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

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!

In this episode, The Annuity Man discussed: 
The pricing mechanism of annuity products 
Annuities are commodity products 
Buy only the products that you understand 
 
Key Takeaways: 
Annuity pricing is primarily based on life expectancy, with interest rates playing a secondary role. Another key factor in annuity pricing is that annuity prices change based on capacity. 
Focus on the contractual guarantees when purchasing annuities, they are commodity products. So shop all carriers and find the highest contractual guarantee that is most suitable for your goal. 
Annuity products have the potential to become very complex. If you can’t explain it to a nine-year old, that means that you don’t understand it. If you don’t understand it, that means that you shouldn’t buy it. 
 
"When you're buying a lifetime income product, understand that life insurance companies have the big buildings for a reason, because they know when we're going to die and they're going to price things based on your life expectancy." —  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 Roger Whitney discuss: 
The two retirement crises
Balancing on the teeter-totter
Before going into fancy tactical stuff
Focusing on what you can control 
 
Key Takeaways: 
There are two retirement crises: one is when people don’t have enough money to pay the bills when they can’t work anymore. The other crisis is for people with many resources and options but doesn’t know the right thing to do. 
On the one hand, you should start having your best life today, and on the other hand, you also want to make sure that you’ll be alright when you live until 80 or 90. There’s tension between those two things, you’re standing in the middle of it all, and you have to cover yourself on both accounts. 
Start with what you want, then create a strategy that will make that feasible. Make it resilient so that you don’t get knocked off course and get too fancy tactics. 
Don’t waste your life trying to predict the future or reacting to every event. Instead, focus on things that will be useful to you, like building functional health - health that will enable you to spend time with family freely. 
 
"The majority of planning which feeds the mindset of this very uncertain world is always gonna default to denying today, and that’s not right because tomorrow isn’t promised to anyone. You gotta be a good steward. " —  Roger Whitney.
  
 
Connect with Roger Whitney:
Website: https://www.rogerwhitney.com/ 
Facebook: https://www.facebook.com/pg/retirementanswerman/posts/ 
LinkedIn: http://www.linkedin.com/in/rogerwhitney 
YouTube: https://www.youtube.com/channel/UC0gvNDYjMGdkO8OiNZu9jug 
Twitter: https://twitter.com/roger_whitney?lang=en 
Book: https://www.rogerwhitney.com/the-book 
Podcast: https://www.rogerwhitney.com/blog 
 
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!