Annuity Straight Talk

Performance-Based Income Annuities

Listen Later

In this episode, Annuity Straight Talk founder Bryan Anderson talks about a guaranteed income product called performance-based income annuity. He then goes on to explain certain terms, drawing examples from the newsletter that he published on October 8th. 

After explaining why he doesn’t sell contracts from B-rated companies, Bryan introduces Athene’s Agility contract and weighs in on its guaranteed and non-guaranteed values. He offers sound advice for people who are looking into this particular product as an option, highlighting the importance of managing one’s expectations.

What You’ll Learn in This Episode:

  • [01:52] About performance-based income annuities, roll-ups, and income values
  • [04:10] One of the problems that emerged when guaranteed income contracts came out roughly 10 years ago
  • [05:18] Some A-rated companies that offer performance-based income annuities
  • [10:30] Athene’s Agility contract values
  • [16:15]  If you’re looking for income, compare 4 or 5 annuities to get the value of contracts especially the guaranteed minimum
  • [16:50] How Athene’s Agility contract works hypothetically
  • [22:00] Bryan’s issue with this product 
  • [25:22] His conclusion and recommendations 

    • Key quotes:

    • “I’ve never disliked a single annuity because of the contract itself. I didn’t like them because of how they were sold.” ~Bryan
    • “Any of these (annuities) can be a good option for you, but you need to realize what you’re actually getting out of it.” ~Bryan
    • “A lot of people still believe they can strike it rich with an annuity, and I’ve talked to a lot of people who were disappointed.” ~Bryan

      • Links/Resources:

      • Performance-Based Income Annuities

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

         

        ...more
        View all episodesView all episodes
        Download on the App Store
        Annuity Straight TalkBy Bryan Anderson
        • 3.8
        • 3.8
        • 3.8
        • 3.8
        • 3.8

        3.8

        10 ratings

        More shows like Annuity Straight Talk

        View all
        Sound Retirement Radio by Jason Parker

        Sound Retirement Radio

        434 Listeners

        Your Money, Your Wealth by Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

        Your Money, Your Wealth

        772 Listeners

        Jill on Money with Jill Schlesinger by Audacy

        Jill on Money with Jill Schlesinger

        1,920 Listeners

        The Retirement and IRA Show by Jim Saulnier, CFP® & Chris Stein, CFP®

        The Retirement and IRA Show

        729 Listeners

        Talking Real Money - Investing Talk by Don McDonald

        Talking Real Money - Investing Talk

        618 Listeners

        Retirement Answer Man by Roger Whitney, CFP®, CIMA®, RMA, CPWA®

        Retirement Answer Man

        1,278 Listeners

        Retirement Starts Today by Benjamin Brandt CFP®, RICP®

        Retirement Starts Today

        485 Listeners

        Big Picture Retirement® by Devin Carroll, CFP® & John Ross, JD

        Big Picture Retirement®

        499 Listeners

        Stay Wealthy Retirement Podcast by Taylor Schulte, CFP®

        Stay Wealthy Retirement Podcast

        556 Listeners

        Retire With Purpose - The Retirement Podcast by Casey Weade

        Retire With Purpose - The Retirement Podcast

        545 Listeners

        “Fun With Annuities” The Annuity Man Podcast by The Annuity Man

        “Fun With Annuities” The Annuity Man Podcast

        53 Listeners

        Ready For Retirement by James Conole, CFP®

        Ready For Retirement

        776 Listeners

        Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance) by Ari Taublieb, CFP®, MBA

        Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)

        33 Listeners

        Retirement Planning Education, with Andy Panko by Andy Panko

        Retirement Planning Education, with Andy Panko

        703 Listeners

        Retire With Style by Wade Pfau & Alex Murguia

        Retire With Style

        162 Listeners