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

In 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 as you’re breathing. 
There are three phases of retirement: go-go, slow-go, and no-go. If you get to slow-go and no-go, you're going to need a long-term care confinement care type of transfer risk cover.
 
 
"If you're not going into the annuity contract to transfer risk. Don't buy it." —  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 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 - accumulating money isn’t going to do you any good if you don’t convert it into anything that will make your retirement a joyful experience. 
If you go into retirement and end up not having any passion for anything or not having anything you care about, you’re not gonna have a great retirement - whatever it might be, find that piece that will make your retirement meaningful for you. That’s true wealth.
Think about rewiring your preconceptions around money and wealth - it takes more than planning, it takes coaching and being aware of the misconceptions that you hold. 
 
"Would you give up all your money if it means that you’ll be happy for the rest of your life? Most people would say yes - that’s what we’re aiming for. Dollars are a means to an end." —  Jamie Hopkins
  
Connect with Jamie Hopkins:
Website: https://www.jamiehopkins.com/ 
LinkedIn: https://www.linkedin.com/in/jamie-hopkins-esq-llm-cfp%C2%AE-chfc%C2%AE-clu%C2%AE-ricp%C2%AE-022a502a/ 
Twitter: https://twitter.com/RetirementRisks 
Book: https://www.jamiehopkins.com/book/ 
 
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 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 your Individual Retirement Account. A 401k, 403b, or 457 are tax-deferred types that you’re eventually going to roll into an individual IRA. 
Your Required Minimum Distribution is also an annuity.  It creates an annual lifetime income stream. As long as you have IRA assets, you’re going to have to take RMDs. 
 
"You definitely own one [annuity], you most likely own two and you could own three - so what does that mean to you? That income floor takes you through chapter two of your life." —  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 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 a pension from a company or the government, that’s another income duck as well. Legacy stocks and triple-A municipal bonds that pay tax-free income are also income ducks.
Immediate Income Annuities, Deferred Income Annuities, and Qualified Longevity Annuity Contracts are all lifetime income products. Multi-Year Guarantee Annuities where you can just peel off interest and not touch the principal are also annuity income ducks. 
 
"The mother duck is Social Security. Pension payments, annuity type payments, bond payments, CD payments, Multi-Year Guarantee Annuity interest payments, those types of things are the ducks behind them." —  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 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 ready for not only the financial aspect but also the emotional aspect of retirement. This includes the loss of structure and social interactions. You will need to take the lead in creating new routines, new structures, and connections in chapter two of your life. 
The key to financial success in retirement is knowing how much you spend. The terms “essential expenses” and “discretionary expenses” simply mean “how much you have to spend” and “how much you want to spend.” Focus on having a good estimate of how much you spend each year and start there. 
Everyone who’s still living needs to create an estate plan. Make your own funeral plans and decisions. Leave your children or family with an inheritance and a legacy rather than with financial and emotional burdens. 
 
"The key to financial success in retirement, in my humble opinion, is not what products you have or how great your investment strategy is. It's knowing how frickin much you spend." —  Marcia Mantell
 
Connect with Marcia Mantell:
Website: https://mantellretirementconsulting.com/about/meet-marcia-mantell/ 
LinkedIn: https://www.linkedin.com/in/marciamantell/ 
Twitter:https://twitter.com/MarciaMantell 
 
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 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 only about making the most amount of money by selling the most amount of policies that they can to anybody they meet. Meanwhile, you’ve worked your whole life to get to your chapter two. Your retirement is not a game. 
Annuity policies are contracts so you should shop all carriers for contractual guarantees only. When you do that, you completely turn the products into commodities, which means we can shop all carriers for the highest contractual guarantee for your specific situation.
 
"You have to fully understand that this is not a game. Annuity policies are contracts… shop all carriers for the highest contractual guarantee for your specific situation." —  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!