In this episode, The Annuity Man discussed: 

• Retirement planning is not a game

• Asking hard questions

• Diversification and limits

• Two key questions to ask

 

Key Takeaways: 

• Stan emphasizes that choosing an annuity is not about sales tactics or commissions, but about protecting your life's hard-earned savings and creating a secure retirement strategy.

• Always ask detailed questions about the annuity product, understand its contractual guarantees, and don't buy something you can't fully comprehend. If an advisor can't explain it clearly, walk away.

• Don't put more than 50-60% of your investable assets into annuities. Shop across multiple carriers for the best contractual guarantees and focus on your specific needs using the PILL framework (Principal protection, Income for life, Legacy, Long-term care).

• When considering annuities, focus solely on the contractual guarantees. Ask two key questions: "What do you want the money to contractually do?" and "When do you want those contractual guarantees to start?" This approach helps create a predictable, surprise-free retirement income strategy.

 

"Every single time when someone's pitching you something, I want you to think to yourself, ‘this is not a game. Let me ask hard questions. Let me understand everything before I make a final decision on this hard earned money.’” —  Stan The Annuity Man. 

 

Connect with The Annuity Man: 

Website: http://theannuityman.com/ 

Email: [email protected] 

Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work

YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g 

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