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074: Kerry Pechter: Bermuda Triangle Retirement Zone
“Fun With Annuities” The Annuity Man Podcast
English - September 14, 2021 07:00 - 46 minutes - 63.7 MB - ★★★★★ - 41 ratingsInvesting Business Education Courses advisor financial retirement annuities annuity income planning stantheannuityman Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, The Annuity Man and Kerry Pechter discuss:
What is the Bermuda Triangle Strategy? How the Bermuda Triangle Strategy will affect you. The problem with the annuity industry. Prioritizing the consumer over anything.
Key Takeaways:
The points of the triangle are: a life/annuity company with large in-force, “blocks” of (usually) fixed annuities with guaranteed returns; a Bermuda-based or other offshore reinsurer; and a major buyout firm or money manager. The issue is with transparency and the lack of communication between the company and the client that’s affected. The interests are not aligned with the people that hold your money. Many members of the annuity industry focus more on the growth story rather than focusing on the customer getting the contractual guarantee. The consumers all need to understand what’s happening with their money.
“Don’t let taxes rule your life, it’s more important to have guaranteed income. Buy yourself the guaranteed income that will give you peace of mind." — Kerry Pechter
Kerry’s article about the Bermuda Triangle Strategy: https://retirementincomejournal.com/article/an-insider-describes-the-bermuda-triangle-strategy/
Connect with Kerry Pechter:
Website: http://www.retirementincomejournal.com/
LinkedIn: https://www.linkedin.com/in/kerry-pechter-1b05705
Connect with The Annuity Man:
Website: http://theannuityman.com/
Email: [email protected]
Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work
YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g
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