In this episode, The Annuity Man discusses:

• Why we don't care about the cash flow percentage that other sites put by their numbers.
• The best immediate annuities...and why they differ for everyone.
• Income floor vs. cash flow.
• Annuities as confidence products.

Key Takeaways:

• Annuity companies have the big buildings for a reason - they are not giving any money away.
• Immediate annuities are the granddaddy of all lifetime income annuities, the granddaddy of all annuities for that matter.
• SPIAs can be used in a non-IRA setting, as well as in IRAs.
• Annuity companies are not smarter than banks, they're just more regulated.

"Income floor is a better word than cash flow. Income floor is the guaranteed amount hitting your bank account every single month, regardless of who's in office, what's happening in the markets, what's happening in the world. It's going to hit your account. " — Stan The Annuity Man

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In this episode, The Annuity Man discusses:

• What the 4% Rule is and how it affects you.
• Annuities are the only product that can provide a lifetime income stream.
• Figuring out what you need per month to know what your withdrawal strategies need to be.
• Understanding what you're buying before you sign anything.

Key Takeaways:

• Every person retiring needs to set up their income floor, regardless of everything else that is happening in the world.
• Interest rates play a secondary role.
• Annuities are commodity products. You need to shop around to find the best contractual guarantee for you.
• If you want market growth, you don't buy an annuity.

"All lifetime income from annuities, all transfer of risk, is a combination of return of principal plus interest." — Stan The Annuity Man

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In this episode, The Annuity Man discusses:

• The different types of annuities and how they can work for you in retirement.
• Understanding your specific goals and needs.
• Customizing your annuity for your individual needs.
• Combining an income floor with your social security.

Key Takeaways:

• Upfront bonuses are just part of the contractual guarantee, not free money.
• Solve for the specific situation, no one annuity will fill every need.
• If an agent is steering you to a one-product solution, you should be hesitant.
• Lifetime income is primarily based on your life expectancy at the time you take the payment. Interest rates play a secondary role.

"The best annuity type for retirement really comes down to your situation. There is no one size fits all." — Stan The Annuity Man

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In this episode, The Annuity Man discusses:

• The original purpose of a variable annuity.
• The mess that has been caused by Transamerica now taking over these Vanguard annuities.
• Being careful about companies offering upfront bonuses on annuities.
• Holding on and not making rash decisions.

Key Takeaways:

• Transamerica is the company that is now servicing all of the annuities that were purchased at Vanguard.
• Annuity companies are more regulated than banks.
• Don't make rash decisions because you are having a hard time currently getting a hold of your annuity company during a transition period.
• The agents at Transamerica are on your side and want to help just be patient.

"Anytime you transfer from one annuity to another, during the application process, you have to prove, contractually, that it's a better deal for you to go from one to the other." — Stan The Annuity Man

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In this episode, The Annuity Man discusses:

• How to know if you even need an annuity.
• Shopping all carriers for your specific situation.
• The 5 choices when you have a fixed index annuity with an income rider.
• Test-driving your annuity.

Key Takeaways:

• There is no rush to buy an annuity, only to understand it.
• You will never know the ROI until you die on an annuity. It is a lifetime income stream.
• Income riders are flexible, you can change your mind - you can do a contractual pivot.

"If you defer out, say another three or four years, the income streams going to be higher, why the older you are the higher the payment because it is primarily based on life expectancy, not interest rates, not interest rates, not interest rates, not interest rates, not interest rates. " — Stan The Annuity Man

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Email: [email protected]

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In this episode, The Annuity Man discusses:

• Understanding how a fixed index annuity works, rather than how it is pitched.
• The dangers in backtested numbers (and why they should be illegal in all 50 states).
• Stripping away the complication of the fixed index annuity.
• Shopping around for your annuity and asking for a specimen policy.

Key Takeaways:

• Fixed index annuities can be used as an efficient and cost-effective delivery system for the income rider guarantee.
• The renewal rate is where the game is played with index annuities.
• There are over 700 index options currently available.
• If you want market growth, never buy an annuity.

"Fixed indexed annuities are a good investment if you fully understand how to use them, and fully understand how they are designed, and fully understand the realistic return expectations you should have." — Stan The Annuity Man

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In this episode, The Annuity Man discusses:

• What is meant when we talk about annuity rates.
• The three primary lifetime income products in the annuity world.
• Falling in love with the contractual number, no the carrier.
• Understanding what you're trying to solve for and how rates apply to your specific situation.

Key Takeaways:

• In the annuity world, "rates" does not always mean interest rates. Rates can also mean life expectancy.
• Interest rates play a secondary role - life expectancy drives the train with all lifetime income.
• People have been waiting for rates to go up, but there is no guarantee on rates going up. They could still go down. Nobody knows what is going to happen with the rates.
• Rates can mean a couple of things in the annuity world. If you're looking for an annuity, you need to know what you're trying to do with the annuity before you know what rate you are talking about.

"With lifetime income, you can customize the payments to work exactly like you want them to work." — Stan The Annuity Man

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In this episode, The Annuity Man discusses:

• What an index annuity is.
• Buying the contractual reality, not the dream.
• Why renewal rates are the key to index annuities.
• The importance of understanding what the renewal rates are and why they matter.

Key Takeaways:

• If you're looking for an index annuity for accumulation, then you need to know about renewal rates.
• There is no renewal rate history on an index that has just been created.
• There is no reason not to send a specimen policy - annuities are contracts, so you might want to read it before you sign.
• Never, ever, ever base your decision on a backtested number.

"Renewal rates with indexed annuities are the secret and hidden sauce that no one ever talks about, but that you and me need to talk about. " — Stan The Annuity Man

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Email: [email protected]

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In this episode, The Annuity Man discusses:

• What a MYGA (Multi-year Guaranteed Annuity) is.
• The negatives to a MYGA.
• The length of time on a MYGA term.
• The hidden secrets of a MYGA.

Key Takeaways:

• Multi-year guarantee annuities and fixed indexed annuities are both CD products.
• Interest rates do not have to go up, there is a good argument for them to go to zero (even if we hope it doesn't).
• If you get to the end of your surrender term, you can then transfer it to another MYGA and keep pushing the tax puck down the ice.
• There is no urgency to own an annuity, the only urgency is to understand it.

"If you like simplicity, if you like short term, if you like understanding what you own, a MYGA is your product." — Stan The Annuity Man

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Email: [email protected]

Book: Owner's Manuals

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In this episode, The Annuity Man discusses:

• What an income rider is (and it isn't an annuity).
• The income rider versus the accumulated value side of the calculation table.
• The flexible nature of income riders.
• Taking the annuity payments when you need the income and transferring the risk.

Key Takeaways:

• An income rider is an attachment to a contractual agreement, not an agreement itself.
• Deferred income annuities and income riders solve for income later, which is income down the road. The difference is just how they contractually get there.
• Upfront bonuses are not giveaways, they are part of the contractual guarantee - anything that seems too good to be true is.
• Interest rates play a secondary role - life expectancy drives the pricing train. Nobody knows where the interest rates will go.

"An income rider is a lifetime pension that is flexible." — Stan The Annuity Man

Connect with The Annuity Man:

Website: TheAnnuityMan.com

Email: [email protected]

Book: Owner's Manuals

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