“Fun with Annuities” The Annuity Man Podcast
Fun with Annuities Podcast is hosted by America’s Annuity Agent, Stan Haithcock, 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.
info_outline
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:
/episode/index/show/theannuityman/id/18107135
info_outline
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:
/episode/index/show/theannuityman/id/18034001
info_outline
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:
/episode/index/show/theannuityman/id/17913695
info_outline
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:
/episode/index/show/theannuityman/id/17868209
info_outline
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:
/episode/index/show/theannuityman/id/17783072
info_outline
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:
/episode/index/show/theannuityman/id/17691716
info_outline
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:
/episode/index/show/theannuityman/id/17602685
info_outline
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:
/episode/index/show/theannuityman/id/17511650
info_outline
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:
/episode/index/show/theannuityman/id/17405861
info_outline
037: Timing Your Annuity Purchase...Is It Possible?
12/29/2020
037: Timing Your Annuity Purchase...Is It Possible?
In this episode, The Annuity Man discusses: Investors vs annuity buyers. Understanding the contractual guarantees and making sure they work for you. Annuities are life expectancy based - you can’t time that. The things you can’t time and why they shouldn’t affect your choice of buying an annuity. Key Takeaways: Short answer - no, you can’t time your annuity purchase. It’s a contract, not an investment. You cannot time interest rates with MYGAs. You can often ladder the annuities to account for changing rates. No advisor knows how to time the annuity payments for interest rates - it all comes down to the contractual guarantees. What do you want the money to contractually do? When do you want those contractual guarantees to start? "The urgency is to understand the annuity before you buy it. That is the only urgency." — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
/episode/index/show/theannuityman/id/17355341
info_outline
036: Annuities vs. The Stock Market: The Brutal Truth About Both
12/22/2020
036: Annuities vs. The Stock Market: The Brutal Truth About Both
In this episode, The Annuity Man discusses: Having money in the stock market (even if you don’t have or need an annuity). Why you should be in the stock market, either managing yourself or having someone manage it for you. Understanding if you need an annuity and how to allocate and proportion your money. Diversification of risk and assets. The stock market and annuities can work together, but they cannot be compared. Key Takeaways: 80% of all stock market trades are not done by a real-life, breathing human. If you want market growth, stick with the stock market. Annuities are for the guarantees, not growth. Never buy annuities for what they might do. You can’t look at back-tested numbers, you can only look at what it will do, not what it might do. Never compare the stock market to annuities. Never compare investments to contracts. One is a shouldering of the risk and one is the transferring of the risk. "It comes down to two things: how much risk are you willing to shoulder and how much risk are you wanting to transfer? Everybody is different." — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
/episode/index/show/theannuityman/id/17289581
info_outline
035: Should You Transfer Your 401K Retirement Plan to an Annuity?
12/15/2020
035: Should You Transfer Your 401K Retirement Plan to an Annuity?
In this episode, The Annuity Man discusses: What a 401K is and how it affects your retirement. Market growth versus contractual guarantees. Shopping annuities like you shop for plane tickets. Understanding proportion and allocation. Key Takeaways: What do you want the money to contractually do? When do you want those contractual guarantees to start? If you want market growth, don’t buy an annuity. The best annuity is the one that provides the best contractual guarantee for your specific needs. Nobody knows what is going to happen with inflation. If hyperinflation hits, at that time you solve for what you need then. "You have to be specific about what you want the money to contractually do." — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
/episode/index/show/theannuityman/id/17198861
info_outline
034: Annuity Laddering Strategies: How They Actually Work
12/08/2020
034: Annuity Laddering Strategies: How They Actually Work
In this episode, The Annuity Man discusses: Laddering for principal protection vs. Laddering for lifetime income. The customizable nature of laddering annuities. What is looked at and strategies for laddering depending on what you want the contractual guarantee to do. Addressing inflation. Key Takeaways: There are no perfect answers, just really bad sales pitches. Nobody can predict where interest rates are going to go and if they say they can they’re wrong. MYGAs are regulated at the state level. It’s about life expectancy at the time you take the payment. You already own the best inflation annuity on the planet - and that’s Social Security. "Immediate annuities or deferred income annuities can be structured to pay for a specific time, not just for life." — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
/episode/index/show/theannuityman/id/17097164
info_outline
033: Annuities vs. Life Insurance: Which is Better & How Do They Differ?
12/01/2020
033: Annuities vs. Life Insurance: Which is Better & How Do They Differ?
In this episode, The Annuity Man discusses: How life insurance and annuities differ, despite being sold by the same companies. The variance in the death benefits between life insurance and annuities. Ways in which life insurance and annuities can work together. Knowing what your goal is when buying life insurance and annuities. Key Takeaways: Annuities are issued by life insurance companies, but annuities and life insurance are different in terms of strategy, contractual guarantee, and transfer of risk. Life insurance is the best return on investment that you’re never going to see because you’ll be dead. Annuities and life insurance are both unique in their categories - life insurance is the only product that provides a tax-free, lump-sum death benefit that passes outside of probate and annuities are the only product on the planet that can provide a lifetime income stream and pay regardless of how long you live. Annuities and life insurance are both contracts. "You really should buy life insurance for the tax-free death benefit. " — Stan The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
/episode/index/show/theannuityman/id/17012438
info_outline
032: Annuity Financial Advice for Seniors & Baby Boomers
11/24/2020
032: Annuity Financial Advice for Seniors & Baby Boomers
In this episode, The Annuity Man discusses: Determining if you need an annuity. Annuities are not one size fits all - they are contractual guarantees. Taking care with the annuity sales pitches that are coming your way. Creating your Annuity Statement of Understanding. Key Takeaways: Every single day, over 10,000 Americans reach the age of 65. To determine if you need an annuity, ask yourself 2 questions: What do you want the money to contractually do? When do you want those contractual guarantees to start? Never buy an annuity for market growth. There are no philanthropists at annuity companies giving away money. If there is an upfront bonus, it is part of the contractual guarantee, not free money. "Annuities are commodity products. The best annuity for you is the one that provides the highest contractual guarantee." — The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
/episode/index/show/theannuityman/id/16847459
info_outline
031: Annuity Transfers: How the Process Works and Should You Do It
11/17/2020
031: Annuity Transfers: How the Process Works and Should You Do It
In this episode, The Annuity Man discusses: Types of annuities that are and are not transferable. Buying and transferring an annuity inside of an IRA. Only transferring if it is in your favor (not the agent’s favor). How Income Riders affect the transferability of your policy. Key Takeaways: You can transfer from one IRA to another as a non-transferable event (meaning no taxes) regardless of the type of account. Transferring your annuity is not always in your best interest. Just because it is transferable does not mean you should transfer it. Upfront bonuses to transfer your annuity is never, ever, ever, a reason to transfer. Ever. There is no urgency to buy an annuity and there is no urgency to transfer an annuity. "You don’t transfer for transfer’s sake. You don’t transfer because it sounds too good to be true. Remember, if it sounds too good to be true, it is every single time." — The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
/episode/index/show/theannuityman/id/16819781
info_outline
030: Annuity Calculators: How to Use Them for Maximum Results
11/10/2020
030: Annuity Calculators: How to Use Them for Maximum Results
In this episode, The Annuity Man discusses: The misinformation around annuities. How buying an annuity is like buying a plane ticket. Maximizing results with annuity calculators. Using annuity calculators to get a feel for what the guarantees are. Key Takeaways: There is never an urgency to buy an annuity. The only urgency is to understand the contract. The best annuity out there is the one that provides you with the highest contractual guarantee for your scenario. There is no way to know the future inflation rate. Laddering your annuities is more likely to account for that unknown. Live the reality, not the dream. Use the tools that are available and find out if an annuity is right for you. "With annuities, if it sounds too good to be true, it is. Every. Single. Time." — The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
/episode/index/show/theannuityman/id/16720286
info_outline
029: Retirement Annuities: Which Type Is Right For You?
11/03/2020
029: Retirement Annuities: Which Type Is Right For You?
In this episode, The Annuity Man discusses: The limitations and benefits of the different types of annuities. Knowing if an annuity is right for you or not. All of the annuities can be used in the different types of accounts out there - it just changes how it is taxed. Reverse engineering to plan your annuity. Key Takeaways: Annuities are the only product on the planet that guarantee a lifetime income stream, it's a monopoly that only annuities have. If you do not need to contractually solve for one four things - principal protection, income for life, legacy long term care, confinement care - you do not need an annuity. You will be a better investor when you have your income floor in place. Annuities are commodities - shop for them like you would for plane tickets. "Don't fall for the sizzle because you're going to own the steak. Don't fall for the sales pitch dream, because you're going to own the contractual reality." — The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
/episode/index/show/theannuityman/id/16636847
info_outline
028: Annuity Death Benefits: How They Work & The Choices Offered
10/27/2020
028: Annuity Death Benefits: How They Work & The Choices Offered
In this episode, The Annuity Man discusses: Structuring your lifetime income payment to go to your beneficiary, not the evil annuity company. Life insurance versus annuity death benefits. Common death benefit choices. Beneficiary setups for annuity death benefits. Key Takeaways: Annuities are contracts, it is up to you how you want to structure it. Annuities are customizable from a death benefit standpoint. Fixed annuities are regulated at a state level, not a federal level. There is no urgency to buy an annuity, you’ve got to do it on your terms and your timeline. "Can annuities be fun? Yeah! Can contractual guarantees be fun? Yeah! Can death be fun? No. but, with the contractual guarantees of annuities, we can make sure that it is as enjoyable for your beneficiaries as humanly possible." — The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
/episode/index/show/theannuityman/id/16561163
info_outline
027: Social Security Annuity: Why Every US Citizen Already Owns an Annuity
10/20/2020
027: Social Security Annuity: Why Every US Citizen Already Owns an Annuity
In this episode, The Annuity Man discusses: Congratulations! You already own the best inflation annuity on the planet - Social Security! Shouldering or transferring your risk. One of the biggest mistakes that people make with annuities. Buying annuities for what they will do, not what they might do. Understanding what you are buying before you buy regardless of what your annuity agent says. Key Takeaways: Social Security is political dynamite that no party wants to touch - it’s going to be there and you’re transferring the risk to the government to pay and they are going to pay. There are really two questions that you have to ask: What do you want the money to contractually do? When do you want those contractual guarantees to start? Social Security is an annuity. An annuity is Social Security. Your pension is an annuity. An annuity is a pension. Do not buy an annuity for the hypothetical, theoretical, back-tested, projected, hopeful-agent return scenarios. Don't buy the dream, because you're going to own the contractual realities. There is never, ever, ever, ever an urgency to buy an annuity, no matter what anybody tells you. Ever. "Social Security recipients vote, and because Social Security recipients vote, that annuity will never be touched by politicians, period. " — The Annuity Man Connect with The Annuity Man: Website: Email: Book: YouTube:
/episode/index/show/theannuityman/id/16461920
info_outline
026: What To Look Out For With Over-hyped Annuity Sales Pitches
01/31/2020
026: What To Look Out For With Over-hyped Annuity Sales Pitches
In this episode, The Annuity Man discusses: The importance of contractual guarantees driving your buying decision Why you should never buy annuities for potential market type growth What to be aware of at the “bad chicken dinner annuity seminars” How to protect yourself by creating your own “statement of understanding” Key Takeaways: Indexed annuities were designed in 1995 to compete with CDs returns Upfront bonus offers are part of the overall contractual guarantee of the policy A high percentage income rider is not real yield There's no urgency to buy an annuity. The only urgency with an annuity is to fully understand the limitations and the benefits of the specific annuity strategy you are considering "If you can't fully explain it to a nine year old, then don't buy the annuity being pitched to you." — The Annuity Man Connect with The Annuity Man: Website: Email: [email protected]
/episode/index/show/theannuityman/id/12951524
info_outline
025: How To Shop For An Annuity To Get The Best Deal
01/31/2020
025: How To Shop For An Annuity To Get The Best Deal
In this episode, The Annuity Man discusses: Why he offers both personal service and do-it-yourself choices How all annuity types are commodities Why you should make your decision solely on the contractual guarantees Why he believes annuities should be bought, not sold Key Takeaways: Take your time and make the decision on your terms and your timeframe By law, you have to speak with a licensed agent at the end of the process to make sure that the recommendation is suitable and appropriate for your specific situation You should quote all carriers to find the highest contractual guarantee Create your own “statement of understanding” for the agent to sign "Buying annuities is like buying a plane ticket. You punch in your specific numbers in order to find the best price." — The Annuity Man Connect with The Annuity Man: Website: Email: [email protected]
/episode/index/show/theannuityman/id/12951479
info_outline
024: How Annuity Companies Make Money On Your Annuity
01/31/2020
024: How Annuity Companies Make Money On Your Annuity
In this episode, The Annuity Man discusses: How annuity companies are more regulated than banks Where annuity companies are required to put your money The US 10 Year Treasury Note and the role is plays with annuities The reason for surrender charges on deferred annuities Key Takeaways: Fixed annuity companies have 100% of your money available day one Life expectancy drives the pricing train with lifetime income guarantees All lifetime income payments are a combination of return of principal plus interest Annuity companies are shouldering the risk you are transferring to them "Life insurance companies have big buildings for a reason because they know when we are going to die, so they price their products accordingly. " — The Annuity Man Connect with The Annuity Man: Website: Email: [email protected] YouTube:
/episode/index/show/theannuityman/id/12951446
info_outline
023: How The Secure Retirement Act & DC Affects Annuities
01/31/2020
023: How The Secure Retirement Act & DC Affects Annuities
In this episode, The Annuity Man discusses: Why DC wants people to start planning for their retirement income How Qualified Longevity Annuity Contracts (QLACs) were the original idea The new “fiduciary safe harbor” provision, and what it means to you The original intent of Social Security payments in retirement Key Takeaways: If you have a Traditional IRA, you should consider a QLAC Company retirement plans will now start offering annuity income products The RMD (Required Minimum Distribution) age rose from 70 ½ to 72 The stretch IRA strategy is now only applicable to spouses "Social Security was never intended to be the primary source for retirement income needs." — The Annuity Man Connect with The Annuity Man: Website: Email: [email protected]
/episode/index/show/theannuityman/id/12951353
info_outline
022: How Annuity Confinement Care Riders & Enhanced Benefit Payouts Work
01/31/2020
022: How Annuity Confinement Care Riders & Enhanced Benefit Payouts Work
In this episode, The Annuity Man discusses: Why Long Term Care coverage is a concern for many people The two different types of enhanced benefit type coverage How each of these annuity strategies work The limitation and benefits of both Key Takeaways: The best coverage for Long Term Care is still traditional LTC “When you get sicker you get your money back quicker” with annuity coverage When you qualify for coverage, you typically live an average of 3 years and a maximum of 7 years Fewer than 20 carriers currently offer these transfer of risk strategy types "In a perfect world, confinement care riders and enhanced benefit payout riders should only be used as secondary coverage, not primary coverage." — The Annuity Man Connect with The Annuity Man: Website: Email: [email protected]
/episode/index/show/theannuityman/id/12951290
info_outline
021: Potential vs. Contractual Annuity Returns
01/31/2020
021: Potential vs. Contractual Annuity Returns
In this episode, The Annuity Man discusses: Why annuities should be purchased for their contractual guarantees Why annuities should never be purchased for market type growth How different annuity types are priced The different types of annuities, and what they contractually solve for Key Takeaways: There are no “one size fits all” annuity types If it sounds too good to be true, it is with annuities every single time Most annuity types are purely contractual, with no potential in the contract Don’t buy the sales pitch dream, because you are going to own the contractual reality "The vast majority of annuity product types are purely contractual transfer of risk guarantees. There is no ‘potential’ to be found anywhere in those policies." — The Annuity Man Connect with The Annuity Man: Website: Email: [email protected]
/episode/index/show/theannuityman/id/12951245
info_outline
020: What Do Annuities Contractually Solve For?
01/31/2020
020: What Do Annuities Contractually Solve For?
In this episode, The Annuity Man discusses: Why the buying decision should be based solely on contractual guarantees Always take the P.I.L.L. to determine if you need an annuity How you only need to answer 2 questions to find the right annuity type What “Will Do. Not might do.” means when considering annuities Key Takeaways: Annuities are transfer of risk contracts...not investments Annuities should never be purchased for market type growth Annuity quotes are like a gallon of milk because they expire every 7 to 10 days Annuities (regardless of type) are commodity products "Always shop all carriers for the highest contractual guarantee for your specific situation and goals." — The Annuity Man Connect with The Annuity Man: Website: Email: [email protected]
/episode/index/show/theannuityman/id/12951200
info_outline
019: The Safety & Suitability of Annuities
01/31/2020
019: The Safety & Suitability of Annuities
In this episode, The Annuity Man discusses: The five safest places to put your money How fixed annuity types are safe transfer of risk strategies How to determine if a carrier is safe Ways in which the annuity industry protects the consumer Key Takeaways: Always solve for the desired contractual guarantee Look at the carrier’s ratings, COMDEX score, and financials Use the site to verify your state’s guarantee coverage limits Take advantage of the annuity “free look” provision if needed "Annuity companies aren’t smarter than banks, they are just more regulated." — The Annuity Man Connect with The Annuity Man: Website: Email: [email protected]
/episode/index/show/theannuityman/id/12951140
info_outline
018: How To Build Your Guaranteed Income Floor
01/31/2020
018: How To Build Your Guaranteed Income Floor
In this episode, The Annuity Man discusses: How to build your Guaranteed Income Floor How annuities should be a part of your “income flooring” plan The various types of annuities to use with guaranteed income flooring How Social Security & Pensions payments are annuity structures Key Takeaways: Annuities are the only product that can provide a lifetime income stream Use annuities to contractually solve for the income gap needed Annuity quotes are commodities, and expire every 7 to 10 days Always shop all carriers for the highest contractual guarantee available "Your Guaranteed Income Floor is the income stream that hits your bank account every month, and that you will never outlive.” — The Annuity Man Connect with The Annuity Man: Website: Email: [email protected]
/episode/index/show/theannuityman/id/12951083
info_outline
017: Explaining Annuitization Structuring Choices
01/31/2020
017: Explaining Annuitization Structuring Choices
In this episode, The Annuity Man discusses: What annuitization means and how it works The different structuring choices and how they work How you can customize the quotes for your situation How lifetime income guarantees are priced Key Takeaways: There are over 30 ways to structure annuity payments Annuities are the only product type that guarantees a lifetime income stream Annuities can be held in IRAs, Roth IRAs, non-IRAs (non-qualified accounts) Always shop all carriers to find the highest contractual guarantee "When you buy a lifetime income stream, the primary pricing mechanism is your life expectancy at the time you take the payment. Interest rates play a secondary pricing role." — The Annuity Man Connect with The Annuity Man: Website: Email: [email protected]
/episode/index/show/theannuityman/id/12951035