“Fun With Annuities” The Annuity Man Podcast The Annuity Man

In this episode, The Annuity Man discussed: 
The four main concerns that annuity addresses
Why you should stay away from fancy annuities 
Things to consider when buying annuities 
 
Key Takeaways: 
Annuity contracts are designed to address four key concerns: principal protection, lifetime income, legacy planning, and long-term care. However, not all annuities are created equal.
Fancy annuities often come with a host of fees and complicated rules that can make them difficult to understand and manage. On the other hand, contractual annuities offer the same guarantees without the added complexity, providing the peace of mind and financial security you need without the headaches.
When considering an annuity, it's essential to weigh your options carefully and choose a product that aligns with your goals and values. By opting for a contractual annuity, you can enjoy the benefits of principal protection, lifetime income, legacy planning, and long-term care, all while keeping things simple and easy to understand.
 
"I used to work with Dean Witter, Morgan Stanley, Paine Webber, UBS, where that was market-driven stuff. If you're going to be fancy, be fancy over there because you have real possibilities of real returns. With annuities, they're contracts. Never forget that. You cannot have your cake and eat it too." —  Stan The Annuity Man. 
 
Connect with The Annuity Man: 
Website: http://theannuityman.com/ 
Email: Stan@TheAnnuityMan.com 
Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work
YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g 
Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

In this episode, The Annuity Man and Dana Anspach discuss: 
Juicing your retirement money                                                                                                                                                                                                           
How can you know if you’re “retirement-ready”
What are some things you have to consider when setting up your retirement plan
The four percent rule
 
Key Takeaways: 
Don’t underestimate what more you can juice from your retirement plan. You might very well end up with hundreds of thousands of dollars by the end of it. 
You need to know what the risk factors are in the decumulation phase. 
Calculating the bigger picture of your retirement will help you make decisions that increase your probability of success and have peace of mind in the future. 
The reality is that you can’t spend just a solid percentage in your retirement fund, there are circumstances that would have to be accounted for - like needing to buy a car or having a health issue in the family. 
 
"People are so focused on accumulating assets, which is relatively easy compared to the math you have to solve when you start drawing money out.” —  Dana Anspach
  
Connect with Dana Anspach:
Website: https://controlyourretirementdestiny.com/ | https://www.sensiblemoney.com/ 
Facebook: https://www.facebook.com/SensibleMoneyUS 
Podcast: https://podcasts.apple.com/us/podcast/control-your-retirement-destiny/id1438488254
LinkedIn: https://www.linkedin.com/in/danaanspach 
Twitter: https://twitter.com/SensibleMoneyUS | https://twitter.com/moneyover55 
Books: https://www.amazon.com/Dana-Anspach/e/B00GL9WC82%3F 
 
Connect with The Annuity Man: 
Website: http://theannuityman.com/ 
Email: Stan@TheAnnuityMan.com 
Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work
YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g 
Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator! 
 

In this episode, The Annuity Man discussed: 
Annuity solutions to retirement problems 
The four things that annuities solve for 
How annuities can give peace of mind, flexibility, and freedom 
 
Key Takeaways: 
Retirement can be a daunting prospect, with the uncertainty of how long your savings will last and the fear of running out of money. However, annuities offer a solution to these concerns by providing contractual guarantees. 
Annuities can solve for principal protection, ensuring that your initial investment is safe. They also provide income for life, allowing you to have a steady stream of income throughout your retirement years. Additionally, annuities can help leave a legacy for your loved ones and even cover long-term care expenses.
By creating an income floor with annuities, retirees can have peace of mind knowing that their basic expenses are covered. This allows for greater flexibility and freedom in spending during retirement.
 
"Contractual guarantees matter, and contractual guarantees change lives." —  Stan The Annuity Man. 
 
Connect with The Annuity Man: 
Website: http://theannuityman.com/ 
Email: Stan@TheAnnuityMan.com 
Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work
YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g 
Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

In this episode, The Annuity Man discussed: 
What annuity doublers refer to 
The true story of annuity doublers 
 
Key Takeaways: 
Annuity “doublers” isn’t as lucrative as it seems. You become eligible for enhanced payment if you are found to be unable to do the five daily functions of life. 
The additional value given in enhanced payments is subtracted dollar for dollar from the accumulation value. So in essence, you’re not getting increased payments, you’re just getting your money back quicker as you get sicker.
When considering buying annuities remember that insurance companies will never give away money for free. If an agent’s pitch sounds too good to be true, it is every single time. 
 
"You should never ever buy a lifetime Income Rider for the doubler because all that means is when you get sicker, you get your money back quicker." —  Stan The Annuity Man. 
 
Connect with The Annuity Man: 
Website: http://theannuityman.com/ 
Email: Stan@TheAnnuityMan.com 
Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work
YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g 
Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

In this episode, The Annuity Man and David Blanchett discuss: 
People’s irrational preference 
A gap between perceived and actual ability
Is cryptocurrency going to last? 
Investing when there are low yields
 
Key Takeaways: 
In theory, people should be indifferent between spending down their portfolio and living off of it - but investors aren’t always rational, they have a strong preference towards not depleting their portfolio, and they want to live off of the income. 
As you age, your probability of making a poor decision increases. At the same time, the gap increases between your perceived ability to make good decisions and your actual abilities. 
Blockchain technology is real, it has some potential public use but the value of cryptocurrency is effectively speculative and most investors are young people who have never seen market downturns. 
Don't focus on the fact that it could drop in value, focus on how it does in creating sustainable income. 
 
"The best thing you can do is to make 'easy buttons' and a way to enjoy retirement where you're not stressed out all the time when the market goes down." —  David Blanchett
  
Connect with David Blanchett:
Website: https://www.davidmblanchett.com/ 
LinkedIn: https://www.linkedin.com/in/david-blanchett-b0b0aa2/ 
 
Connect with The Annuity Man: 
Website: http://theannuityman.com/ 
Email: Stan@TheAnnuityMan.com 
Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work
YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g 
Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator!

In this episode, The Annuity Man discussed: 
The four primary annuity types for lifetime income
There’s no ROI until you die with lifetime income annuities
Two important questions to consider when buying annuities 
 
Key Takeaways: 
There are four primary annuity types providing lifetime income: Single Premium Immediate Annuities, Deferred Income Annuities, Qualified Longevity Annuity Contracts, and Income Riders attached to products like Index Annuities and Variable Annuities. 
Lifetime income from annuities is a combination of return of principal plus interest, with the annuity company contractually obligated to pay as long as the buyer is breathing.
When you're buying lifetime income, always ask two questions: what do you want the money to contractually do and when do you want those contractual guarantees to start?
 
"Lifetime income stream is not an investment. This is a contract; a transfer of risk contract. I'm transferring the risk to solve for longevity risk - the fear of outliving your money." —  Stan The Annuity Man. 
 
Connect with The Annuity Man: 
Website: http://theannuityman.com/ 
Email: Stan@TheAnnuityMan.com 
Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work
YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g 
Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!