In this episode, The Annuity Man discussed:

• Retirement planning essentials

• Achieving financial security in retirement

• Determining a lifestyle number

Key Takeaways:

• Lifestyle income guarantees are crucial for retirement planning, allowing retirees to live their desired lifestyle without worrying about market fluctuations or economic uncertainties.

• Annuities are the only financial products that can provide contractually guaranteed lifetime income, which can be combined with other sources like Social Security and pensions to achieve financial security.

• It's important to determine a "lifestyle number" - the monthly income needed to live comfortably and enjoy retirement, beyond just covering basic expenses. A combination of financial products can be used to achieve this lifestyle income guarantee.

"At the end of the day, it's about your lifestyle. It's about living chapter two of your life, and checking off all those boxes and making sure that you maximize every single day and be happy about it every day." — Stan The Annuity Man.

Connect with The Annuity Man:

Website: http://theannuityman.com/

Email: Stan@TheAnnuityMan.com

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 companies are more regulated than banks

• Features that protect the annuity industry

• There is no run on annuities

• How the banking crisis will affect the annuity industry

Key Takeaways:

• Annuity companies are more regulated than banks, with features like surrender charges and market value adjustments that prevent runs on the company.

• Annuity companies are required to invest in investment-grade bonds, providing stability, unlike banks that had to sell bonds during the recent crisis.

• Lifetime income products offered by annuity companies, such as SPIAs and DIAs, are irrevocable and provide a guaranteed income stream for life, preventing panicked withdrawals.

• The National Association of Insurance Commissioners (NAIC) plays a crucial role in overseeing annuity companies and protecting consumers, and the recent banking crisis will likely lead to increased oversight of the annuity industry.

"The bottom line: the annuity industry has put in place features to not only protect you, the consumer, which is their ultimate goal, period, but to protect the industry as well." — Stan The Annuity Man.

Connect with The Annuity Man:

Website: http://theannuityman.com/

Email: Stan@TheAnnuityMan.com

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:

• 4 contractual paths to future income

• Factors that affect the suitability of a plan for your situation

• Immediate Annuities

• No free lunch

Key Takeaways:

• There are 4 main contractual paths to achieve future income: 1) Buying an immediate annuity when income is needed, 2) Using a "My Go-To SPIA" Fixed-Rate Annuity, 3) Purchasing a deferred income annuity (DIA), and 4) Buying an Indexed Annuity with an Income Rider.

• Each of the 4 options has its own advantages and disadvantages, and the best choice depends on the individual's specific needs, goals, and preferences around factors like control, flexibility, and predictability of the income stream.

• Immediate annuities are straightforward "commodity" products that simply transfer risk, while DIAs provide a guaranteed future income stream that can be calculated in advance. Income riders on indexed annuities offer flexibility but come with tradeoffs.

• Understand the nuances of each option and don’t fall for overly-optimistic sales pitches, as there is no "free lunch" when it comes to annuities.

"If it sounds too good to be true, it is every single time." — Stan The Annuity Man.

Connect with The Annuity Man:

Website: http://theannuityman.com/

Email: Stan@TheAnnuityMan.com

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!