November 04, 2021

Basic Income Planning with Annuities

Listen Later

31 minutes

Making a great income with a steady paycheck is a dream for most. But the wrinkles in our lives make it more difficult to reach this peak. How long should you wait to actually get paid for and get the most out of your social security?

Following last week's discussion on maximizing social security, this episode will cover other factors that needed to be considered. Join our host, Bryan Anderson, as he explains how to use the numbers once you've determined which social security strategy is best for you!

What You’ll Learn in This Episode:

[03: 02] What is the perfect balance, the perfect amount of Annuity?

[03: 53] An in-depth discussion of Bryan's recent case study of a couple deferring social security until they reach full retirement age.

[08: 26] Calculating payment losses due to waiting time vs. early social security income

[13: 54] Income planning recommendations based on the case study's portfolio

[17:10] The Mattress Strategy: How to fund retirement on a zero-growth income

[18: 28] Income requirement vs. annual inflation rate: What is the solution?

[24: 19] Final remarks on the case's planning point

Key quotes:

[03: 39] “Some people just really like annuities and they buy more of them because it's protected money. They get a nice growth rate out of it and they always get access to it.” ~Bryan Anderson

[20: 55] “What if we need long-term care? What if we have medical expenses and all this extra stuff? They've got to have some growth in the portfolio, no matter how they do it.”~Bryan Anderson

[25: 44] “Plan for income, have discretion over the assets that you invest, have control over the money, and do an annuity the right way. You can certainly take the income on an annuity and increase your wealth through retirement.” ~Bryan Anderson

Links/Resources:

How to Really Maximize Social Security

Call Annuity Straight Talk at 800-438-5121 or schedule a call at AnnuityStraightTalk.com

...more

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Annuity Straight Talk

By Bryan Anderson

3.6

1414 ratings

November 04, 2021

Basic Income Planning with Annuities

Listen Later

31 minutes

Making a great income with a steady paycheck is a dream for most. But the wrinkles in our lives make it more difficult to reach this peak. How long should you wait to actually get paid for and get the most out of your social security?

Following last week's discussion on maximizing social security, this episode will cover other factors that needed to be considered. Join our host, Bryan Anderson, as he explains how to use the numbers once you've determined which social security strategy is best for you!

What You’ll Learn in This Episode:

[03: 02] What is the perfect balance, the perfect amount of Annuity?

[03: 53] An in-depth discussion of Bryan's recent case study of a couple deferring social security until they reach full retirement age.

[08: 26] Calculating payment losses due to waiting time vs. early social security income

[13: 54] Income planning recommendations based on the case study's portfolio

[17:10] The Mattress Strategy: How to fund retirement on a zero-growth income

[18: 28] Income requirement vs. annual inflation rate: What is the solution?

[24: 19] Final remarks on the case's planning point

Key quotes:

[03: 39] “Some people just really like annuities and they buy more of them because it's protected money. They get a nice growth rate out of it and they always get access to it.” ~Bryan Anderson

[20: 55] “What if we need long-term care? What if we have medical expenses and all this extra stuff? They've got to have some growth in the portfolio, no matter how they do it.”~Bryan Anderson

[25: 44] “Plan for income, have discretion over the assets that you invest, have control over the money, and do an annuity the right way. You can certainly take the income on an annuity and increase your wealth through retirement.” ~Bryan Anderson

Links/Resources:

How to Really Maximize Social Security

Call Annuity Straight Talk at 800-438-5121 or schedule a call at AnnuityStraightTalk.com

...more

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