7 min
You Already Own At Least 2 Annuities: Shootin' It Straight With Stan “Fun With Annuities” The Annuity Man Podcast
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- Investing
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:
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!
7 min