“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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Annuities For A 9-Year Old: Shootin' It Straight With Stan
05/31/2023
Annuities For A 9-Year Old: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: Buying an annuity that you understand Annuities aren’t one-size-fits-all How to know if you understand a product Key Takeaways: When buying an annuity, remember that if a product sounds too good to be true, it is every single time. There are also annuities that are more complex and most agents cannot explain it well, let alone even comprehend it themselves. Currently, the annuity industry has an unbalanced way of compensation for different types of products. Agents get a higher commission for selling a certain type of product. The problem is that annuities aren’t one-size-fits-all. It takes some consideration to determine a person’s needs and what product would solve that. Buy products that you understand. A good indicator that you do understand something fully is if you can explain it to your spouse, family, or friends and have it make sense to them. "You have to be able to understand what you're buying, and you have to be able to go into a second-grade class and explain it to them." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: YouTube: Get a Quote Today:
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Annuity $$ Doesn’t Have to Go Poof: Shootin' It Straight With Stan
05/24/2023
Annuity $$ Doesn’t Have to Go Poof: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: What is a life-only lifetime income stream? How you can choose where your money goes when you die The many ways that you can structure an annuity Key Takeaways: People who complain that annuities are bad because the money goes poof when the policyholder dies are talking about one type of annuity that’s structured in one specific way: a life-only lifetime income stream. There are 40-plus different ways to structure an annuity. Annuities can be structured so your money doesn’t go to the annuity company when you die. They’ll be on the hook to pay as long as you’re breathing, and the money will go to whichever beneficiary you want it to go to. It is up to you if you want the money in your annuity to disappear when you die. Someone who doesn’t have any meaningful ties to their family, can just get a life-only lifetime income stream and enjoy high payment for themselves. "The bottom line is when you set up lifetime income with annuities - and there are many different types - they all can be structured so that not one penny is going to be kept by the annuity company, even though they're on the hook to pay." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: YouTube: Get a Quote Today:
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Owen Schrum: Game Planning for Your Retirement
05/23/2023
Owen Schrum: Game Planning for Your Retirement
In this episode, The Annuity Man and Owen Schrum discuss: The interconnectivity of financial structures How a hard recession could be avoided Annuity companies are more regulated than banks Positive trends in the economy Key Takeaways: Inflation, the debt limit, the Federal Reserve, and the markets are not standalone. They are all directly connected and related. Being careless with one part can cause the whole thing to collapse. If the chairman of the Federal Reserve says that they’re considering lowering the rates based on the numbers that they have, then it might prevent a hard recession. The market will take care of the rest. Annuity companies and banks buy the same bonds, but the difference is that annuity companies are not forced to sell them. There can be no run-on annuities because they have regulations that prevent that. Inflation is getting back under control. Also, despite inflation being 10%, both small and large businesses’ earnings held up better than people thought they could. "Not one of those things are standalone items, particularly inflation and interest rates. They are all directly related. It's like some big puzzle, you pull out one log, and the whole thing may collapse." — Owen Schrum. John Mack talks to Wharton class about Morgan Stanley default: Connect with Owen Schrum: Website: LinkedIn: Twitter: YouTube: Connect with The Annuity Man: Website: Email: YouTube: Get a Quote Today:
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Time Is The Ultimate Currency: Shootin' It Straight With Stan
05/17/2023
Time Is The Ultimate Currency: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: The difference between lifespan and health span and the ultimate currency Don’t waste your time How annuities can help you maximize your time The purpose of life Key Takeaways: Lifespan is how long we're going to live. Health span is how long we're going to live well. Time is the ultimate currency. The time that we’re given is all we have, we can’t get more of it, and it’s finite. If time is the ultimate currency, contemplate how you use it. What areas of your life are you wasting your time? How do you think you can use your time better? Annuities are lifestyle products. They enable you to live the life that you want as long as you’re breathing. Annuities allow you to maximize your time. The purpose of life isn’t market growth or making more money. The best use for your time is to spend it on what really matters: family, friends, health, and religion if it’s important to you. "Time is the ultimate currency. You can't trade time; there’s no shorting, there's no arbitrage. Time is what it is, and we don't know how much there's going to be for each one of us. Let's maximize that, let's get a good return on investment on time." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: YouTube: Get a Quote Today:
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Monte Carlo or Stanicarlo Simulation: Shootin' It Straight With Stan
05/10/2023
Monte Carlo or Stanicarlo Simulation: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: A simulation doesn’t provide contractual guarantees Contractual guarantees for your chapter two You’ve more than earned the right to finally live your life Key Takeaways: Don’t fall for what a Monte Carlo simulation shows; it doesn’t prove anything. Ask them if any of it is contractually guaranteed, and you’ll hear from them yourself that, at the end of the day, it’s all hypothetical. When you’re in chapter two of your life, you don’t need to track the markets as you’ve always done. You don’t want to have to worry if the market goes down or if inflation goes on forever. What you need is contractual guarantees. You’ve worked hard for the money, saving and watching the ups and downs of the market. You’ve earned your right to have contractual guarantees and an income floor. You’ve earned the right to finally live your life. "Stanicarlo simulations aren't simulations. Stanicarlo simulations are contractual guarantees. Why is that important? Because annuities are contractual guarantees. You're on them for what they will do, not what they might do. Period. End of story." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: YouTube: Get a Quote Today:
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Martin Parlato: Factually Ranting on Investing Now
05/09/2023
Martin Parlato: Factually Ranting on Investing Now
In this episode, The Annuity Man and Martin Parlato discuss: Why it’s important to appoint the qualified Cryptocurrency is “craptocurrency” On Facebook, TikTok, and Twitter Don’t get fancy, and don’t panic Key Takeaways: A person’s identity or politics is entirely irrelevant compared to how competent they are for the job they are given; that’s what matters. People who are appointed to powerful positions should be qualified. Cryptocurrency is still “craptocurrency” for Marty. He doesn’t follow it, use it, or believe in it. The government doesn’t seem to have any plans to regulate cryptocurrency, and it’s harming people who see it as a way to get rich quickly and lose a lot of money. The government won’t be able to break up Facebook or TikTok because, ultimately, people love these apps, and many politicians use them for their re-election. From an investment standpoint, don’t get fancy. Invest in products that you understand. Don’t panic; invest for the long term. "No two of my clients have the same portfolio, and why would they? They all came on at different times. They have different goals and aspirations. So you can't make a blanket assumption of what our returns are. But they're very significant." — Martin Parlato. Connect with Martin Parlato: Website: Connect with The Annuity Man: Website: Email: YouTube: Get a Quote Today:
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Lifestyle Income Guarantees: Shootin' It Straight With Stan
05/03/2023
Lifestyle Income Guarantees: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: Lifestyle income guarantee Making time for what truly matters What’s your lifestyle number? Key Takeaways: Annuities are the only category that provides income as long as you are breathing. There’s no ROI until you die. Since retirement is all about lifestyle, you’ve got to retire from the markets and put guarantees in place to sustain the life you want as long as you are breathing. Life is fleeting. Spend your precious days on things that are meaningful. Chapter two isn’t the time for stressing about politics or markets; it’s the time for you to be in the space of what truly matters, which is your life and your family. Your income floor is the amount of money you need to hit to pay the monthly bills, and your lifestyle income is the amount of money you need to live your life. If you’ve got your income floor covered, decide what your lifestyle income guarantee will be. "That same vigor, that same patriotism, that same inner drive that you have for others and your family, I need you to have it for you. That's where lifestyle income guarantees come in." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: YouTube: Get a Quote Today:
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4 Contractual Paths: Shootin' It Straight With Stan
04/26/2023
4 Contractual Paths: Shootin' It Straight With Stan
In this episode, The Annuity Man discusses: Not everyone needs an annuity MYGA to SPIA Who should get a deferred income annuity? The highest contractual guaranteed income rider Key Takeaways: Many of you out there don’t need an annuity right now, but when you need income, buy an immediate annuity by shopping all carriers and looking for the highest-yielding guarantee. The second way is called MYGA to SPIA. This is where you buy a five-year MYGA which gets a guaranteed interest rate. Then, at the end of the term, shop all immediate annuity carriers and do a non-taxable transfer into the highest-paying immediate annuity. Getting a deferred income annuity is the best for people who couldn’t care less about markets and want to lock and load a lifetime income stream with an option to ladder it. An indexed annuity or variable annuity, in most cases, has the highest contractual guaranteed income riders. You can’t cash it in, transfer it or send it back, but the income rider can still be toggled on or off depending on your preferred timing. If you need a bit more flexibility in your time, maybe an index annuity with an attached income rider fits you. "There's four ways to get there using annuities. None of the four are better than the other. — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: YouTube: Get a Quote Today:
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Terry Savage: Chicken Money Strategies That Work
04/25/2023
Terry Savage: Chicken Money Strategies That Work
In this episode, The Annuity Man and Terry Savage discuss: Responding to current financial issues The bulls, the bears, and the chickens Should you wait before taking social security? The biggest legacy you can leave Key Takeaways: Don’t panic at every scary event that you hear from the news. Recognize America’s history of resiliency and the crises the country has gotten through. Also, check for yourself if and how current financial issues affect you personally before reacting to them. In every stage of your life, you should divide the markets into the bulls, the bears, and the chickens. You should always have chicken money, it is the alternative to risk. Having discretionary funds that help you sleep at night is nothing to be ashamed of. If you have the financial ability to do so, consider waiting before taking Social Security until age 70. That’s because there’s roughly an 8% increase in your benefit per year in the years after your full retirement age. Your biggest responsibility isn’t the decisions you make or who you vote for, though those are really important. Your biggest responsibility is to pass down real history and to share the value of the American free enterprise capitalistic system to the younger generation. "Self-discipline is the essence of all decision-making. You don't want to be making decisions out of panic. You need to set money aside and decide where it's going. Peace of mind is priceless." — Terry Savage. Connect with Terry Savage: Website: YouTube: LinkedIn: Twitter: Facebook: New Book Link: Connect with The Annuity Man: Website: Email: YouTube: Get a Quote Today:
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Annuity Companies Aren't Smarter: Shootin' It Straight With Stan
04/19/2023
Annuity Companies Aren't Smarter: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: Will there be a “run” on an annuity company? How annuity companies manage bonds There’s no run on lifetime income Key Takeaways: Annuity companies are not smarter or better than banks; they are just more regulated. They also put things in place so there can’t be a run on the annuity company. Annuity companies and banks are buying the same investment-grade bonds. However, unlike banks, annuity companies don’t have to sell them, so they hold on to them. Contractual lifetime income is irrevocable, the annuity company is on the hook to pay as long as you are breathing, and when you die, 100% of any unused money goes to your beneficiaries. The income stream amount is a combination of a return of principal plus interest. "The bottom line: the annuity industry has put in place features to not only protect you, the consumer, which is their ultimate goal period but to protect the industry as well." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: YouTube: Get a Quote Today:
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Live off the Interest: Shootin' It Straight With Stan
04/12/2023
Live off the Interest: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: What does it mean to live off the interest? Living off guaranteed interest When interest rates go down If you can’t live off of the interest Key Takeaways: At the time of this taping, some money markets are 4, some CDs at five, and some MYGAs at five and a half. A lot of you out there have enough funds that whatever interests you can take off of those products is sufficient, and you never have to touch the principal. There's no guaranteed return with index annuities, variable annuities, or buffer annuities. That doesn’t mean they’re bad products, but if you can live off of a guaranteed interest, why not do that? When you lock in at a certain interest, it doesn’t matter if the interest rates go down in the market - you’ll benefit from what is contractually guaranteed. Suppose we can prove mathematically that we can’t hit your goal from living off of the interest. In that case, that’s when we’ll look for contractual guarantee products for lifetime income because they’ll provide a higher payback of your money. "You're going to ride that peeling off the interest as long as you can. You're gonna ride that train of never touching the principal and never paying a fee as long as you can, and if rates go down, then we will pivot " — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: YouTube: Get a Quote Today:
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Stan The Annuity Man: Off The Annuity Cuff
04/11/2023
Stan The Annuity Man: Off The Annuity Cuff
In this episode, The Annuity Man discussed: The state of the annuity industry Changes that are needed in the annuity industry Things that the annuity industry needs to get rid of Live your life and stop worrying so much Key Takeaways: The annuity industry is thriving. Companies show that they are going in the direction of utilizing technology to make it easier for consumers to purchase and access annuity services. Annuities are meant to be bought and not sold. Companies must incentivize agents to provide services to help consumers make the best decision for themselves and not for the agents by making all annuity types have the same compensation level. Annuity companies should strive to become more pro-consumer. The first step towards that is to get rid of backtested numbers which are misleading and fictitious from so many angles. They should also get rid of upfront bonuses. Live your life. Stop worrying so much. Enjoy what you have done, and be proud of what you’ve got. Money doesn’t solve problems or eliminate misery, but family and health do, and so does having a passion for something and communicating with others. "Everyone says ‘no one wakes up in the morning and just wants to buy an annuity.’ I have to disagree with that. I think that people that are looking for annuities are looking for a place where they can go get educated, look at the best quotes and then make a decision on their terms and their timeframe." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: YouTube: Get a Quote Today:
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10 Years Ago: Shootin' It Straight With Stan
04/05/2023
10 Years Ago: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: Why we should get rid of backtested numbers What an index annuity is and isn’t Don’t be the sucker at the table Key Takeaways: Backtested numbers capitalize on some of our most unwanted feelings such as regret and the feeling of missing out. We have to see those as what they really are: backtested numbers are garbage and should be illegal. An index annuity is not a market product, and it’s not a security. It is a fixed annuity and an efficient delivery system for an income rider guarantee. Don’t be the sucker at the table. If you get pitched a backtested number plus a “generous” upfront bonus, that’s how you know that they’re in it to get a commission out of you. "It could work in your favor, or It might not, but it's not free money. Annuities are for-profit businesses. Don’t buy the dream because you're going to own the contractual reality." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: YouTube: Get a Quote Today:
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If It Sounds Too Good to Be True: Shootin' It Straight With Stan
03/29/2023
If It Sounds Too Good to Be True: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: Smart people fall for schemes too Don’t trust the pitch Buy an annuity for what it will do Annuities are great products Key Takeaways: People that are smart fall for Ponzi schemes. Be wary of “secret” products that nobody or not many people know about. If you are shown backtested return numbers, that’s garbage. Those returns are not going to happen. Some of the annuity products pitched out there allow the annuity company to change the rules on how gains are calculated, and they can change those rules at their discretion. Buy an annuity for what it will do, not what it might do. If you buy the dream, you’ll own the contractual reality. When you realize what happened, it might already be too late to take it back. Annuities are great products, and they solve for many different things. Some solve for lifetime income, some for principal protection, and some for legacy or long-term care. They solve for specific goals contractually. "If it sounds too good to be true, it is every single time." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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John Lenz: The Banking Crisis & Annuities
03/28/2023
John Lenz: The Banking Crisis & Annuities
In this episode, The Annuity Man and John Lenz discuss: Required capital level of annuity companies Market value adjustment, surrender penalty, and pivoting with annuities What state-guaranteed funds are for Exposure and liabilities in the insurance industry Key Takeaways: When the annuity company invests their client’s money, they make sure to add capital over and above the asset to provide a safety net. That’s called a required capital level; insurance companies add multiples of that. The market value adjustment and the surrender penalty help protect the insurance company and its policyholders. However, you could buy an annuity without market value adjustment and guarantees a full refund. State guaranteed fund was an attempt by the insurance industry to create another additional layer of security for the policyholder. In an unusually catastrophic event where all redundancies had been found insufficient, the state insurance commissioner can order the company to be rehabilitated and strengthened. Reinsurance is complicated; an insurance company will take part of their liabilities and transfer those to another company. Most importantly, the company that issues the policy is still on a hook even if they reinsure. "There are layers of redundancy to try to keep insurance companies healthy, and it really works." — John Lenz Connect with John Lenz: Website: Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Push Comes to Shove: Shootin' It Straight With Stan
03/22/2023
Push Comes to Shove: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: What are MYGAs? How MYGAs work Locked in MYGAs Key Takeaways: MYGAs or fixed-rate annuities are the annuity industry’s version of a CD. The advantage is that you have full control over it, and you can transfer it back to where it came from or roll it to another one. There is no trigger function on MYGAs. The way it works is that you give the life insurance company that issues annuities a lump sum of money and they guarantee an interest rate for a specific period of time. Some MYGAs allow you to lock in the money for a specific period of time, which is the better choice if you just want the interest to compound and you don’t plan on touching it. "A push comes to shove MYGA… Push comes to shove, it allows you to take money out if you need it but you don't have to. But if push comes to shove, you can." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Surfing Beside a Cruise Ship: Shootin' It Straight With Stan
03/15/2023
Surfing Beside a Cruise Ship: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: Surfing beside a cruise ship Who wins in the markets? What should be your focus in your “chapter two?” Key Takeaways: Investing in the markets is like surfing beside a cruise ship. There are times that you will catch a wave and you'll just surf and it'll be fantastic, but there are also times you’ll get sucked under the boat. Big-money institutions win in the markets, they trade fast and trade constantly. The market is stacked against individual investors. There’s nothing wrong with playing the markets and taking a little risk. However, when you’re in chapter two, your focus should solely be on putting guarantees in place in order for you to enjoy your life’s work. "There's no need to roll the dice with a running start. There's no reason for that. You don't have to do that anymore. You need to focus on yourself, you need to take some risk off the table" — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: YouTube: Get a Quote Today:
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Jay Zawatsky: How Debt & Energy Connect
03/14/2023
Jay Zawatsky: How Debt & Energy Connect
In this episode, The Annuity Man and Jay Zawatsky discuss: The origin of the United State’s debt pile Why we need to increase the amount and affordability of energy Hydrogen is the key to energy dominance The problems that hydrogen solves Key Takeaways: Lifespans have increased for workers that pay into the social security system. Therefore, according to the trustees of the Social Security system, it’s projected that they will be unable to pay the full benefits by 2034. This doesn’t mean that people won’t get any amount, just not the full amount unless there are major changes made in the system. If we want to undo the debt pile, we have to increase productivity. That means that we also need to increase the amount and affordability of energy since without energy, nothing gets done. Our country’s focus shouldn’t be on welfare-warfare but on energy dominance. To do that, we’ve got to use a more viable source of energy in the form of hydrogen. It can be extracted from water through electrolysis and it burns just like natural gas. Hydrogen solves a lot of problems. For those worried about global warming, hydrogen doesn’t create any carbon dioxide - it’s just water back to water. It’s also done without subsidies, so it doesn’t cost the taxpayer anything. "The only way to save America is to re-energize America. And the only way to do it is with hydrogen, because it solves all the problems that we have" — Jay Zawatsky More from Jay Zawatsky: Published articles in The National Interest magazine: Connect with The Annuity Man: Website: Email: YouTube: Get a Quote Today:
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Chapter 2 Is About You: Shootin' It Straight With Stan
03/08/2023
Chapter 2 Is About You: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: Pivoting doesn’t mean slowing down Why pivoting to retirement is hard Cherish your chapter two Key Takeaways: Retirement doesn’t mean that you’re slowing down, it just means that you’re going to pivot to chapter two of your life where you are hopefully spending time doing the things that you love to do. It’s hard to pivot and actually take care of yourself. You’ve gotten used to pushing yourself past your limits, putting your family first, and letting them have the good stuff while you try to take as little as possible from your hard work. That ends in chapter two because it would all be about you and your spouse. Chapter two may just be a year or two or 10 or 15 years or more. The point is, we don’t know when we’ll pass, so it’s important to cherish your chapter two. "Chapter two is about you. And Chapter Two needs to be a daily ascent to the mountain of fun, a daily journey to take care of yourself, a daily checklist of things you want to do. However frivolous and crazy, they might seem, annuities can get you there." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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4 Words: Shootin' It Straight With Stan
03/01/2023
4 Words: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: The four words you must focus on The difference between a CD and a MYGA Seize the day with these interest rates What should you do when the rates go down? Key Takeaways: In the current interest-rate environment that we’re in, between CDs, treasuries, and multi-year guaranteed annuities, allow many of you out there to live off of contractually guaranteed interests. MYGAs are the annuity industry’s version of a CD. The difference between a Maiga and a CD is that in a non-IRA account, the Maiga interest grows and compounds tax-deferred. Also, CDs are issued by banks and brokerage firms, while MYGAs are issued by insurance companies that issue annuities. Seize the day with these interest rates. No one knows where they’re headed, but right now, at the time of this episode’s taping, they’re in a really good place. Don’t try to predict the future. Live for today and take the contractually guaranteed rates that are available. If they go down in the future, then you may think about how you could pivot by buying an immediate annuity to make up for that loss. "if you have an asset base where you can combine annuities, MYGAS, CDs, and treasuries and live off the interest, why wouldn't you? Why wouldn't you do that?" — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Mark Iwry: Retirement Visionary & QLAC Champion
02/28/2023
Mark Iwry: Retirement Visionary & QLAC Champion
In this episode, The Annuity Man and Mark Iwry discuss the following: What is a QLAC? One of the best features of a QLAC Structuring a QLAC with cash refund Why QLACs aren’t popular Key Takeaways: A QLAC or a Quality Longevity Annuiy Contract is a deferred annuity that’s helpful for people trying to save for retirement and want security in retirement in the form of a guaranteed lifetime income. You don’t have to worry about Required Minimum Distribution rules when you buy deeply deferred annuities. One of the best things about the QLAC is that it allows you to take your personal IRA and attach your spouse as a lifetime income participant. Meaning when you pass away, your spouse will benefit. QLACs can be structured with cash refund, which means that the annuity company will not keep your money when you die even though they are on the hook to keep paying you while you are breathing. The reason why QLACs are unpopular is because it’s such a simple and straightforward product that it isn’t as profitable for the company as it is for their other products. There’s no room for agents to attach bells and whistles that cost their clients extra. "People need health security, and they need retirement security. We have social security, and we have Medicare to take care of those two things. On top of Social Security, we've got our private pension system, and on top of Medicare, we've got our private health care system. " — Mark Iwry Connect with Mark Iwry: LinkedIn: About Mark: Connect with The Annuity Man: Website: Email: YouTube: Get a Quote Today:
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The Scarlet Letter A: Shootin' It Straight With Stan
02/22/2023
The Scarlet Letter A: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: Social security is an annuity Why you can’t hate all annuities Structuring annuities Having contractual guarantees in place Key Takeaways: If annuities are all bad, then nobody should claim their pensions. Social security is an annuity, one that you already own. You can’t “hate all annuities”; it’s like saying you hate all restaurants. There are many different ways to structure an annuity, each serving a different purpose. Anyone who says they hate all annuities doesn’t know what they are talking about. The annuity company doesn’t have to take the money when you die. You have the choice to structure it so that it goes where you want it to go when you pass away. Would you rather take a 7-8% return and shoulder the risk, or would you rather have a contractually guaranteed 5% and transfer all the risk to the annuity company? When you’re getting ready for retirement, you need to already have contractual guarantees in place so that you can just live for the day. "Annuities are not for everyone. But annuities are good. Annuities are contractual. Annuities are transfer of risk products. " — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Market Needles or Annuity Haystacks: Shootin' It Straight With Stan
02/15/2023
Market Needles or Annuity Haystacks: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: Threading the needle with volatility Freedom from volatility Annuities are the haystack Time to secure guarantees Key Takeaways: Threading the needle to get market returns makes you dependent upon so much unknown. You’re dependent on world markets, geopolitical events, and meltdowns that are impossible to predict. A lot of people can retire from their jobs and the market, and they should; those who can’t yet should make it a goal to do that and be free from being dependent on volatility. There’s no threading the needle for principal protection; there’s no finding the needle in a haystack for lifetime income. You don’t need to find a needle; you need the haystack. Use an annuity to have the highest contractual guarantee. What phase of your life are you in right now? If you’re in the no-go stage, then it’s time to stop losing sleep over the markets, and it’s time to secure guarantees. "Investing in markets a lot of times is like surfing the side of a cruise ship. Sometimes you’re going to catch a wave right beside that cruise ship, but a lot of times, you’re going to get sucked under the boat." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Pam Krueger: Your Wealthramp to Fiduciary Advice
02/14/2023
Pam Krueger: Your Wealthramp to Fiduciary Advice
In this episode, The Annuity Man and Pam Krueger discuss: Should you trust people not held to a fiduciary standard? The advantage of buying a registered advisor The mark of a great financial advisor Two questions you must ask your advisor Key Takeaways: There are a lot of self-described advisors working at brokerage firms or insurance companies. They are not necessarily bad people or bad advisors but work for a business model that has consciously chosen not to be held to the legal fiduciary standard. Hiring an advisor who is held to a fiduciary standard is advantageous to a client. Anytime the client feels that the advisor has mismanaged their finances, the burden of proof will be on the advisor. Humility is the x-factor in an advisor. A good advisor is not in it just to live off of their client’s money, but to offer their expertise for the client’s good. Ask them first who are their typical clients and what they do for them. Then, ask them how their clients pay them. Relax and take your time, but go straight into business. "Fiduciary is not a frame of mind. Fiduciary is not a mood you're in. A fiduciary standard is a legal standard." — Pam Krueger Connect with Pam Krueger: Website: | LinkedIn: Twitter: Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Fly First Class or Your Kids Will: Shootin' It Straight With Stan
02/08/2023
Fly First Class or Your Kids Will: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: There are no U-Hauls behind hearses Why aren't you spending your money? Fly first class, or your kids will The millionaire next door Key Takeaways: The phrase “there are no U-Hauls behind hearses” means that you don’t get to keep anything you’ve amassed when you’re dead. It will hopefully be a wake-up call for many to live life for the day and spend the money that they’ve earned on themselves. Ask yourself what really is the reason why you’re not spending your money on what you want. Bring some self-awareness through that question and challenge those thoughts with math and rationality. Challenge it with math and rationality. Either fly first class or your kids will. If you don't have kids, it's a no-brainer, spend your money and leave whatever's left to charity. If you have any legacy goals or family members you want to leave the money to, you can do that. The millionaire next door is you. You weren’t given your money based on a lottery, genetic, or otherwise. You worked hard forever, and now you can afford the things you want. Check the price, see if it’s worth it, and buy it. "All I'm asking you to do is upgrade your life because you've earned it and deserve it." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Hire An Advisor That Grew Up Poor: Shootin' It Straight With Stan
02/01/2023
Hire An Advisor That Grew Up Poor: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: People who grew up poor see money differently The difference is in the perspective Checking the background of your advisor Your retirement is not a game Key Takeaways: People who experience poverty see money differently and often have a healthy respect for it. It would hurt them personally to see money lost, even when it’s another person. A person who grew up rich isn’t necessarily going to be a bad financial advisor. However, there is a huge difference in perspective. People who grew up poor don’t see money as replaceable. Your money should be a big deal for your advisor as it is for you. Don’t be afraid to ask questions about your advisor’s background. It’s your money, not theirs, so you’ve got to ensure that the right people will steward your money. Do not let people treat your money and retirement like a game. Have them treat it personally, own it, and feel horrific if something bad goes wrong with your money. "Financial advice is not a game. The markets are not a game. Your retirement is not a game. Your lifestyle is not a game. Do not let people treat it like a game." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Terry Savage: The Savage Financial Truth in 2023
01/31/2023
Terry Savage: The Savage Financial Truth in 2023
In this episode, The Annuity Man and Terry Savage discuss: The national debt will not default Speculating on bitcoin Inflation, debt, and layoffs An annuity is not an investment Key Takeaways: Stop panicking. The national debt will not default. Think rationally about this instead of listening to bad opinions on television. There’s no financial strategy for the end of the world, so it’s not really worth thinking about. Live your life. If you want to be a speculator, you might as well speculate on soybean futures or go to a casino and find your game of choice. A lot of people get burned by betting on bitcoin. Invest legitimately and rationally. When there are huge layoffs, two things happen. First, companies discover how they can do things more efficiently. Second, those laid off realize they can compete with the company that just fired them. That’s the beauty of capitalism. Do not make the mistake of thinking that an annuity is an investment. You’re going to be pitched the dream, don’t buy it because the contractual realities will hit you hard. "Beware of debt. Show some responsibility. Talk to anyone you can around you." — Terry Savage. Connect with Terry Savage: Website: YouTube: LinkedIn: Twitter: Facebook: New Book Link: Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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3 Years In or 3 Years Out: Shootin' It Straight With Stan
01/25/2023
3 Years In or 3 Years Out: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: Locking in for three years and over The top three safest money When to go for CDs and treasuries Key Takeaways: Ask yourself how long you want to lock the money in for. MYGAs provide the highest contractual guarantee if it’s three years and over compared to CDs and treasuries. The safest money out of all three would be treasuries, the second safest money is CDs, and the third safest would be MYGAs. Buy treasuries only from treasurydirect.gov. If you’re going to lock in money for three years and in, the better option would be to go for CDs and treasuries because if it’s less than three years, MYGAs historically will not provide the highest contractual guarantee. "Three years and in CDs and treasuries three years and out multi-year guarantee annuities." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Buy The Annuity Drink: Shootin' It Straight With Stan
01/18/2023
Buy The Annuity Drink: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: You can afford the drink Stop making table lemonade Math is the medicine Taking baby steps Key Takeaways: You can afford the drink so go ahead and buy it. Don’t let the scars of scarcity control your life’s decisions. Live your life. Stop making table lemonade. Practices you’ve acquired while trying to survive scarcity are no longer necessary where you are now. Take a rational accounting of how much you really have, and don’t base your spending decisions on what you feel. Math is the medicine that counteracts the scars of scarcity. You’ve been generous to other people, but you have not been generous to yourself. Change your habits and realize you have enough money to live your life. "We all have had friends that have died prematurely. It should be a real wake-up call for you to buy the drink and not make the table lemonade." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Bob Carlson: The Essential Guide to Retiring in 2023
01/17/2023
Bob Carlson: The Essential Guide to Retiring in 2023
In this episode, The Annuity Man and Bob Carlson discuss: Changes in 401k and IRA provisions Why you should spend time on income taxes Generating guaranteed lifetime income Be prepared to adapt your plan Key Takeaways: The Secure Act 2.0 gives provisions that are designed to make employer retirement plans more available and to get more employees participating in the plans. The required minimum distribution’s beginning age has also been bumped to 75, and catch-up contributions are being increased for IRAs and 401ks. People don’t spend enough time on their income taxes. People shouldn’t forget that not everyone pays lower taxes when they retire, some will be in the same bracket, and Congress avoids tax increases but has added provisions that, in effect, work like stealth taxes. Accumulate as big of a balance as possible, then find a way to turn it into cash flow for your retirement phase. Generate guaranteed lifetime income through social security or employer pension, then start looking at putting money into SPIAs or MYGAs to generate that income gap. Be prepared for change. Know that your retirement plan is not set in stone; it’s something that you have to review regularly. See where your assumptions are wrong, where you've changed, where the tax law and other things outside your purview have changed, and adapt your plan to that. "Anticipate change, be prepared for it. Know that your retirement plan is not set in stone. It's not a roadmap; it’s something you have to review regularly. " — Bob Carlson. Grab a copy of Bob Carlson’s, The Essential Guide To Retiring In the 2020s by clicking on this link: Connect with Bob Carlson: Website: Facebook: Twitter: Most Recent Book: Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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