In this episode, The Annuity Man discussed:

• Using annuities to create a pension

• The best inflation annuity

• Focusing on guarantees

Key Takeaways:

• Annuities can be used to create a personal pension that provides a guaranteed lifetime income stream, similar to a traditional pension. The main annuity types discussed are Single Premium Immediate Annuities (SPIAs), Deferred Income Annuities (DIAs), Qualified Longevity Annuity Contracts (QLACs), and Income Riders.

• Social Security is considered the best inflation annuity and pension, and no commercial annuity can fully protect against inflation without significantly reducing the initial payment. Relying solely on Social Security may not be enough for many retirees.

• When evaluating annuities, the focus should be on the contractual guarantees, not hypotheticals or marketing claims. The "best" annuity is the one that provides the highest contractual guarantee tailored to the individual's specific needs and situation.

"There is no “best [annuity]”, regardless of what your agent or advisor might tell you. Best means highest contractual guarantee. Best means solving for your specific situation." — 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

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