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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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