In this episode, The Annuity Man discussed: 

• What does it mean to live off the interest? 

• Living off guaranteed interest 

• When interest rates go down 

• If you can’t live off of the interest

Key Takeaways: 

• At the time of this taping, some money markets are 4, some CDs at five, and some MYGAs at five and a half. A lot of you out there have enough funds that whatever interests you can take off of those products is sufficient, and you never have to touch the principal. 

• There's no guaranteed return with index annuities, variable annuities, or buffer annuities. That doesn’t mean they’re bad products, but if you can live off of a guaranteed interest, why not do that? 

• When you lock in at a certain interest, it doesn’t matter if the interest rates go down in the market - you’ll benefit from what is contractually guaranteed. 

• Suppose we can prove mathematically that we can’t hit your goal from living off of the interest. In that case, that’s when we’ll look for contractual guarantee products for lifetime income because they’ll provide a higher payback of your money. 

"You're going to ride that peeling off the interest as long as you can. You're gonna ride that train of never touching the principal and never paying a fee as long as you can, and if rates go down, then we will pivot " —  Stan The Annuity Man. 

Connect with The Annuity Man: 

Website: http://theannuityman.com/ 

Email: [email protected] 

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

Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

In this episode, The Annuity Man and John Olsen discuss: 

• The suitability approach and consumer trust 

• How the annuity industry can be better 

• Approaching people who hate annuities 

• Risk management and risk transfer 

Key Takeaways: 

• There is a considerable certainty that companies out there are determined to give the right product to their clients. 

• If you’re looking for a solution for your client, the agent should be able to show 3-10 companies that could get the client what they want and need. 

• Improving your knowledge of annuities as an agent is simple: read the contract. Don’t rely on the marketing material, read the hard words. 

• Here’s what you can do with risks: you either assume it, remove it, reduce it, or transfer it. Annuity allows you to transfer risks. 

"These are investments to a degree, but most annuities are risk management tools. There are a few things you can do with risks: assume it, remove it, reduce it, or transfer it… Transfer the risk, that’s what annuities do. Fixed annuities are all about guarantees." —  John Olsen

Check out John Olsen’s books here: https://www.amazon.com/John-L-Olsen/e/B011PP1LBK/

Connect with John Olsen:

Website: http://olsenannuityeducation.com/ 

LinkedIn: https://www.linkedin.com/in/john-olsen-clu-chfc-aep-ba551217/ 

Facebook: https://www.facebook.com/john.olsen.165 

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 

Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator! 

In this episode, The Annuity Man discussed: 

• What are MYGAs and SPIAs? 

• Annuities are contractual commodities 

• MYGA to SPIA 

Key Takeaways: 

• A MYGA, Multi-Year Guaranteed Annuity, is the annuity industry's version of a CD. The good news about MYGAs is that the interest rate is locked in and non-callable. This means that when interest rates go down, you’re going to be locked in. 

• Annuities are contractual commodities, meaning that when you're buying them for the contractual guarantees, you can shop all carriers for the highest contractually guaranteed payout for your specific situation based on how you structure them. 

• Through MYGAs, you can protect the principal, peel off interest, and retain liquidity. After the duration of the MYGA, we can then shop all SPIA carriers and transfer the MYGA to the SPIA. 

"You can have your cake and eat it too, you can protect the principle, you can peel off interest if needed during that duration of the MYGA, and at the end of that term, you have full control of the asset." —  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 

Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

In this episode, The Annuity Man discussed: 

• The four main concerns that annuity addresses

• Why you should stay away from fancy annuities 

• Things to consider when buying annuities 

Key Takeaways: 

• Annuity contracts are designed to address four key concerns: principal protection, lifetime income, legacy planning, and long-term care. However, not all annuities are created equal.

• Fancy annuities often come with a host of fees and complicated rules that can make them difficult to understand and manage. On the other hand, contractual annuities offer the same guarantees without the added complexity, providing the peace of mind and financial security you need without the headaches.

• When considering an annuity, it's essential to weigh your options carefully and choose a product that aligns with your goals and values. By opting for a contractual annuity, you can enjoy the benefits of principal protection, lifetime income, legacy planning, and long-term care, all while keeping things simple and easy to understand.

"I used to work with Dean Witter, Morgan Stanley, Paine Webber, UBS, where that was market-driven stuff. If you're going to be fancy, be fancy over there because you have real possibilities of real returns. With annuities, they're contracts. Never forget that. You cannot have your cake and eat it too." —  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 

Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

In this episode, The Annuity Man and Dana Anspach discuss: 

• Juicing your retirement money                                                                                                                                                                                                           

• How can you know if you’re “retirement-ready”

• What are some things you have to consider when setting up your retirement plan

• The four percent rule

Key Takeaways: 

• Don’t underestimate what more you can juice from your retirement plan. You might very well end up with hundreds of thousands of dollars by the end of it. 

• You need to know what the risk factors are in the decumulation phase. 

• Calculating the bigger picture of your retirement will help you make decisions that increase your probability of success and have peace of mind in the future. 

• The reality is that you can’t spend just a solid percentage in your retirement fund, there are circumstances that would have to be accounted for - like needing to buy a car or having a health issue in the family. 

"People are so focused on accumulating assets, which is relatively easy compared to the math you have to solve when you start drawing money out.” —  Dana Anspach

Connect with Dana Anspach:

Website: https://controlyourretirementdestiny.com/ | https://www.sensiblemoney.com/ 

Facebook: https://www.facebook.com/SensibleMoneyUS 

Podcast: https://podcasts.apple.com/us/podcast/control-your-retirement-destiny/id1438488254

LinkedIn: https://www.linkedin.com/in/danaanspach 

Twitter: https://twitter.com/SensibleMoneyUS | https://twitter.com/moneyover55 

Books: https://www.amazon.com/Dana-Anspach/e/B00GL9WC82%3F 

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 

Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator! 

In this episode, The Annuity Man discussed: 

• Annuity solutions to retirement problems 

• The four things that annuities solve for 

• How annuities can give peace of mind, flexibility, and freedom 

Key Takeaways: 

• Retirement can be a daunting prospect, with the uncertainty of how long your savings will last and the fear of running out of money. However, annuities offer a solution to these concerns by providing contractual guarantees. 

• Annuities can solve for principal protection, ensuring that your initial investment is safe. They also provide income for life, allowing you to have a steady stream of income throughout your retirement years. Additionally, annuities can help leave a legacy for your loved ones and even cover long-term care expenses.

• By creating an income floor with annuities, retirees can have peace of mind knowing that their basic expenses are covered. This allows for greater flexibility and freedom in spending during retirement.

"Contractual guarantees matter, and contractual guarantees change lives." —  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 

Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

In this episode, The Annuity Man discussed: 

• What annuity doublers refer to 

• The true story of annuity doublers 

Key Takeaways: 

• Annuity “doublers” isn’t as lucrative as it seems. You become eligible for enhanced payment if you are found to be unable to do the five daily functions of life. 

• The additional value given in enhanced payments is subtracted dollar for dollar from the accumulation value. So in essence, you’re not getting increased payments, you’re just getting your money back quicker as you get sicker.

• When considering buying annuities remember that insurance companies will never give away money for free. If an agent’s pitch sounds too good to be true, it is every single time. 

"You should never ever buy a lifetime Income Rider for the doubler because all that means is when you get sicker, you get your money back quicker." —  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 

Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

In this episode, The Annuity Man and David Blanchett discuss: 

• People’s irrational preference 

• A gap between perceived and actual ability

• Is cryptocurrency going to last? 

• Investing when there are low yields

Key Takeaways: 

• In theory, people should be indifferent between spending down their portfolio and living off of it - but investors aren’t always rational, they have a strong preference towards not depleting their portfolio, and they want to live off of the income. 

• As you age, your probability of making a poor decision increases. At the same time, the gap increases between your perceived ability to make good decisions and your actual abilities. 

• Blockchain technology is real, it has some potential public use but the value of cryptocurrency is effectively speculative and most investors are young people who have never seen market downturns. 

• Don't focus on the fact that it could drop in value, focus on how it does in creating sustainable income. 

"The best thing you can do is to make 'easy buttons' and a way to enjoy retirement where you're not stressed out all the time when the market goes down." —  David Blanchett

Connect with David Blanchett:

Website: https://www.davidmblanchett.com/ 

LinkedIn: https://www.linkedin.com/in/david-blanchett-b0b0aa2/ 

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 

Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator!

In this episode, The Annuity Man discussed: 

• The four primary annuity types for lifetime income

• There’s no ROI until you die with lifetime income annuities

• Two important questions to consider when buying annuities 

Key Takeaways: 

• There are four primary annuity types providing lifetime income: Single Premium Immediate Annuities, Deferred Income Annuities, Qualified Longevity Annuity Contracts, and Income Riders attached to products like Index Annuities and Variable Annuities. 

• Lifetime income from annuities is a combination of return of principal plus interest, with the annuity company contractually obligated to pay as long as the buyer is breathing.

• When you're buying lifetime income, always ask two questions: what do you want the money to contractually do and when do you want those contractual guarantees to start?

"Lifetime income stream is not an investment. This is a contract; a transfer of risk contract. I'm transferring the risk to solve for longevity risk - the fear of outliving your 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 

Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!

In this episode, The Annuity Man discussed: 

• The pricing mechanism of annuity products 

• Annuities are commodity products 

• Buy only the products that you understand 

Key Takeaways: 

• Annuity pricing is primarily based on life expectancy, with interest rates playing a secondary role. Another key factor in annuity pricing is that annuity prices change based on capacity. 

• Focus on the contractual guarantees when purchasing annuities, they are commodity products. So shop all carriers and find the highest contractual guarantee that is most suitable for your goal. 

• Annuity products have the potential to become very complex. If you can’t explain it to a nine-year old, that means that you don’t understand it. If you don’t understand it, that means that you shouldn’t buy it. 

"When you're buying a lifetime income product, understand that life insurance companies have the big buildings for a reason, because they know when we're going to die and they're going to price things based on your life expectancy." —  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 

Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!