“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 and Timing The Cost of Waiting: Shootin' It Straight With Stan
03/05/2025
Annuities and Timing The Cost of Waiting: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: You can’t time annuities Annuities provide guarantees The cost of waiting Annuities are not bought for market growth Key Takeaways: You can't time the market when it comes to annuities - there is no "perfect" time to buy. Annuities can provide different contractual guarantees like principal protection, lifetime income, legacy, and long-term care coverage. There is a cost to waiting to purchase an annuity, as you may miss out on payments. Do not buy annuities for market growth, but rather for the contractual guarantees they provide. "There is a cost of waiting. Does that cost pay off? If you wait, it can pay off for lifetime income because you're older, but you have to factor in the payments that you missed while you were waiting to get the higher payment." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Gap Filling Income Strategies Before Social Security: Shootin' It Straight With Stan
02/26/2025
Gap Filling Income Strategies Before Social Security: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: Gap Filling and Annuity Options: Social Security Timing and Considerations: Balancing Emotional and Financial Well-being: Flexibility and Lifetime Guarantees with Annuities: Key Takeaways: You need to find ways to cover your income needs before Social Security kicks in, typically from ages 62 to 70. Consider using strategies like Single Premium Immediate Annuities (SPIAs) or Multi-Year Guarantee Annuities (MYGAs) to provide contractual income during this gap. SPIAs pay a guaranteed income for a specific term, while MYGAs offer a fixed interest rate with the potential to preserve your principal. When deciding whether to take Social Security at age 65 or 70, consider your personal circumstances. Factor in the payments you'll miss while waiting for a higher payout and how long it will take to recoup those amounts. Think about living for the present and enjoying your money now rather than solely focusing on maximizing every penny. Reflect on the emotional and lifestyle aspects of your financial planning. Prioritize your personal happiness and well-being by doing things for yourself and living life to the fullest. Stan encourages turning on the lifetime income stream sooner rather than later, especially if you've spent a lifetime scrimping and saving. Use annuities to provide both lifetime guarantees and gap-filling strategies. Explore these options based on your specific needs and circumstances to bridge the gap between now and when Social Security kicks in. Consider both period certain Immediate Annuities for guaranteed income over a specific term and MYGAs for interest income while preserving your principal. "If it sounds too good to be true, it is. Every single time. There are limitations to every strategy. You just have to weigh the good and the bad to see if it makes sense." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Lifestyle Income Guarantee: Shootin' It Straight With Stan
02/19/2025
Lifestyle Income Guarantee: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: Retirement planning essentials Achieving financial security in retirement Determining a lifestyle number Key Takeaways: Lifestyle income guarantees are crucial for retirement planning, allowing retirees to live their desired lifestyle without worrying about market fluctuations or economic uncertainties. Annuities are the only financial products that can provide contractually guaranteed lifetime income, which can be combined with other sources like Social Security and pensions to achieve financial security. It's important to determine a "lifestyle number" - the monthly income needed to live comfortably and enjoy retirement, beyond just covering basic expenses. A combination of financial products can be used to achieve this lifestyle income guarantee. "At the end of the day, it's about your lifestyle. It's about living chapter two of your life, and checking off all those boxes and making sure that you maximize every single day and be happy about it every day." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Annuity Companies Are Not Smarter Than Banks: Shootin' It Straight With Stan
02/12/2025
Annuity Companies Are Not Smarter Than Banks: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: Annuity companies are more regulated than banks Features that protect the annuity industry There is no run on annuities How the banking crisis will affect the annuity industry Key Takeaways: Annuity companies are more regulated than banks, with features like surrender charges and market value adjustments that prevent runs on the company. Annuity companies are required to invest in investment-grade bonds, providing stability, unlike banks that had to sell bonds during the recent crisis. Lifetime income products offered by annuity companies, such as SPIAs and DIAs, are irrevocable and provide a guaranteed income stream for life, preventing panicked withdrawals. The National Association of Insurance Commissioners (NAIC) plays a crucial role in overseeing annuity companies and protecting consumers, and the recent banking crisis will likely lead to increased oversight of the annuity industry. "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: Book: : YouTube: Get a Quote Today:
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4 Contractual Paths to Income Later: Shootin' It Straight With Stan
02/05/2025
4 Contractual Paths to Income Later: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: 4 contractual paths to future income Factors that affect the suitability of a plan for your situation Immediate Annuities No free lunch Key Takeaways: There are 4 main contractual paths to achieve future income: 1) Buying an immediate annuity when income is needed, 2) Using a "My Go-To SPIA" Fixed-Rate Annuity, 3) Purchasing a deferred income annuity (DIA), and 4) Buying an Indexed Annuity with an Income Rider. Each of the 4 options has its own advantages and disadvantages, and the best choice depends on the individual's specific needs, goals, and preferences around factors like control, flexibility, and predictability of the income stream. Immediate annuities are straightforward "commodity" products that simply transfer risk, while DIAs provide a guaranteed future income stream that can be calculated in advance. Income riders on indexed annuities offer flexibility but come with tradeoffs. Understand the nuances of each option and don’t fall for overly-optimistic sales pitches, as there is no "free lunch" when it comes to annuities. "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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The Reality of Inflation: Shootin' It Straight With Stan
01/29/2025
The Reality of Inflation: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: Should you complain about inflation? The people actually impacted by inflation Annuity products that provide solutions for inflation Avoiding media influence regarding inflation Key Takeaways: Stop complaining about inflation. For those who have worked hard and saved, higher prices for groceries and gas are manageable. Focus on living your life to the fullest rather than worrying about inflation. Recognize the reality that 60% of Americans are living paycheck-to-paycheck and are severely impacted by inflation. While it's understandable to be concerned, those with significant savings should not let inflation dominate their financial decisions. Be wary of annuity products that claim to provide solutions for inflation. Annuity companies do not give anything away, and any potential inflation adjustments come with significantly reduced initial payments. Stop being influenced by constant media coverage of inflation. Inflation is a long-term issue that will always be present, but it should not dictate your daily life and enjoyment. Focus on your health, family, and living in the present. "Buy the eggs, buy the milk, fill the cart with gas, do the best you can and go live your life to the fullest every single day. Buy nice stuff if you can afford it. Buy nice food if you can afford it. But don’t complain about it while you’re doing it." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Building a Pension from Scratch: Shootin' It Straight With Stan
01/22/2025
Building a Pension from Scratch: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: Using annuities to create a pension The best inflation annuity Focusing on guarantees Key Takeaways: Annuities can be used to create a personal pension that provides a guaranteed lifetime income stream, similar to a traditional pension. The main annuity types discussed are Single Premium Immediate Annuities (SPIAs), Deferred Income Annuities (DIAs), Qualified Longevity Annuity Contracts (QLACs), and Income Riders. Social Security is considered the best inflation annuity and pension, and no commercial annuity can fully protect against inflation without significantly reducing the initial payment. Relying solely on Social Security may not be enough for many retirees. When evaluating annuities, the focus should be on the contractual guarantees, not hypotheticals or marketing claims. The "best" annuity is the one that provides the highest contractual guarantee tailored to the individual's specific needs and situation. "There is no “best [annuity]”, regardless of what your agent or advisor might tell you. Best means highest contractual guarantee. Best means solving for your specific situation." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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When Annuitization Becomes the Final Choice: Shootin' It Straight with Stan
01/15/2025
When Annuitization Becomes the Final Choice: Shootin' It Straight with Stan
In this episode, The Annuity Man discussed: Options that annuities provide Living off interest When to annuitize Laddering interest rate movements Key Takeaways: Annuities provide more options than just immediate lifetime income annuities. There are various types like Multi-Year Guarantee Annuities, Index Annuities, Variable Annuities, and Deferred Income Annuities that can be used for different income needs. With current interest rates, it may be possible to live off the interest from a portfolio of fixed-rate annuities and CDs without having to annuitize and lock in a lifetime income stream. This can provide more flexibility. Annuitization should be viewed as a last resort option if interest rates drop significantly and living off the interest is no longer sufficient. It's important to maintain a diversified approach. When using fixed-rate annuities and CDs for income, it's recommended to ladder the products to avoid having to time interest rate movements. This provides more stability and flexibility. "Annuitization at this point in time, for a lot of you out there that have large sums of money, is a last resort. And we will go there if rates move down, but if they remain at these levels at the time of this tape and they go up from here, then you're going to be able to, potentially, hopefully, depending on what your income needs are, take the interest and never touch the principle." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Strategic Retirement Planning Using Annuities: Shootin’ It Straight With Stan
01/08/2025
Strategic Retirement Planning Using Annuities: Shootin’ It Straight With Stan
In this episode, The Annuity Man discussed: The Annuity Pill Questions to ask when considering an annuity Annuities are contracts Key Takeaways: Remember the acronym PILL, as the four primary things that annuities solve for. P stands for principal protection, I stands for income for life, the first L stands for legacy, and the other L stands for long-term care. When considering an annuity, ask yourself these two important questions: “What do you want the money to contractually do?” and “when do you want those contractual guarantees to start?” Annuities are great if you buy them only for their contractual guarantees. You own an annuity for what it will do, not what it might do so buy wisely. "Annuities solve for four primary things: principal protection, income for life, legacy, and long-term care and if you don't need to solve for these items, then you do not need an annuity of any type. " — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Can a 9-Year-Old Understand Your Annuity?: Shootin' It Straight With Stan
01/01/2025
Can a 9-Year-Old Understand Your Annuity?: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: Buy only what you understand Don’t fall for bad sales tactics Seeking the facts Key Takeaways: Annuities should be simple and easily understandable; if not, avoid purchasing them. Don't fall for misleading sales tactics, bonuses, or unrealistic projections from agents motivated by personal gain. There are extensive options for index annuities, but few experts; exercise caution, do not trust sales pitches, and seek factual information from credible sources. "If you can't explain it to a 9-year-old, you shouldn't buy it." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Annuities Are for Do-It-Yourselfers: Shootin' It Straight With Stan
12/25/2024
Annuities Are for Do-It-Yourselfers: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: Annuities are DIY products Focusing on contractual guarantees What annuities solve for Key Takeaways: Annuities are do-it-yourself products that allow self-management without advisor fees. Annuities provide contractual guarantees, and shopping for carriers with the best rates is important. Annuities are for do-it-yourselfers focused on contractual guarantees, not hypotheticals, sales pitches, or hype. Annuities can solve principal protection, income for life, legacy, and long-term care needs for pro-consumer buyers. "For all of you do-it-yourselfers out there that's been managing your own money… annuities are right up your alley because they are do-it-yourself products." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Interest Rates & Annuities: Shootin' It Straight With Stan
12/18/2024
Interest Rates & Annuities: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: How lifetime income is priced Don’t time annuity purchases Laddering annuities Key Takeaways: Lifetime income annuities are primarily based on your life expectancy. Interest rates play a secondary role in the pricing. Higher interest rates will positively impact annuity pricing. Don't try to time the market for annuity purchases; base decisions on contractual guarantees. Consider laddering annuity purchases to take advantage of future pricing changes. "Remember, lifetime income annuities are primarily based on your life expectancy or life expectancies if joint at the time you take the payment. Interest rates play a secondary pricing role." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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MYGA-2-SPIA for Full-Control Annuity Income: Shootin' It Straight With Stan
12/11/2024
MYGA-2-SPIA for Full-Control Annuity Income: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed: What a MYGA and SPIA is MYGA to SPIA Strategy Flexibility and Control Key Takeaways: MYGA is the annuity industry's version of a CD, offering locked-in, non-callable interest rates annually. SPIA is the original lifetime income annuity, with a long history dating back to Roman times and used for pension payments. Use a MYGA to lock in a guaranteed interest rate for a specific duration, such as five years then take out interest or up to 10% penalty-free, depending on the specific MYGA. At the end of the duration, the Myga can be transferred to a SPIA, with a non-taxable event transfer. The MYGA to SPIA strategy takes advantage of the control and flexibility that these two products offer. MYGAs and SPIAs also do not have any annual fees, which makes them very cost-effective. "You can have your cake and eat it too - just a few bites. You can protect the principal. You can peel off interest, if needed, during that duration of the MYGA, and at the end of that term, you have full control of the asset." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Enhancing Your Retirement Plan With Annuities: Shootin’ It Straight With Stan
12/04/2024
Enhancing Your Retirement Plan With Annuities: Shootin’ It Straight With Stan
In this episode, The Annuity Man discussed: What annuities are for Establishing an income floor How to actually adjust for inflating needs Securing an income stream through annuities Key Takeaways: Annuities provide contractual guarantees for principal protection, lifetime income, legacy, and long-term care (PILL acronym), offering advantages over market investments focused solely on growth. Prioritize establishing an income floor or guaranteed income stream, particularly through fixed annuities, to cover essential expenses in retirement. Reject cost-of-living adjustment annuities and instead incrementally purchase additional annuities to address inflating needs in retirement. Income flooring through annuities is especially important for securing a spouse's income stream after the death of a partner, providing a contractual, guaranteed income stream that is more reliable than the 4% withdrawal rule. "Annuities for lifetime income is the only product category that's going to pay for as long as you're breathing. You're transferring the risk to the annuity for the life insurance company that issues the annuity." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Comparing Index Annuity Income Riders and Dias: Shootin’ It Straight With Stan
11/27/2024
Comparing Index Annuity Income Riders and Dias: Shootin’ It Straight With Stan
In this episode, The Annuity Man discussed: An overview of Deferred Income Annuities Finding the best fit Income Riders attached to Indexed Annuities Key Takeaways: DIAs are essentially single premium immediate annuities deferred past one year. It has no moving parts, no annual fees, and no market attachment, making it a straight transfer of risk for lifetime income. DIAs can be used in Roth and traditional IRAs, and are taxed based on the account type. DIAs are efficient, no-cost, no-fee transfer-risk pension products that can be deferred for up to 40 years. Compare DIAs and income riders on Fixed and Indexed Annuities to find the best fit based on contractual guarantees and flexibility. Income Riders attached to Indexed Annuities provide future income needs. Income Riders are separate ledgers that cannot be cashed in or transferred but can be used to determine a lifetime income stream. They offer flexibility, such as a 10% free withdrawal annually, but this can disrupt the income rider guarantee. Compare both DIAs and income riders using the four filters: contractual guarantees, carrier ratings, flexibility, and fees. "Don't fall for sales pitches. These are contractually guaranteed commodity products. There's not one that's better than the other, and if you use those four filters, you're going to make a good decision." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Hidden Truths & Facts About Fixed Index Annuities: Shootin’ It Straight With Stan
11/20/2024
Hidden Truths & Facts About Fixed Index Annuities: Shootin’ It Straight With Stan
In this episode, The Annuity Man discussed: Why are Indexed Annuities sold in a misleading way? Indexed Annuities are not growth products What annuities are for Key Takeaways: Because Indexed Annuities are a high-commission product for agents, they are often promoted in a misleading manner, obscuring their true nature and limitations. Indexed Annuities are not growth products, they are designed for principal protection, CD-type returns, and Income Riders. Indexed Annuities lack dividends, limiting their potential for growth. When it comes to annuities, remember that you should only base your buying decision on contractual guarantees. Annuities solve for these specific goals: Principal protection, Income for life, Legacy, and Long-term care. "The upfront bonus is candy for the stupid. Buying an Index Annuity for that upfront bonus is like buying a brand-new car for the stereo system. That should be irrelevant to your decision." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Stan The Annuity Man: New Realities of Annuity Recommendations
11/19/2024
Stan The Annuity Man: New Realities of Annuity Recommendations
In this episode, The Annuity Man discussed: The Annuity PILL Choosing an annuity carrier Putting the client’s best interest first The future of the annuity industry Key Takeaways: The acronym PILL stands for Principal Protection, Income for life, Legacy, and Long-term care. If you don’t need to contractually solve for one or more of those items in the PILL, then you don’t need an annuity of any type. Never buy an annuity for market growth. Once you’ve determined what you want the money to contractually do and when you want the guarantees to start, we’ll shop all carriers, listing all the top contractual guarantees offered. Annuities are commodity products. Some carriers should not be recommended even if they offer the highest contractual guarantees. These carriers either do not or do not have the capability to put the client’s best interest first. There are some processing issues, hiring issues, and workforce issues, but all will be solved. It’s going to be a bumpy ride, but the industry is on the way to fixing problems and improving systems. "My grandfather always told me, ‘If you tell the truth, you don't have to remember anything.’ That is our business model." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Strategic Retirement Planning Using Annuities: Shootin’ It Straight With Stan
11/13/2024
Strategic Retirement Planning Using Annuities: Shootin’ It Straight With Stan
In this episode, The Annuity Man discussed: The Annuity PILL The best inflation annuity Annuities are a transfer of risk Key Takeaways: Annuities provide lifetime income, principal protection, legacy planning, and long-term care benefits. If you’re not solving for any of those, then you don’t need an annuity. Social Security is the best inflation annuity and you can use it along with pensions to establish an income floor. Annuities offer contractually guaranteed solutions by transferring risk to insurance companies. "Remember that you own an annuity for what it will do, not what it might do." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Tailoring Fixed Index Annuities to Your Specific Goals: Shootin’ It Straight With Stan
11/06/2024
Tailoring Fixed Index Annuities to Your Specific Goals: Shootin’ It Straight With Stan
In this episode, The Annuity Man discussed: The purpose of Fixed Index Annuities Buying only for contractual guarantees Why some agents oversell Index Annuities Understanding contractual guarantees Key Takeaways: Fixed Index Annuities are designed for principal protection and lifetime income, not market growth. Buy annuities only for contractual guarantees not for upfront bonuses or agent projections. Index Annuities are complex products often oversold by agents for high commissions. Buyers should thoroughly understand contractual guarantees before purchasing Fixed Index Annuities. "This is your money. Don't believe the hype, believe the contract and own an annuity for what it will do, not what it might do." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Steve Parrish: Why QLACs Will Rival Roth IRA Popularity
11/05/2024
Steve Parrish: Why QLACs Will Rival Roth IRA Popularity
In this episode, The Annuity Man and Steve Parrish discuss: What are QLACs? Transferring longevity risks Creating a secure income floor in retirement How annuities are priced Key Takeaways: QLACs (Qualified Longevity Annuity Contracts) are a pro-consumer annuity product that allows transferring longevity risk by using IRA assets for lifetime income guarantees via insurance companies. Longevity risks require pooling mortality credits via longevity annuities from highly-rated carriers to ensure lifelong income. QLACs provide a secure income floor in "chapter two" (retirement), avoiding RMDs (Required Minimum Distributions) and offering no fees. Annuities are better for longevity risk pooling and income than the flawed 4% withdrawal rule. Annuities are primarily priced based on life expectancy, interest rates play a secondary role in that computation. "Older you is not going to be the same as the younger you. Take my word for it. You want to have peace of mind. You're not going to want to have to call your broker every month when the economy is going crazy. You want to play with your grandkids, go golfing, whatever, and to know that you've locked in some income." — Steve Parrish Connect with Steve Parrish: Blog posts: Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Avoiding Common Pitfalls With Annuity Purchases: Shootin’ It Straight With Stan
10/30/2024
Avoiding Common Pitfalls With Annuity Purchases: Shootin’ It Straight With Stan
In this episode, The Annuity Man discussed: Focusing on contractual guarantees What annuities solve for Common annuity pitch traps Key Takeaways: Avoid non-guaranteed hypotheticals and focus on contractual guarantees when considering annuities. Buy annuities for specific needs like principal protection, income, long-term care, or legacy, not for market returns. Be wary of urgency sales pitches, steak dinner seminars, advisors behaving like friends, backdated performance illustrations, promised market participation with no downside, upfront bonuses, and showing other clients' accounts as proof of returns. "Do not fall for market upside but no downside. Do not fall for market participation with principal protection. All those yummy sales pitches that look like they should go on a t-shirt. Do not fall for that. Do not fall for the upfront bonus." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Fixed Annuities Explained: Which One Is Right for You?: Shootin’ It Straight With Stan
10/23/2024
Fixed Annuities Explained: Which One Is Right for You?: Shootin’ It Straight With Stan
In this episode, The Annuity Man discussed: Transferring risk through annuities The annuity PILL Annuities are for guarantees and not growth Key Takeaways: Fixed Annuities provide lifetime income by transferring longevity risk to insurance companies. They offer over 40 different structures, such as life/joint life with cash/installment refund. Buy annuities only if your goal is any of these: principal protection, lifetime income, legacy options, and long-term care coverage. Annuities are contracts. They are bought for contractual guarantees and not hypothetical or theoretical market growth. "With good information, you can make good decisions." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Jack Lenenberg: New LTC Product to Disrupt the Industry
10/22/2024
Jack Lenenberg: New LTC Product to Disrupt the Industry
In this episode, The Annuity Man and Jack Lenenberg discuss: Annuities and long-term care The three primary types of long-term care coverage Tailored long-term care Planning for the future Key Takeaways: Annuities provide principal protection, lifetime income, legacy planning, and long-term care coverage for uninsurable individuals. Long-term care insurance providers offer cash indemnity benefits without requiring receipts for paid caregivers. The three primary types of long-term care coverage are traditional standalone long-term care insurance policies, asset-based life insurance policies, and asset-based long-term care annuities. Asset-based long-term care provides customizable inflation-adjusted lifetime benefits, allowing clients to design plans tailored to their needs and budgets, with the option to recoup unused funds. People need income, legacy, and long-term care planning regardless of interest rates or politics, and these products help eliminate stress by transferring risk. Therefore, initiation conversations with your family, update your documents, and work with a professional team. "Regardless of insurance and products, when it comes to long term care planning, the most important thing for our clients is to have conversations with your family, with your loved ones, with your children." — Jack Lenenberg Connect with Jack Lenenberg: Website: LinkedIn: Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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The Annuity Truth About Bonuses, Rates, Caps & Spreads: Shootin’ It Straight With Stan
10/16/2024
The Annuity Truth About Bonuses, Rates, Caps & Spreads: Shootin’ It Straight With Stan
In this episode, The Annuity Man discussed: Annuity marketing gimmicks The complexity of Indexed Annuities What annuities are for Key Takeaways: Bonuses for annuities are marketing gimmicks and provide no real value. Contractual guarantees are the most important aspect of annuities. Indexed annuities are complex products with components like caps, spreads, and participation rates that limit upside gains. These components can change annually, making the product difficult to understand. Annuities are designed for risk transfer through contractual guarantees, not market growth. Traditional investment vehicles are better options for market growth. "Annuities, regardless of the type are transfer of risk, contractual, guaranteed products. It's a contract between you and the life insurance company." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Annuity Tips: The Annuity Man’s Index Annuity Strategies: Shootin’ It Straight With Stan
10/09/2024
Annuity Tips: The Annuity Man’s Index Annuity Strategies: Shootin’ It Straight With Stan
In this episode, The Annuity Man discussed: How to use Indexed Annuities efficiently The two sides of an indexed annuity Focusing on what annuities really do Key Takeaways: Indexed Annuities can be used as an efficient delivery system for Income Riders, which provides guaranteed lifetime income. There are two sides to an Indexed Annuity: the accumulation value (hopes and dreams) and the income rider amount (guaranteed lifetime income). Focus on contractual guarantees and avoid misleading information. Don’t attend seminars that offer unrealistic returns and instead, focus on what annuities will actually do. "You should never buy any annuity type for what it might do. You will always own it for what it will do." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Pam Krueger: The Best Wealthramp on How to Roll Your 401K or IRA
10/08/2024
Pam Krueger: The Best Wealthramp on How to Roll Your 401K or IRA
In this episode, The Annuity Man and Pam Krueger discuss: Finding fiduciary financial advisors Customizing an annuity according to your goal Rejecting pushy pitches from agents Avoiding costly mistakes through education Key Takeaways: Seek independent, fee-only, fiduciary advisors focused solely on your interests, not commissions or product sales. Avoid one-size-fits-all annuity recommendations; annuities should be evaluated based on individual needs and financial situations. Take advantage of the one-year do-not-solicit period after rolling over a 401(k) to an IRA to avoid urgent pitches from agents pushing specific products. Thoroughly educate yourself, analyze the product, and seek a second opinion before committing large sums to annuities to avoid costly mistakes. "People know when they're looking for advice, they want a fiduciary. They want someone who's fee-only because they want someone who works only for them, not someone who sells insurance or sells mutual funds" — 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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Annuity Strategies Across the Political Spectrum: Shootin’ It Straight With Stan
10/02/2024
Annuity Strategies Across the Political Spectrum: Shootin’ It Straight With Stan
In this episode, The Annuity Man discussed: Pragmatic approach to financial planning How annuities are primarily priced Four primary benefits of annuities Closing the gap with annuities Key Takeaways: Prepare for either party leadership scenarios to ensure financial stability. Approach financial planning with a pragmatic mindset, always employing the use of research and contractual guarantees. Life expectancy drives lifetime income from annuities. Annuities are commodity products, and their guarantees change based on market conditions and demand. If you are expecting interest rates to decrease or taxes to increase, then consider locking in good contractual guarantees by shopping from various carriers. Here are the four primary benefits of annuities: principal protection, income for life, legacy, and long-term care. When buying annuities, ask yourself these two questions: what do you want the money to do, and when do you want the guarantees to start? Your income floor consists of your Social Security, pensions, dividend stocks, and other income sources. Use annuities to fill the gap between the income floor and other sources of income. "Annuities are not market products, they're not growth products, they're contractually guaranteed transfer of risk products that solve for four primary things: principal protection, income for life, legacy, long term care." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Retire From Both Work & the Markets: Shootin' It Straight with Stan (TAM Classic)
09/25/2024
Retire From Both Work & the Markets: Shootin' It Straight with Stan (TAM Classic)
In this episode, The Annuity Man discussed: How different your life could be with more money Retiring from work and the markets Investing safely and smartly Living off of guarantees Key Takeaways: People in the news and most financial advisors will tell you always to keep money in the markets, but you have to ask yourself this: will more money make your life any different? If you love the ups and downs of the markets and treat it like a passion or a hobby, then it’s alright to stay in it, but most people out there should be retiring both from work and the markets. When you invest money in the market, invest an amount that you won’t care about, something that won’t keep you up at night or upset your plans if you lose. Remember the trifecta of safe money: MYGAs, CDs, and treasuries, which you can get at treasurydirect.gov. These three provide guaranteed annual interest rates, and you can live off of these guarantees. "Retire from your job, retire from the markets. Live your life. There are no U-Hauls behind hearses; you can’t take it with you." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Stan The Annuity Man: Annuities and the Election
09/24/2024
Stan The Annuity Man: Annuities and the Election
In this episode, The Annuity Man discussed: Ensuring a stable retirement regardless of politics How annuities are priced Planning for political uncertainty Tailoring annuities to your financial goals Key Takeaways: Annuities provide a guaranteed income floor regardless of political outcomes. Take emotions out of financial decisions, and focus on building an income floor for your retirement. Life insurance companies primarily price annuities based on life expectancy. Although a Cost Of Living Adjustment can be attached to annuities, it could lower your initial payments to make up for that adjustment. Prepare for both political outcomes by considering various different financial strategies. Have a plan in place to manage taxes and protect assets. Have a fact-based approach when it comes to planning and focus on contractual guarantees. Be rational, practical, and pragmatic. Structure an annuity to meet your specific financial goals. Consider both qualified and non-qualified accounts when planning for retirement. Have a comprehensive financial plan that includes annuities and other financial instruments. Utilize annuities to plan for your legacy and provide an income for your heirs. "What I'm encouraging you to do is get rid of the politics - this is about your money, your family, your legacy. With money, whether you're in the stock market, bond market, annuity market, it should be a non-emotional, fact-based decision." — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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Annuity Income: Return OF or ON Your Money?: Shootin' It Straight With Stan (TAM Classic)
09/18/2024
Annuity Income: Return OF or ON Your Money?: Shootin' It Straight With Stan (TAM Classic)
In this episode, The Annuity Man discussed: Lifetime income and principal protection Return of your money Peeling of the interest to solve income needs Key Takeaways: Annuities aren’t only for lifetime income, some products just protect the principal like a MYGA or a Fixed Annuity. With lifetime income, annuity companies are on the hook to pay a return OF your principal plus interest as long as you are breathing. Will peeling off the interest, never touching the principal, and getting a return ON your money solve your income needs? MYGAs give you the option to lock in interest rates for one year up to ten years. "If you choose the return ON then all we're going to have to do at the end of the maturity of that MYGA is roll it to another MYGA and hope that rates are at a good level. If rates go down, we can always transfer that [MYGA] to an immediate annuity for lifetime income. So you can play both sides a little bit." — Stan The Annuity Man. Connect with The Annuity Man: Website: Email: Book: : YouTube: Get a Quote Today:
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