“Fun With Annuities” The Annuity Man Podcast
283 episodes - English - Latest episode: 1 day ago - ★★★★★ - 41 ratingsFun 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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Episodes
There’s NO Annuity Sweet Spot to Purchase: Shootin' It Straight With Stan
April 17, 2024 07:00 - 8 minutes - 4.02 MBIn this episode, The Annuity Man discussed: Annuities are contracts The perfect time to buy an annuity You can’t time contracts Key Takeaways: There is no "sweet spot" to purchase annuities, as all types have contractual guarantees that should be analyzed. Remember that annuities are contracts, not investments. The perfect time to buy an annuity is when the contractual guarantees make sense to you and when they fit that gap for principal protection, income for life, legacy, and...
Transfer Your Risk to Annuity Contractual Guarantees: Shootin' It Straight With Stan
April 10, 2024 07:00 - 8 minutes - 4.02 MBIn this episode, The Annuity Man discussed: What annuities solve for Transfer of risk The three phases of retirement Key Takeaways: Annuities solve for PILL: Principal protection, Income for life, Legacy, and Long-term care. There’s no G for growth, or R for Returns. If you want growth and returns, do not buy an annuity of any type. Annuities are bought for transferring risk. When you buy an annuity contract for lifetime income, the company will be on the hook to pay as long ...
Jamie Hopkins: Retirement Planning And The Why That Makes You Cry (TAM Classic)
April 09, 2024 07:00 - 52 minutes - 48.2 MBIn this episode, The Annuity Man and Jamie Hopkins discuss: ROS - Return on Sleep From an accumulation to a decumulation mindset Living your retirement meaningfully Changing your relationship with money Key Takeaways: People often don’t care about optimal, people care about being happy. Giving people a good retirement experience, a Return On Sleep, is better than giving optimal results. Point your focus towards what you’re planning to work towards or what you want to acquire ...
You Already Own At Least 2 Annuities: Shootin' It Straight With Stan
April 03, 2024 07:00 - 7 minutes - 3.39 MBIn this episode, The Annuity Man discussed: The best inflation annuity on the planet. The second annuity you already own RMDs are an annuity payment Key Takeaways: Annuities that adjust for inflation offered by the private sector have their initial payments drastically lowered to make up for the index increase. You don’t need to get that because you already own the best inflation annuity on the planet: Social Security. The second annuity you might already own is attached to y...
Get Your Annuity Income Ducks in a Row: Shootin' It Straight With Stan
March 27, 2024 07:00 - 11 minutes - 5.47 MBIn this episode, The Annuity Man discussed: What retirement is all about The ducks that you may already have Annuity income ducks Key Takeaways: Retirement, or chapter two of your life, is the time that you need money hitting the bank account so that you can go live your life. This chapter is going to be all about you, about your lifestyle, and about reclaiming your health. The first income duck you have is the best inflation annuity on the planet: Social Security. If you have...
Marcia Mantell: Cookin' Up Your Retirement Plan
March 26, 2024 07:00 - 52 minutes - 47.6 MBIn this episode, The Annuity Man and Marcia Mantell discuss: The value of simplicity in understanding financial concepts Getting ready for the emotional aspect of retirement The key to financial success in retirement The importance of creating an estate plan Key Takeaways: If you can’t explain a concept or product simply to somebody who doesn’t live in your industry, then you don’t understand that concept or product enough. You are going to retire someday, you have to be rea...
Your Retirement Plan Is Not an Annuity Game: Shootin' It Straight With Stan
March 20, 2024 07:00 - 12 minutes - 5.85 MBIn this episode, The Annuity Man discussed: The standard of a fiduciary Your retirement is not a game Annuities as guarantees and as commodities Key Takeaways: Be wary of people in the annuity industry who sell one product to every type of person. In most cases, the product they’re selling is the highest commission product. The annuity you buy has to be aligned with the goal you want to set for chapter two of your life. Some advisors look at annuities like it’s a game, thinking...
Annuity Decisions Should Be Simple & Contractual: Shootin' It Straight With Stan
March 13, 2024 07:00 - 12 minutes - 5.95 MBIn this episode, The Annuity Man discussed: Buying contractual guarantees Keeping it simple with annuities Annuities that adjust for inflation Key Takeaways: Buy annuities only for their contractual guarantees. Don’t buy an annuity for hypothetical, theoretical, back-tested returns. Don’t buy an annuity for the upfront bonus. Buy an annuity for what it will do, not what it might do. Annuities are supposed to be simple. You should understand your annuity contract enough to be a...
Andy Panko: Financial Planning Demystified and Unemotional (TAM Classic)
March 12, 2024 07:00 - 52 minutes - 48 MBIn this episode, The Annuity Man and Andy Panko discuss: How advisors should construct their fees The complexity of decumulation Making the plan as good as it can be Cryptocurrency is a lottery ticket Key Takeaways: The work isn’t linear to the asset size; advisors shouldn’t make more money just because assets go up. In the same way, advisors shouldn’t be paid less just because the markets go down. They’re still doing the same amount of work and providing the same services. I...
Annuities Will Do What You Contractually Need: Shootin' It Straight With Stan
March 06, 2024 08:00 - 10 minutes - 9.08 MBIn this episode, The Annuity Man discussed: Don’t buy the dream Backtested numbers are not guaranteed What an annuity is for Key Takeaways: Do not buy hypotheticals, dream sales pitches, or back-tested returns. Do not buy the annuity dream because you're going to own the contractual reality. There’s no such thing as a “guaranteed and back-tested” return. To say that it’s back-tested means that there are no guarantees. Buy an annuity for what it will do, not what it might do. ...
Don’t Buy Annuity Hypothetical Returns: Shootin' It Straight With Stan
February 28, 2024 08:00 - 14 minutes - 12.9 MBIn this episode, The Annuity Man discussed: Annuities are contracts How Indexed Annuities should be used Don’t buy an annuity for market returns Key Takeaways: To say that something is “guaranteed and backtested” means that there is nothing guaranteed at all. Annuities are contracts, buy them for what they will do and not what they might do. Indexed Annuities have the potential to go down in value, but they can be used as an efficient delivery system for guaranteed lifetime i...
Terry Savage: The Savage Truth For Your Money in 2024
February 27, 2024 08:00 - 53 minutes - 49.2 MBIn this episode, The Annuity Man and Terry Savage discuss: 401k and annuities What does it mean to be a fiduciary? Annuities are commodity products Always have some chicken money Key Takeaways: When you are in the accumulation phase, there should be no limitations at all on the upside. You’re better off focusing on accumulation during the 401k time period and then at the end pivoting to an immediate annuity for a lifetime income stream. Being a fiduciary means more than just ...
Annuities Can Have Flexible Income Start Dates: Shootin' It Straight With Stan
February 21, 2024 08:00 - 11 minutes - 15.3 MBIn this episode, The Annuity Man discussed: The four lifetime income products How annuities are priced The simplicity of SPIA Getting the highest guarantee Key Takeaways: There are four lifetime income products: Single Premium Immediate Annuities, Deferred Income Annuities, Qualified Longevity Annuity Contracts, and Income Riders that can be attached to Variable Annuities and Indexed Annuities. Annuities are priced primarily on your life expectancy at the time you start the ...
Belt & Suspenders Annuity Strategies: Shootin' It Straight With Stan
February 14, 2024 08:00 - 13 minutes - 12.1 MBIn this episode, The Annuity Man discussed: State guaranty funds The true safety of the industry Life insurance companies are more regulated Assigning unused money to beneficiaries Key Takeaways: If you look at the state guaranty fund, each state has a specific rule in place to protect you and your money in case something happens to the carrier. You should be buying the claims-paying ability of the life insurance company from the standpoint of safety. The true safety of the ...
Christine Benz: Avoiding Blind Spots in Your Retirement Portfolio Planning (TAM Classic)
February 13, 2024 08:00 - 50 minutes - 93.1 MBIn this episode, The Annuity Man and Christine Benz discuss: Why Christine is so passionate about financial education and retirement portfolio planning. Why decumulation is not bad (and when it is a good thing). Retirement blindspots to be aware of. Staying mindful of additional, variable costs in your spending plan. Bucket approach investing and portfolios. Key Takeaways: Your portfolio doesn't know whether your withdrawals are coming from income or from selling appreciated...
Exchange Your Income Rider for a SPIA: Shootin' It Straight With Stan
February 07, 2024 08:00 - 12 minutes - 11.3 MBIn this episode, The Annuity Man discussed: The Income Rider and the accumulation value Two numbers you need before you transfer to SPIA Calculating a SPIA quote When you should transfer to a SPIA Key Takeaways: The Income Rider is an attachment to a policy that guarantees a lifetime income stream but it’s a separate calculation from the accumulation value. The accumulation value in simple terms is the real money. Take the accumulation value of the policy and ask the company ...
Swallow the Seminar Food, NOT the Annuity Pitch: Shootin' It Straight With Stan
January 31, 2024 08:00 - 11 minutes - 10.3 MBIn this episode, The Annuity Man discussed: Swallowing the food but not the pitch Annuities are never one-size-fits-all Focusing on contractual guarantees Key Takeaways: If you ever get invited to an annuity “seminar”, then remember to swallow the food but not the pitch. Don’t be swayed by misleading terms and enticing promises. When it comes to annuities, always focus on the contractual guarantees. When it comes to annuity companies and products, there is no “best” product a...
Chuck Jaffe: Top Money & Life Topics for 2024
January 30, 2024 08:00 - 55 minutes - 50.9 MBIn this episode, The Annuity Man and Chuck Jaffe discuss: Politics and economy Looking into how inflation affects you How Indexed Annuities should be used The question for cryptocurrency Key Takeaways: Politics don’t create the economy. There are a lot more factors that go into it than just who is in power. Economic forecasts sometimes become inaccurate because there is a huge disconnect between how we feel and how we’re doing. Don’t let the news dictate what you truly feel...
Increase Your Annuity Income Floor as You Age: Shootin' It Straight With Stan
January 24, 2024 08:00 - 13 minutes - 12 MBIn this episode, The Annuity Man discussed: Creating a solid income floor for retirement Considering your income Many ways to create income Key Takeaways: Going into chapter two of your life, you have to do your own thing. Stop keeping score. You’ve already won the game, you already have enough money, so why are you still playing? It’s important to have non-correlated income sources for your retirement such as pensions, rental properties, and annuities in order for you to cre...
Annuity Income: Return OF or ON Your Money?: Shootin' It Straight With Stan
January 17, 2024 08:00 - 13 minutes - 12 MBIn 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, ...
Stan The Annuity Man: The Annuity Man Predictions for 2024
January 16, 2024 08:00 - 36 minutes - 33 MBIn this episode, The Annuity Man discussed: Planning with simplicity Annuity products overview Consumer-focused future of annuities Tuning out the noise Key Takeaways: Lifetime income is priced primarily on your life expectancy and interest rates play a secondary role in pricing. Shop all carriers for the highest contractual guarantee, don’t gamble your retirement on hypothetical and theoretical numbers. Seek simplicity in planning. Indexed annuities are going to keep gettin...
The 2 Questions That Make Annuities Simple: Shootin' It Straight With Stan
January 10, 2024 08:00 - 10 minutes - 9.8 MBIn this episode, The Annuity Man discussed: Annuities solve for PILL Two questions that make annuities simple Commoditizing annuities Key Takeaways: Annuities are simple; they’re a transfer of risk contract that primarily solves four things: principal protection, income for life, legacy, and long-term care. You don't need an annuity if you don’t need to solve for any of those four items. You need to answer two questions when you consider buying annuities: “What do you want th...
Annuities Are for Do-It-Yourselfers: Shootin' It Straight With Stan
January 03, 2024 08:00 - 11 minutes - 14 MBIn this episode, The Annuity Man discussed: Annuities are DIY products Focus on the contractual guarantees Commoditization of annuities Key Takeaways: Annuities are do-it-yourself products that don’t need any management fees. If an agent asks for management fees, you must ask them to explain why they included that charge. You own an annuity for what it will do, not what it might do. The “will do” are the contractual guarantees of the policy. Never buy an annuity for hypotheti...
Tom Hegna: Don't Worry, Retire Happy! (TAM Classic)
January 02, 2024 08:00 - 50 minutes - 94.8 MBIn this episode, The Annuity Man and GUEST discuss: Saying no to DIY retirement What the right age for retirement is How annuity addresses inflation Securing guaranteed lifetime income with annuities Key Takeaways: Retirement is not a DIY project, do it with a professional. The age for retirement would not be the same for many. If you want to get the optimal age, you have to spend some time calculating all the factors that go into it. Be creative in doing something that can...
Lovingly Handcuffing Your Beneficiaries with Annuities: Shootin' It Straight With Stan
December 27, 2023 08:00 - 8 minutes - 11.1 MBIn this episode, The Annuity Man discussed: Protecting your beneficiary from dumb choices How Stan lovingly handcuffs his beneficiaries Handcuffing your loved ones is good for them Key Takeaways: Lovingly handcuffing your beneficiaries with annuity guarantees protects them from making dumb decisions with lump sums. Stan has written in the trust that when he dies, there will be a lifetime income annuity purchase for each of his daughters, guaranteed to pay them for the rest of th...
Annuity Light Switch Income Guarantees: Shootin' It Straight With Stan
December 20, 2023 08:00 - 9 minutes - 12.3 MBIn this episode, The Annuity Man discussed: Why would you want to stop taking in income? Three types of irrevocable income lifetime income teams Light-switch Annuity Products Key Takeaways: There’s a myriad of reasons why you would want to stop taking income, and there are annuity reasons that allow for this. One reason could be if tax laws change in the future and you want to shut down the income stream to not get taxed, or when you want the income to accumulate for your death ...
Michael Finke: Why Annuities Make Sense Right Now (TAM Classic)
December 19, 2023 08:00 - 49 minutes - 45.3 MBIn this episode, The Annuity Man and Michael Finke discuss: Annuities are more attractive today Protecting your future lifestyle Cutting little slices on the birthday cake There’s no perfect product to solve for inflation Key Takeaways: At the time of this episode’s taping, near-retirees can lock in 5.2% on five-year MYGAs for the next five years; however, it may go up or down. When buying an annuity, you're essentially buying yourself a minimum standard of living forever, no...
Planning Lifetime Income for Your Spouse: Shootin' It Straight With Stan
December 13, 2023 08:00 - 8 minutes - 11.9 MBIn this episode, The Annuity Man discussed: Annuities for your spouse and loved ones Throwing darts at death Planning for cognitive decline Filling in financial gaps Key Takeaways: Using a trust, you can set up an immediate annuity purchase to trigger when you pass away to provide lifetime income for your spouse using a designated lump sum. You can use annuities to lovingly handcuff your young beneficiaries, providing them with guaranteed income instead of a lump sum. Buying...
MYGA-2-SPIA for Full-Control Annuity Income: Shootin' It Straight With Stan
December 06, 2023 08:00 - 12 minutes - 22.7 MBIn this episode, The Annuity Man discussed: What are MYGAs and SPIAs? Annuities are contractual commodities MYGA to SPIA Key Takeaways: A MYGA, Multi-Year Guaranteed Annuity, is the annuity industry's version of a CD. The good news about MYGAs is that the interest rate is locked in and non-callable. This means that when interest rates go down, you’re going to be locked in. Annuities are contractual commodities, meaning that when you're buying them for the contractual guarante...
Moshe Milevsky: Learning from History with Annuities (TAM Classic)
December 05, 2023 08:00 - 53 minutes - 49.2 MBIn case you missed it, I have decided to circle back to one of my Fun With Annuities episodes that just cannot be missed. This one has annuity gold, and it is definitely a must-listen. In this episode, The Annuity Man and Moshe Milevsky discuss: The problem with annuities What’s a tontine? How income increases with tontines The gap between healthspan and lifespan Key Takeaways: The point of annuities is to generate predictable income even when you can no longer make decisio...
The Older You Are, the Higher the Annuity Payment: Shootin' It Straight With Stan
November 29, 2023 08:00 - 12 minutes - 14 MBIn this episode, The Annuity Man discussed: Claiming your social security You can’t time annuities Three phases of retirement Key Takeaways: Social security payments get higher if you wait until 70 because you’re older which means that your life expectancy is less, meaning that there are fewer projected payments. Fewer payments mean that those payments will be higher. It’s simple, but that doesn’t mean that that is always the better choice. You can’t time it with annuities, yo...
Annuities Are Contractual Commodities: Shootin' It Straight With Stan
November 22, 2023 08:00 - 12 minutes - 14.8 MBIn this episode, The Annuity Man discussed: Owning an annuity for what it will do Annuities are a commodity product Don’t swallow the pitch Key Takeaways: You should own an annuity for what it will do, not what it might do. When you strip down annuities to the contractual guarantees, only then will it become commoditized. Annuities should be quoted from multiple carriers to get the most favorable contractual guarantee for the client. That’s the way it should be. Take note tha...
Wade Pfau - Retirement Income Style Awareness (Holiday Regift)
November 21, 2023 08:00 - 55 minutes - 51.2 MBThe holidays are here, and so is this fan-favorite throwback! Take a trip down memory lane with this re-uploaded video - the perfect way to celebrate the break. In this episode, The Annuity Man and Wade Pfau discuss: Retirement Income Style Awareness (Risa) framework Wade’s different viewpoint on retirement 4% rule of thumb and its limitations The truth about retirement planning strategies Key Takeaways: Understanding one's preferred retirement income strategy via the Retir...
Annuity Contractual Guarantees Are NOT Complicated: Shootin' It Straight With Stan
November 15, 2023 08:00 - 9 minutes - 11.4 MBIn this episode, The Annuity Man discussed: Explain your annuity to a nine-year-old Why annuities seem complicated Ask for contractual guarantees Don’t buy an annuity for market return Key Takeaways: You should be able to explain the annuity that you’re getting ready to buy or considering buying to a nine-year-old. You should be able to explain the annuity type, how it functions, how it works, and what are the limitations and benefits of it. Annuity contractual guarantees are...
Date the Annuity Rate…Marry Lifetime Income: Shootin' It Straight With Stan
November 08, 2023 08:00 - 10 minutes - 13 MBIn this episode, The Annuity Man discussed: Marrying the lifetime income Dating the rate MYGAs are not callable Key Takeaways: Buying an annuity for lifetime income is like marrying a company. When marrying an annuity company for lifetime income, the company has to be A+ or better, except for a few exceptions. A MYGA is the annuity industry’s version of a CD. With MYGAs, you’re locking in a guaranteed interest rate for a specific period of time that you choose. You control the ...
John Lenz: The State of The Annuity Union
November 07, 2023 08:00 - 50 minutes - 45.8 MBIn this episode, The Annuity Man and John Lenz discuss: Don’t lose track of your renewal rate Laddering Multi-Year Guarantee Annuities Reasons for buying a QLAC Suitability regulations Key Takeaways: Insurance companies are for-profit institutions. Historically, insurance companies have renewed annuities at a lower rate than new money rates, but not everybody, and not all the time. Don’t lose track of your renewal rate; keep the company honest. Nobody can predict interest rat...
Go to the Sidelines With Annuity Contractual Guarantees: Shootin' It Straight With Stan
November 01, 2023 07:00 - 13 minutes - 12.3 MBIn this episode, The Annuity Man discussed: Making money from the sidelines The trifecta of principal protection Nobody knows where interest rates are going to go Key Takeaways: In the past decade, you wouldn’t make much money if you went to the sidelines. CDs, money markets, treasuries, and MYGAs weren’t paying that much. However, until a few months ago, when interest rates moved significantly, you could now go to the sidelines and make money contractually. The principal prot...
All Annuities Are…: Shootin' It Straight With Stan
October 25, 2023 07:00 - 6 minutes - 8.49 MBIn this episode, The Annuity Man discussed: Debunking generalizations about annuities Most annuity types have no fees Are all annuities a bad deal? What all annuities really are Key Takeaways: Making sweeping generalizations about annuities is as stupid as saying all restaurants are bad or all shoes are expensive. Anyone who says all annuities are bad should not claim their social security or pension from the government because those two are annuities. Most annuity types hav...
Jack Lenenberg: Long-Term Care & Rising Interest Rates
October 24, 2023 07:00 - 45 minutes - 41.2 MBIn this episode, The Annuity Man and Jack Lenenberg discuss: Standalone traditional long-term care Asset-based long-term care The perfect time to buy long-term care Long-term care and self-insurance Key Takeaways: A standalone, traditional long-term care insurance works just like health, auto, or homeowner insurance. You own a policy, and if you need long-term care, the company will pay the benefits, and you will stop paying premiums. It is, however, difficult to get underwri...
Is It a Good Time to Buy an Annuity?: Shootin' It Straight With Stan
October 18, 2023 07:00 - 7 minutes - 9.97 MBIn this episode, The Annuity Man discussed: When is it a good time to buy an annuity? Are annuities for market growth? Annuity sales tactics to be wary of Key Takeaways: Annuities aren’t for everybody. If you need to transfer risk, need contractual guarantees, or solve for principal protection, income for life, legacy, or long-term care, then it’s a good time to buy an annuity. If your goal is market growth, then an annuity is not for you. Annuities are not market-growth prod...
Ventilator Annuity Lifetime Income: Shootin' It Straight With Stan
October 11, 2023 07:00 - 9 minutes - 11.1 MBIn this episode, The Annuity Man discussed: Solving for longevity risk Four products for lifetime income Focusing on guarantees Key Takeaways: There is no ROI until you die. Up until then, it’s a transfer of risk to the annuity company to solve for longevity risk. The longevity risk is the fear that you’ll outlive your money. An annuity will pay as long as you’re breathing, even if you are on a ventilator. The annuity industry has four major types: Single Premium Immediate An...
Stan The Annuity Man: The Only Thing Complex About Annuities Are the Sales Pitches
October 10, 2023 07:00 - 31 minutes - 29.2 MBIn this episode, The Annuity Man discussed: Annuities are not complicated Understand what you are buying Trusting true fiduciaries Key Takeaways: Annuities are simple if you focus on the guarantees. It’s agents who are focused on self-interest that pitch products that make annuities too complicated. Often, they entice their clients with misleading backtested numbers and value-less upfront bonuses that seem like “free money.” If you can’t explain the strategy or the sales pitc...
Reverse Engineer Annuities for Inflation: Shootin' It Straight With Stan
October 04, 2023 07:00 - 8 minutes - 11.9 MBIn this episode, The Annuity Man discussed: Products that adjust for inflation Thinking rationally about inflation Reverse-engineering annuity Key Takeaways: Many bad sales pitches out there mention a way to beat inflation using indexed products that adjust for inflation. What really happens is that the annuity company severely lowers the initial payment to make up for any potential increase. Think rationally about inflation. It’s customizable to everybody, meaning not everyo...
Income Riders vs. DIAs: Shootin' It Straight With Stan
September 27, 2023 07:00 - 8 minutes - 11.1 MBIn this episode, The Annuity Man discussed: What is an income rider? Buying based on your goal Addressing inflation with DIAs and Income Riders Key Takeaways: An income rider is an attachment to a policy; you can’t buy a standalone income rider. The only number that you have to focus on when you’re pitched an income rider is the contractually guaranteed payout number. When it comes to annuities, one is never better than another. They all have a benefit depending on what your p...
Bill Black: Life Insurance Facts You Need to Know Now
September 26, 2023 07:00 - 45 minutes - 41.6 MBIn this episode, The Annuity Man and Bill Black discuss: The problem with indexed policies that agents don’t often talk about Backtested numbers in the life insurance side Insurance is not an investment How do hybrid life insurance policies work Key Takeaways: An indexed policy is a loan, which is supposedly non-taxable. However, people aren’t told that interest is being paid out of the cash value of the policy and when it gets overwhelmed, the policy collapses under its own ...
Start Acting Annuity Rich (Wear a Suit!): Shootin' It Straight With Stan
September 20, 2023 07:00 - 8 minutes - 11.7 MBIn this episode, The Annuity Man discussed: Acknowledging your wealth The scars of scarcity Should you be worried about inflation Setting up contractual guarantees Key Takeaways: Be rational about the wealth that you have. Don’t say you’re not rich if you are not one of the 40% of Americans today who have $400 to their name and are struggling. Acknowledge the wealth that you’ve earned. Many people have what can be called the “scars of scarcity.” Experiencing poverty in one’s ...
Traditional or Reverse MYGA Ladder Strategies: Shootin' It Straight With Stan
September 13, 2023 07:00 - 7 minutes - 9.27 MBIn this episode, The Annuity Man discussed: Traditional laddering with MYGAs What is “reversing”? Traditional laddering and reversing Key Takeaways: You do a traditional 3-year, 4-year. 5-year ladder if you are hoping that rates will go higher. It’s a strategy you use when you want to have money as the rates are rising so that you can attach yourself and lock yourself in with those higher rates. Reversing is the opposite of laddering; you lock in the MYGA for 10, 9, 7, or ...
Stan The Annuity Man: Happy Birthday To QLACs
September 12, 2023 07:00 - 32 minutes - 29.6 MBIn this episode, The Annuity Man discussed: Why QLACs should be number one Three reasons to buy a QLAC The downsides of a QLAC Key Takeaways: If agent commission didn’t come into play, QLACs would be the number one best-selling annuity product. It’s simple, pro-consumer, and works; it’s a product that focuses on the “will do” and not the “might do.” It’s a guaranteed lifetime income rolled from your IRA, and can be deferred as far out as age 85. There are primarily three good r...
Create Your Own Pension: Shootin' It Straight With Stan
September 06, 2023 07:00 - 8 minutes - 10.9 MBIn this episode, The Annuity Man discussed: Transferring risk through annuities Single Premium Immediate Annuities Annuities are commodity products Structuring annuities to combat inflation Key Takeaways: Annuities are transfer of risk products. You are transferring the risk to the annuity company to pay as long as you’re breathing. Through annuities, you can create an income floor that you can never outlive. A SPIA or Single Premium Immediate Annuity is when you want income...
Don’t Be an Annuity Hypocrite: Shootin' It Straight With Stan
August 30, 2023 07:00 - 6 minutes - 8.92 MBIn this episode, The Annuity Man discussed: An advisor who’s an annuity hypocrite Annuities you might already own. “All annuities are ____” Key Takeaways: An advisor who says, “never buy an annuity” or “all annuities are ___” is an advisor that has lost all credibility. Don’t trust a hypocrite advisor. It’s highly likely that you already own an annuity. Some examples of an annuity you might already own are these: Social Securities, RMDs, and IRAs. One cannot broad brush the wh...