“Fun With Annuities” The Annuity Man Podcast The Annuity Man
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Fun With Annuities® Podcast is hosted by America’s Annuity Agent, Stan The Annuity Man®. Hear brutal annuity facts with no sales pitches from the top independent agent in the country, licensed in all 50 states. Author of 7 books, Stan dives deep on all annuity types and strategies. It’s fun, learning the contractual truths on how annuities actually work and if they’ll fit your personal retirement lifestyle. Listen in on how you can be livin’ the reality, not the dream.
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Get Your Annuity Income Ducks in a Row: Shootin' It Straight With Stan
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! -
Marcia Mantell: Cookin' Up Your Retirement Plan
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! -
Your Retirement Plan Is Not an Annuity Game: Shootin' It Straight With Stan
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! -
Annuity Decisions Should Be Simple & Contractual: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed:
Buying contractual guarantees
Keeping it simple with annuities
Annuities that adjust for inflation
Key Takeaways:
Buy annuities only for their contractual guarantees. Don’t buy an annuity for hypothetical, theoretical, back-tested returns. Don’t buy an annuity for the upfront bonus. Buy an annuity for what it will do, not what it might do.
Annuities are supposed to be simple. You should understand your annuity contract enough to be able to explain it to a nine-year-old.
Annuity companies don't give away Cost of Living Adjustments or potential index increases, and instead severely lower the initial payment compared to the same annuity without those potential increases.
"Annuity decisions should be simple and contractual, they have to be both. They can’t be one or the other." — 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! -
Andy Panko: Financial Planning Demystified and Unemotional (TAM Classic)
In this episode, The Annuity Man and Andy Panko discuss:
How advisors should construct their fees
The complexity of decumulation
Making the plan as good as it can be
Cryptocurrency is a lottery ticket
Key Takeaways:
The work isn’t linear to the asset size; advisors shouldn’t make more money just because assets go up. In the same way, advisors shouldn’t be paid less just because the markets go down. They’re still doing the same amount of work and providing the same services.
Investment management, even good investment management, has become increasingly cheap, easy, and commoditized to do and do well. Decumulation is much more complex.
Try to make the plan as good as it can be initially, accounting for unpredictable events. So try to structure your plan as best as possible to account for times of distress. Get all things working cohesively - it’s not just investments, insurance, real estate - it’s everything, including guaranteed lifetime income.
Cryptocurrency has zero intrinsic value. Its value is 100% on simple auction market pricing; it’s only worth as much as what someone is willing to pay for it. You can invest a small portion into it, but only if you’re comfortable that the value could go to zero. Treat it like a lottery ticket.
"Most people can do accumulation well; it’s the decumulation where things get a little more tactical and complicated…" — Andy Panko.
Connect with Andy Panko:
Website: https://tenonfinancial.com/
Facebook: https://www.facebook.com/tenonfinancial
YouTube: https://www.youtube.com/retirementplanningdemystified
LinkedIn: https://www.linkedin.com/in/andypanko/
Twitter: https://twitter.com/tenonfinancial
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! -
Annuities Will Do What You Contractually Need: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed:
Don’t buy the dream
Backtested numbers are not guaranteed
What an annuity is for
Key Takeaways:
Do not buy hypotheticals, dream sales pitches, or back-tested returns. Do not buy the annuity dream because you're going to own the contractual reality.
There’s no such thing as a “guaranteed and back-tested” return. To say that it’s back-tested means that there are no guarantees. Buy an annuity for what it will do, not what it might do.
If you want market returns, don’t buy an annuity of any type. Don’t buy a packaged product or anything that limits the upside. Buy an annuity only for Principal protection, Income for life, Legacy, and Long-term care.
"I don't like the word hypothetical. I like the word guaranteed. You need to like the word guaranteed. You need to shun anything hypothetical. Walk away from the unicorns-chasing-the-butterfly sales pitch. You can’t lock in a hypothetical, but you can lock in a contractual guarantee." — 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!
Customer Reviews
Excellent, clear and very pertinent information
Stan the annuity man really gives a very clear and pertinent information and has wonderful guests that do the same. It’s the authentic and trustworthy discussions and explanations that make this a great podcast.
Binge This Podcast
This is by far the most well-presented and easy-to-understand financial show I've ever heard. Annuities have been a hot topic in my household lately but I am definitely a newbie. This show has helped me understand the benefits and manage my expectations. I'll definitely be diving in to annuities with my eyes wide open after this.
Love the honesty!
I’m just getting into learning about annuities so this podcast has been super helpful and doesn’t feel like I’m sitting in some advanced college class trying to keep up, love it!