“Fun With Annuities” The Annuity Man Podcast

The Annuity Man

Fun With Annuities® Podcast is hosted by America’s Annuity Agent, Stan The Annuity Man®. Hear brutal annuity facts with no sales pitches from the top independent agent in the country, licensed in all 50 states. Author of 7 books, Stan dives deep on all annuity types and strategies. It’s fun, learning the contractual truths on how annuities actually work and if they’ll fit your personal retirement lifestyle. Listen in on how you can be livin’ the reality, not the dream. read less
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Episodes

Jamie Hopkins: Retirement Planning And The Why That Makes You Cry (TAM Classic)
5d ago
Jamie Hopkins: Retirement Planning And The Why That Makes You Cry (TAM Classic)
In this episode, The Annuity Man and Jamie Hopkins discuss:  ROS - Return on Sleep From an accumulation to a decumulation mindset Living your retirement meaningfully  Changing your relationship with money    Key Takeaways:  People often don’t care about optimal, people care about being happy. Giving people a good retirement experience, a Return On Sleep, is better than giving optimal results.  Point your focus towards what you’re planning to work towards or what you want to acquire - accumulating money isn’t going to do you any good if you don’t convert it into anything that will make your retirement a joyful experience.  If you go into retirement and end up not having any passion for anything or not having anything you care about, you’re not gonna have a great retirement - whatever it might be, find that piece that will make your retirement meaningful for you. That’s true wealth. Think about rewiring your preconceptions around money and wealth - it takes more than planning, it takes coaching and being aware of the misconceptions that you hold.    "Would you give up all your money if it means that you’ll be happy for the rest of your life? Most people would say yes - that’s what we’re aiming for. Dollars are a means to an end." —  Jamie Hopkins    Connect with Jamie Hopkins: Website: https://www.jamiehopkins.com/  LinkedIn: https://www.linkedin.com/in/jamie-hopkins-esq-llm-cfp%C2%AE-chfc%C2%AE-clu%C2%AE-ricp%C2%AE-022a502a/  Twitter: https://twitter.com/RetirementRisks  Book: https://www.jamiehopkins.com/book/    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!
Get Your Annuity Income Ducks in a Row: Shootin' It Straight With Stan
Mar 27 2024
Get Your Annuity Income Ducks in a Row: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed:  What retirement is all about  The ducks that you may already have Annuity income ducks    Key Takeaways:  Retirement, or chapter two of your life, is the time that you need money hitting the bank account so that you can go live your life. This chapter is going to be all about you, about your lifestyle, and about reclaiming your health.  The first income duck you have is the best inflation annuity on the planet: Social Security. If you have a pension from a company or the government, that’s another income duck as well. Legacy stocks and triple-A municipal bonds that pay tax-free income are also income ducks. Immediate Income Annuities, Deferred Income Annuities, and Qualified Longevity Annuity Contracts are all lifetime income products. Multi-Year Guarantee Annuities where you can just peel off interest and not touch the principal are also annuity income ducks.    "The mother duck is Social Security. Pension payments, annuity type payments, bond payments, CD payments, Multi-Year Guarantee Annuity interest payments, those types of things are the ducks behind them." —  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!
Marcia Mantell: Cookin' Up Your Retirement Plan
Mar 26 2024
Marcia Mantell: Cookin' Up Your Retirement Plan
In this episode, The Annuity Man and Marcia Mantell discuss:  The value of simplicity in understanding financial concepts Getting ready for the emotional aspect of retirement  The key to financial success in retirement  The importance of creating an estate plan    Key Takeaways:  If you can’t explain a concept or product simply to somebody who doesn’t live in your industry, then you don’t understand that concept or product enough.  You are going to retire someday, you have to be ready for not only the financial aspect but also the emotional aspect of retirement. This includes the loss of structure and social interactions. You will need to take the lead in creating new routines, new structures, and connections in chapter two of your life.  The key to financial success in retirement is knowing how much you spend. The terms “essential expenses” and “discretionary expenses” simply mean “how much you have to spend” and “how much you want to spend.” Focus on having a good estimate of how much you spend each year and start there.  Everyone who’s still living needs to create an estate plan. Make your own funeral plans and decisions. Leave your children or family with an inheritance and a legacy rather than with financial and emotional burdens.    "The key to financial success in retirement, in my humble opinion, is not what products you have or how great your investment strategy is. It's knowing how frickin much you spend." —  Marcia Mantell   Connect with Marcia Mantell: Website: https://mantellretirementconsulting.com/about/meet-marcia-mantell/  LinkedIn: https://www.linkedin.com/in/marciamantell/  Twitter:https://twitter.com/MarciaMantell    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!
Your Retirement Plan Is Not an Annuity Game: Shootin' It Straight With Stan
Mar 20 2024
Your Retirement Plan Is Not an Annuity Game: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed:  The standard of a fiduciary Your retirement is not a game  Annuities as guarantees and as commodities   Key Takeaways:  Be wary of people in the annuity industry who sell one product to every type of person. In most cases, the product they’re selling is the highest commission product. The annuity you buy has to be aligned with the goal you want to set for chapter two of your life.  Some advisors look at annuities like it’s a game, thinking only about making the most amount of money by selling the most amount of policies that they can to anybody they meet. Meanwhile, you’ve worked your whole life to get to your chapter two. Your retirement is not a game.  Annuity policies are contracts so you should shop all carriers for contractual guarantees only. When you do that, you completely turn the products into commodities, which means we can shop all carriers for the highest contractual guarantee for your specific situation.   "You have to fully understand that this is not a game. Annuity policies are contracts… shop all carriers for the highest contractual guarantee 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  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!
Andy Panko: Financial Planning Demystified and Unemotional (TAM Classic)
Mar 12 2024
Andy Panko: Financial Planning Demystified and Unemotional (TAM Classic)
In this episode, The Annuity Man and Andy Panko discuss:  How advisors should construct their fees  The complexity of decumulation  Making the plan as good as it can be Cryptocurrency is a lottery ticket    Key Takeaways:  The work isn’t linear to the asset size; advisors shouldn’t make more money just because assets go up. In the same way, advisors shouldn’t be paid less just because the markets go down. They’re still doing the same amount of work and providing the same services. Investment management, even good investment management, has become increasingly cheap, easy, and commoditized to do and do well. Decumulation is much more complex.  Try to make the plan as good as it can be initially, accounting for unpredictable events. So try to structure your plan as best as possible to account for times of distress. Get all things working cohesively - it’s not just investments, insurance, real estate - it’s everything, including guaranteed lifetime income.  Cryptocurrency has zero intrinsic value. Its value is 100% on simple auction market pricing; it’s only worth as much as what someone is willing to pay for it. You can invest a small portion into it, but only if you’re comfortable that the value could go to zero. Treat it like a lottery ticket.    "Most people can do accumulation well; it’s the decumulation where things get a little more tactical and complicated…" —  Andy Panko.   Connect with Andy Panko: Website: https://tenonfinancial.com/  Facebook: https://www.facebook.com/tenonfinancial  YouTube: https://www.youtube.com/retirementplanningdemystified  LinkedIn:  https://www.linkedin.com/in/andypanko/  Twitter: https://twitter.com/tenonfinancial    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!
Terry Savage: The Savage Truth For Your Money in 2024
Feb 27 2024
Terry Savage: The Savage Truth For Your Money in 2024
In this episode, The Annuity Man and Terry Savage discuss:  401k and annuities  What does it mean to be a fiduciary?  Annuities are commodity products Always have some chicken money   Key Takeaways:  When you are in the accumulation phase, there should be no limitations at all on the upside. You’re better off focusing on accumulation during the 401k time period and then at the end pivoting to an immediate annuity for a lifetime income stream.  Being a fiduciary means more than just having a plaque on the wall. Anyone in the financial business should be putting their client's best interests ahead of themselves every single time.  People need to realize annuities are commodity products. Not one company is better than the other. Not one product is better than the other. These quotes change like a gallon of milk every seven to 10 days so you have to quote for the highest contractual guarantee. Everybody should have some chicken money. The top four chickens are treasuries, CDs, money market, and MYGAs which are the annuity industry’s version of a CD. These are all for principal protection, no annual fee, guaranteed interest rates for your chicken money.    "There is one annuity that you might have that will keep up with inflation and it’s called Social Security." —  Terry Savage   Connect with Terry Savage: Website: https://www.terrysavage.com/  YouTube: https://www.youtube.com/user/TerryTalksMoney  LinkedIn: https://www.linkedin.com/in/thesavagetruth/  Twitter: https://twitter.com/Terrytalksmoney  Facebook: https://www.facebook.com/The-Savage-Truth-190870517609983/  New Book Link: https://www.amazon.com/gp/product/1119645441/ref=pe_2313400_441222210_em_1p_0_lm   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!
Annuities Can Have Flexible Income Start Dates: Shootin' It Straight With Stan
Feb 21 2024
Annuities Can Have Flexible Income Start Dates: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed:  The four lifetime income products How annuities are priced  The simplicity of SPIA  Getting the highest guarantee    Key Takeaways:  There are four lifetime income products: Single Premium Immediate Annuities, Deferred Income Annuities, Qualified Longevity Annuity Contracts, and Income Riders that can be attached to Variable Annuities and Indexed Annuities.  Annuities are priced primarily on your life expectancy at the time you start the payment. Interest rates play a secondary role.  Deferred Income Annuities are in essence just a Single Premium Immediate Annuity that is deferred past a year. A SPIA has no moving parts, no market attachments, and no annual fees. It is a straight transfer of risk.  The highest possible payments you can have from an annuity are from a life-only annuity. This is the annuity for people who don’t want to give to any beneficiaries. Companies often issue these without the option to change the start date, but you can change the start date if the contract has a cash refund or period certain attached to it.    "That income for life transfer risk strategy with annuities, typically four primary types SPIAS, DIAS, QLACs, and Income Riders. We can structure it so that you have the ability to pivot and change that income start date." —  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!
Belt & Suspenders Annuity Strategies: Shootin' It Straight With Stan
Feb 14 2024
Belt & Suspenders Annuity Strategies: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed:  State guaranty funds  The true safety of the industry  Life insurance companies are more regulated  Assigning unused money to beneficiaries   Key Takeaways:  If you look at the state guaranty fund, each state has a specific rule in place to protect you and your money in case something happens to the carrier.  You should be buying the claims-paying ability of the life insurance company from the standpoint of safety. The true safety of the annuity industry is the industry policing itself.  Life insurance companies are not smarter than banks, they’re just more regulated. The company is handcuffed from making financially stupid decisions.  You can structure an annuity so that 100% of any unused money goes to your family or beneficiaries.    "You can protect yourself and your hard-earned money in a myriad of ways. You can protect it by buying very good companies, by buying underneath the state guarantee fund within your state, and by structuring the policy so that 100% of any unused money goes to your family or beneficiaries." —  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!
Christine Benz: Avoiding Blind Spots in Your Retirement Portfolio Planning (TAM Classic)
Feb 13 2024
Christine Benz: Avoiding Blind Spots in Your Retirement Portfolio Planning (TAM Classic)
In this episode, The Annuity Man and Christine Benz discuss:  Why Christine is so passionate about financial education and retirement portfolio planning.  Why decumulation is not bad (and when it is a good thing).  Retirement blindspots to be aware of.  Staying mindful of additional, variable costs in your spending plan. Bucket approach investing and portfolios.    Key Takeaways:  Your portfolio doesn't know whether your withdrawals are coming from income or from selling appreciated securities, what matters is that you are not taking out too much.  People tend to overestimate our ability and desire to continue working and, often, retire earlier than they originally expected to.  There is power in diversification in your income portfolios.  The products under the annuity umbrella are incredibly varied. The type of annuity that is best for you depends on what your needs are.    "If you're looking for something that will zig when your stocks zag, you probably want to ensure that your portfolio includes that cash and treasury bonds." —  Christine Benz    Connect with Christine Benz: Website: https://www.morningstar.com/  Podcast: https://www.morningstar.com/podcasts/the-long-view   LinkedIn: https://www.linkedin.com/in/christine-benz-b83b523/  Twitter: https://twitter.com/christine_benz  Book: Morningstar’s 30 Minute Money Solutions: https://www.amazon.com/Morningstars-30-Minute-Money-Solutions-Step/dp/0470918136 Book: Morningstar Guide to Mutual Funds https://www.amazon.com/Morningstar-Guide-Mutual-Funds-Strategies/dp/0470137533  Christine’s Article Archive: http://www.morningstar.com/articles/author/30-christine-benz.aspx    Reference:  Open Social Security: http://opensocialsecurity.com/    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!
Exchange Your Income Rider for a SPIA: Shootin' It Straight With Stan
Feb 7 2024
Exchange Your Income Rider for a SPIA: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed:  The Income Rider and the accumulation value  Two numbers you need before you transfer to SPIA Calculating a SPIA quote  When you should transfer to a SPIA   Key Takeaways:  The Income Rider is an attachment to a policy that guarantees a lifetime income stream but it’s a separate calculation from the accumulation value. The accumulation value in simple terms is the real money.  Take the accumulation value of the policy and ask the company to give you two guaranteed contractual numbers: first is the Income Rider number of what the lifetime income stream would be, and second, the annuitization number if you took that accumulation value and converted it to a SPIA.  After requesting those two numbers, you can run a SPIA quote using the calculator found at this link: https://www.stantheannuityman.com/annuity-calculators  You must only transfer from an Income Rider to a SPIA if you will be given a higher contractually guaranteed amount. Do a comparison first before transferring. Stay with your current policy if a transfer wouldn’t provide a higher contractual guarantee.    "Stay where you are and turn on the Income Rider when you need income. But there are going to be situations like what John Lenz ran into where we can beat the Income Rider using the accumulation value in a SPIA, quoting all carriers." —  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!
Swallow the Seminar Food, NOT the Annuity Pitch: Shootin' It Straight With Stan
Jan 31 2024
Swallow the Seminar Food, NOT the Annuity Pitch: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed:  Swallowing the food but not the pitch  Annuities are never one-size-fits-all  Focusing on contractual guarantees    Key Takeaways:  If you ever get invited to an annuity “seminar”, then remember to swallow the food but not the pitch. Don’t be swayed by misleading terms and enticing promises. When it comes to annuities, always focus on the contractual guarantees.  When it comes to annuity companies and products, there is no “best” product and no “best” company that is applicable to everyone and all situations. Annuities are never a one-size-fits-all, you have to get the product that has the most appropriate contractual guarantees for the goal or need you are solving for.  Don’t be fooled by the expensive steak or bad chicken dinner seminars that pitch hypothetical, theoretical, or backtested numbers. If you want to buy an annuity, ask yourself these two questions: “What do you want the money to contractually do” and “when do you want those contractual guarantees to start?”   "If it sounds too good to be true, it is with annuities every single time without exception." —  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!
Chuck Jaffe: Top Money & Life Topics for 2024
Jan 30 2024
Chuck Jaffe: Top Money & Life Topics for 2024
In this episode, The Annuity Man and Chuck Jaffe discuss:  Politics and economy  Looking into how inflation affects you  How Indexed Annuities should be used  The question for cryptocurrency    Key Takeaways:  Politics don’t create the economy. There are a lot more factors that go into it than just who is in power. Economic forecasts sometimes become inaccurate because there is a huge disconnect between how we feel and how we’re doing.  Don’t let the news dictate what you truly feel. Try to honestly assess how inflation is affecting your life because inflation is not that bad for those who have and are much worse for people who have not.  Indexed Annuities are often pitched in misleading ways but they are good products if the consumer is taught their true features and function. They can be used as a great delivery system for income rider guarantees when future income is the goal of the client and it beats the deferred income annuity quote.  The biggest question we must ask about cryptocurrency is this: “What problem does it solve?” The value of cryptocurrency is determined by what the market makes of it. It doesn’t have any value yet except that. Blockchain technology is much more worthy of investment.    "Keep in perspective where money is supposed to be. You didn't make it to save it. You didn't make it to be buried. The richest man in the graveyard is not the happiest man before he got there." —  Chuck Jaffe     Connect with Chuck Jaffe: Website: http://moneylifeshow.com/ Podcast: https://moneylifeshow.libsyn.com/  Twitter: https://twitter.com/ChuckJaffe    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!
Increase Your Annuity Income Floor as You Age: Shootin' It Straight With Stan
Jan 24 2024
Increase Your Annuity Income Floor as You Age: Shootin' It Straight With Stan
In this episode, The Annuity Man discussed:  Creating a solid income floor for retirement  Considering your income  Many ways to create income    Key Takeaways:  Going into chapter two of your life, you have to do your own thing. Stop keeping score. You’ve already won the game, you already have enough money, so why are you still playing?  It’s important to have non-correlated income sources for your retirement such as pensions, rental properties, and annuities in order for you to create a solid income floor that’s not affected by market fluctuations.  Factor in how much income you need in your retirement, what you want to do with your money, how you want the money to work, what kind of risks you want to shoulder, and what risks you want to transfer.  Interest rates are at a point at the time of this taping where people can protect the principal and take interest off of the top. This way, you’ll create your income floor without putting your capital at risk.    "If there's a gap in your floor, what are you going to do? You're not just going to leave the gap, right? If you have a gap in your income floor, you're going to fill it. You're going to fill it with as little amount of putty or fake wood as you can. With annuities, you do the same thing." —  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!
Stan The Annuity Man: The Annuity Man Predictions for 2024
Jan 16 2024
Stan The Annuity Man: The Annuity Man Predictions for 2024
In this episode, The Annuity Man discussed:  Planning with simplicity  Annuity products overview  Consumer-focused future of annuities Tuning out the noise    Key Takeaways:  Lifetime income is priced primarily on your life expectancy and interest rates play a secondary role in pricing. Shop all carriers for the highest contractual guarantee, don’t gamble your retirement on hypothetical and theoretical numbers. Seek simplicity in planning.  Indexed annuities are going to keep getting pitched, and often through misleading and hyperbolic statements, by sales agents because of the high commission. Indexed annuities aren’t bad products, they are great delivery systems for lifetime income through the attachment of an income rider.  Companies must realize the importance of putting consumers first and giving them the power to make the choices that they want to make through education and other helpful resources. Annuities should be bought and not sold, agents have the responsibility to make sure the client understands their contract fully. Tune out the noise of the media and look into your life instead. Think about things that matter to you, things that make you happy, and focus on making more time for that. Eliminate the things in your life that are not adding to your joy.    "If you're in chapter two of your life in retirement, I want you to maximize the day. I want you to start structuring your day for fun and for relaxation and for reflection." —  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!