaranteed number. Once you retire, your mindset towards money changes. If it sounds too good to be true, you’re better off continuing to do your research. "I took annuities, CDs, bonds, dividend paying stocks, preferred dividend paying stocks, and I sliced every one of those just to what was really guaranteed. Are they guaranteed to beat inflation? What I'm telling my readers today is, if you're going to survive as a retiree and make your money last, you've got to diversify and combine them." — Dennis Miller Connect with Dennis Miller: Website: FREE Newsletter: Twitter: Facebook: Connect with The Annuity Man: Website: Email: Book: YouTube:
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062: Bob Carlson: Unlocking the Secrets of Social Security and Your Retirement Plan
06/22/2021
062: Bob Carlson: Unlocking the Secrets of Social Security and Your Retirement Plan
In this episode, The Annuity Man discusses: How the COVID19 pandemic has affected retirement plans. The Retirement Watch newsletter and how it can help you. What DC is doing that can affect retirement. Inflation and adding inflation hedges to your portfolio. Key Takeaways: While the focus of retirement planning is on the financial side, that is the least important side of your retirement planning. Knowing what you’re going to do in retirement is vital. You need to keep up with changes and revise your retirement plan as necessary. The social security trust fund got hit on both ends during the 2020 year which could change when the trust fund runs out of money. Each year you delay taking social security, it increases 8% tax free. "Even though social security is probably going to run out of money faster than it would have, that doesn’t mean there isn’t going to be a social security fund or a social security program." — Bob Carlson Connect with Bob Carlson: Website: Facebook: Twitter: Most Recent Book: Connect with The Annuity Man: Website: Email: Book: : YouTube:
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061: John Lenz: The Annuity Mechanic Thinks Outside The Box
06/15/2021
061: John Lenz: The Annuity Mechanic Thinks Outside The Box
In this episode, The Annuity Man and John Lenz discuss: Spendthrift planning. Customizing the annuity contracts to achieve the specific goals you have in mind. Medicaid planning using annuities. Nonqualified stretch plans. Key Takeaways: There is nothing magical about the ability to manage money. It can be difficult regardless of the age of the beneficiary. Working with an elder care attorney or an estate planning attorney can often help when deciding how to best provide for your beneficiaries. There are many different types of annuities that you can choose from. If you work with the correct agent, there is a lot of flexibility for your specific situation. Make sure the agent you’re working with understands the business. "Annuities provide an excellent layer of income protection. And if insurance companies stick to their knitting and remember what they're best at, it'll be a healthy environment for them." — John Lenz Connect with John Lenz: Website: Connect with The Annuity Man: Website: Email: Book: YouTube:
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060: Bill Black: The Math and Taxes of Life Insurance
06/08/2021
060: Bill Black: The Math and Taxes of Life Insurance
In this episode, The Annuity Man and Bill Black discuss: What is happening in the life insurance space (especially during the current pandemic). How interest rates affect life insurance policies. Benefits of life insurance to the beneficiaries. What to watch out for in the sales pitch world of life insurance. Key Takeaways: Oftentimes, term insurance can be changed to permanent insurance without the health checks being redone. Life insurance is the best return on investment that you will never see. Like with annuities, you buy life insurance for what it will do, not what it might do. Rather than letting a life insurance policy lapse when you don’t want to continue it, it can be sold like you would a stock or bond. "There are no ifs, ands, or buts when you buy the right policy that has the right guarantees on it." — Bill Black Connect with Bill Black: Website: LinkedIn: Connect with The Annuity Man: Website: Email: Book: YouTube:
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059: FIA Insider Wears Mask to Protect Identity and Share Industry Secrets
06/01/2021
059: FIA Insider Wears Mask to Protect Identity and Share Industry Secrets
In this episode, The Annuity Man discusses: The historical journey of indexed annuities and how they’ve gotten to where they are today. The questions to ask your advisor about your indexed annuities. The golden rule of annuities - they have the gold, so they make the rules. The problems with backtested numbers. Key Takeaways: For anyone to say market upside with no downside or market participation with principal protection is misleading and blatantly false. If you get a big bonus with an annuity, you’re paying for it. You’re financing it over time (it’s not being given away by the annuity company). You need to understand why you want an indexed annuity before you shop for an indexed annuity. All annuity commissions are built into the cost, but they are hidden from the client. "I think backtested numbers should be illegal. I think the stuff they put in brochures should be illegal. And here's why - because if you're looking at it now, you've already missed it." — Mr. FIA-X Connect with The Annuity Man: Website: Email: Book: : YouTube:
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058: The Moneylady® Terry Savage Holds Nothing Back
05/25/2021
058: The Moneylady® Terry Savage Holds Nothing Back
In this episode, The Annuity Man and Terry Savage discuss: The Money Lady’s opinion on the current markets. The creation of money, interest rates, and the US budget deficit. How technology has changed investing. The coming hot topic of long term care. Key Takeaways: You don’t have to beat the market to be successful, you need to be in the market. It is inevitable that rates will go up, and it will likely happen in a snap when it does. Nobody knows when that will happen. With the changes in blockchain technology, the game of finances will be changed. The annuity industry frowns upon anyone putting more than 50% of their investable assets in annuities. "A US cryptocurrency is not where I see it going. I think it's more global than that." — Terry Savage Connect with Terry Savage: Website: YouTube: LinkedIn: Twitter: Facebook: Podcast: Connect with The Annuity Man: Website: Email: Book: YouTube:
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057: Jack Lenenberg: Long Term Care
05/18/2021
057: Jack Lenenberg: Long Term Care
In this episode, The Annuity Man and Jack Lenenberg discuss: The environment, products, and solutions in long term care currently available. The 6 daily functions of life and how they affect long term care. The best time to look into and apply for long term care. The answers to common questions that Jack is asked by customers. Key Takeaways: Your long term care does not need to be permanent. It just needs your doctor to sign off that you need care for at least 90 days. There has been a shift to fixed and guaranteed policies to accommodate what people are looking for with their policies. Traditional long term care underwriters are leaving the field. Hybrid long term care providers are more prevalent, and are growing. "The best time to look into long term care is when you are concerned about it and are healthy enough to qualify." — Jack Lenenberg Connect with Jack Lenenberg: Website: LinkedIn: Twitter: Connect with The Annuity Man: Website: Email: Book: YouTube:
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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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