When you hear the term "bonus," what’s the first thing that comes to your mind?

We often think of bonuses as if they're extra money, right? But right there lies the problem. The hard truth is, it’s not. Annuity bonuses are more like cash advances. Most of the time, bonus annuities are advertised to offset the surrender charges an annuitant faces when they move an annuity from one carrier to the other. And many people who spend their money on bonus products don’t quite get the fact that bonuses aren’t really bonuses but advances on future savings. They exist to attract your attention. 

To explain things further, here’s a solo episode brought to you by the annuity guy himself. Let’s hear it out from Bryan.

What You’ll Learn From This Episode:

[2:50] You can get a lot of good deals for safe money

[3:30] When it comes to retirement, most uses for safe money in retirement annuities are by far better

[4:23] Bonuses exist to attract your attention and are used by novice salespeople and advisors as the most prominent part of the pitch

[7:25] What are "phantom bonuses" and how can you benefit from them?

[9:00] A true bonus that only increases in cash value will come with lower growth potential

[11:22] There’s always something more to an annuity, and that includes a bonus

Key Quotes:

[3:20] "You've got a wide variety of options to choose from, and everyone of those is different. It works for a different purpose. " 

[4:10] "Everybody knows that nothing in the financial world comes for free."

[15:15] "The longer you wait to collect, the more you get."

Resources:

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