- Episode Content: In this episode (Episode number seven), Marty discusses how to choose the right annuity for your retirement situation.
- Number of Annuity Companies: Marty mentions that there are around 200 different annuity companies, each offering various annuity products, ranging from 5 to 20 different options per company.
- Advisor Issues: Marty points out that some advisors in the industry may try to push the same annuity to everyone, which is not the best approach, as different individuals have unique financial needs.
- Purpose of Money: Marty emphasizes the importance of defining the purpose of your money when considering annuities, whether it's for growth, guaranteed income, or leaving money behind.
- Customized Recommendations: He stresses that every strategy and recommendation he provides is customized to the individual client, taking into account their specific circumstances and needs.
- Choosing Annuity Companies: Marty mentions that he is a non-captive adviser with access to all annuity companies. He uses third-party software to compare annuities and choose the best one for a client based on financial stability, payout potential, benefits, and customer service.
- Criteria for Choosing Companies: He discusses four criteria for selecting annuity companies: financial stability, highest payout or growth potential, benefits, and customer service.
- Importance of Customer Service: Marty highlights the significance of good customer service when dealing with annuity companies.