Pension Plans for Narcissists: Shootin' It Straight with Stan

In this episode, The Annuity Man discussed: 

Which annuity provides historically higher guarantees?  Being wary of ignorant advisors  Getting the highest payout for yourself  The choices for non-narcissists 

 

Key Takeaways: 

An income rider attached to Fixed Index Annuities historically provides higher contractual guarantees and has less fees than variable annuities. Suppose a financial advisor or anybody tells you never to buy an annuity, that all annuities are expensive or that they hate all annuities. In that case, that person doesn’t know what they’re talking about.  You can choose life-only if you want the highest contractual guarantee payment with an annuity. Keep in mind that you will be the only one who benefits from it and your spouse, too, if you structure it.  With income riders that are attached to Fixed Index Annuities and sometimes to Multi-Year Guaranteed Annuities, when you die, whatever’s left of that accumulation value goes 100% to the beneficiaries.

 

"If you die, the money goes poof - that’s only one of forty ways to structure annuities - and what they’re talking about is life only, and life only is the narcissist pension plan. Because you’re shouldering some of that risk even though you’re transferring the risk to the annuity to pay you for as long as you are breathing." —  Stan The Annuity Man.

  

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