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

In this episode, The Annuity Man discussed: 
Be strategic and efficient when purchasing annuities 
Reverse engineering annuity quotes 
Maximizing retirement income 
 
Key Takeaways: 
When it comes to purchasing annuities for retirement income, it's essential to be strategic and efficient with your money. This is why you should aim to use the least amount of money possible to meet your specific income goals.
Rather than simply accepting the first quote you receive, reverse engineer quotes using specialized calculators at www.stantheannuityman.com/annuity-calculators. By doing so, you can compare different carriers and find the one that is best suited for you. 
The key is to be strategic and efficient with your money and to work with a trusted expert who can guide you through the process. With the right approach, you can maximize your retirement income and enjoy a secure and comfortable future.
 
"Use as little amount of money as possible to solve for the goal." —  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 value of annuities for lifetime income planning 
Laddering strategy with annuities 
Placing an annuity inside a trust 
 
Key Takeaways: 
When it comes to planning for lifetime income, annuities can be a valuable tool. However, it's essential to approach annuities with strategies that allow for flexibility and the ability to adapt to changing circumstances.
By purchasing multiple annuities with different start dates, you can create a steady stream of income that aligns with your needs over time. This approach, called laddering, allows you to adjust your income as your requirements change, providing a level of flexibility that a single annuity may not offer.
By placing an annuity inside a trust, you can maintain control over the asset while still benefiting from the lifetime income it provides. This strategy can be particularly useful for those who want to ensure their assets are managed according to their wishes, even if they become incapacitated.
 
"It's a keep your powder dry strategy, meaning that you can go into this with a plan in place for future income needs in the future. You know exactly to the penny what that's going to be. But if something changes between now and then, you can get all your money back because the underlying value walk away money is with that Indexed Annuity, which is a Fixed Annuity." —  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 Gary Baker discuss: 
The Secure Act's role in making annuities more accessible within 401(k) plans
Lifetime guaranteed income options within 401(k) target date funds
The widespread inclusion of lifetime income options
How annuities can alleviate pressure on Social Security
 
Key Takeaways: 
The retirement landscape is evolving, and with the introduction of the Secure Act, annuities are becoming more accessible to a broader market through 401k plans. Employers can now offer annuities as an investment option, providing employees with the opportunity to secure guaranteed lifetime income.
There are a lot of various options for integrating annuities into target date funds, including Variable, Indexed, and Fixed Annuities with income benefits. However, the adoption rate of these options remains low due to implementation challenges for small employers and the need for more education and support.
Fee-based advisors are also starting to incorporate annuities into their portfolios, recognizing the demographic tidal wave of retirees seeking guarantees. Advancements in technology have made annuities more manageable within their existing practices, allowing them to better serve their clients' needs.
As the demand for lifetime income options continues to grow, options too will become more commonplace in defined contribution plans within the next decade. This shift will positively impact the country and alleviate pressure on Social Security. 
 
"Financial advisors should know all the tools available, and then, depending upon the client’s specific situation, feel comfortable and put in the right spot that's in their best interest and the right thing to do." —  Gary Baker
 
 
Connect with Gary Baker:
Website: https://www.cannex.com 
 
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: 
Annuities are contracts 
The perfect time to buy an annuity 
You can’t time contracts
 
Key Takeaways: 
There is no "sweet spot" to purchase annuities, as all types have contractual guarantees that should be analyzed. Remember that annuities are contracts, not investments.
The perfect time to buy an annuity is when the contractual guarantees make sense to you and when they fit that gap for principal protection, income for life, legacy, and long-term care. 
Nobody knows where interest rates are going to go and that is especially true with annuities since the pricing mechanism is primarily based on life expectancy.. Annuities are contracts, you can’t time contracts. You buy contracts for the guarantees. 
 
"Nobody knows when the bell is gonna ring at the top or the bottom. Nobody can time it, especially with annuities." —  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 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!