“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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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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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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