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Three Ways A Long-Term Care Annuity Works

Three Ways A Long-Term Care Annuity Works

Traditional Long-Term Care (i.e., standalone long-term care) is still, in my opinion, the best coverage you can get. The problem is that not many health insurance companies are offering that product coverage anymore. Every year it seems like there are fewer and fewer carriers in the traditional LTC game, and still, the premium costs continue to rise.
Fixed Annuity Example –Viewer Question on Dave Ramsey

Fixed Annuity Example –Viewer Question on Dave Ramsey

Today's topic is on a fixed annuity example, but first, let's talk about Dave Ramsey for a second. He does a lot of videos. He did one on annuities that he got some right, and he didn’t get a lot of others.I commented on what he was saying.
Your Guaranteed Income Annuity Calculator

Your Guaranteed Income Annuity Calculator

If you're one of the 10,000 baby boomers that's hitting age 65 every single day; if you're in chapter two of your life or heading toward that where it's all about you and about lifestyle and income, then you need calculators that can run specific quotes for your specific situation to provide the highest contractual guarantees on the planet.
Annuitization Meaning: What is Annuitization

Annuitization Meaning: What is Annuitization

So glad you joined me to talk about annuitization across the nation.
How Much Tax Do You Pay On An Annuity

How Much Tax Do You Pay On An Annuity

So how much tax do you pay on an annuity? The types of accounts you can have annuities in are a big determinant of how the taxation is calculated to last in, first out. All this stuff that you're going to need to know, I'm going to go over it today. Remember, when it comes to taxes, always talk to your CPA and tax lawyer.
Fixed Index Annuities - Pros and Cons

Fixed Index Annuities - Pros and Cons

Anytime the market's gyrating a little bit, and now that COVID is lifted a little bit, you're starting to get those invitations in the mail to go to the local, very nice, high-end restaurant to have the steak dinner and then hear a sales pitch on the scariness of the markets.
How To Avoid Annuity Fees

How To Avoid Annuity Fees

Today's topic is annuity fees. What to look for, how to avoid them. Do you want to avoid them? So, are there any fees associated with initiating an annuity? Annuity, as you know, can mean many different types. You can’t say "I hate all annuities" Really? Do you hate your social security, player?
Secondary Market Annuities - The Current Environment

Secondary Market Annuities - The Current Environment

Today's topic's a good one, and I've been looking forward to talking about this. I get a lot of emails and calls and all this stuff about secondary market annuities, SMAs as they're called in the business.
What You Should Know About Mortality Credits

What You Should Know About Mortality Credits

Glad you’re joining me about how to buy an annuity, looking at mortality credits, and why that is so, so, so important. So, the big question is, what's a mortality credit? It's the pooling of everyone in your age group, pooling you together and your life expectancy, and taking advantage of the pooling of that risk with all of you.
Fixed Index Annuities- Explained

Fixed Index Annuities- Explained

How does a Fixed Indexed Annuity work? The panacea product, the too good to be true, the greatest product since sliced bread. Let's talk about Fixed Index Annuities. The history of a Fixed Index Annuity used to be called equity index annuities, but not anymore, is in 1995 when they were designed and introduced to compete with CD, typical, normal, normal CD returns, not the time of this taping.
Lump Sum vs. Annuity Pension – Which one is better for you

Lump Sum vs. Annuity Pension – Which one is better for you

Lump sum versus annuity pension, which one's better? I got a call the other day, and the guy is retiring from a very large company, saying, "Hey Stan The Annuity Man®, they're offering me this lump sum. They, the company. They're also offering me this pension payment, which is an annuity.
Annuity Fees: What to Look for and How to Avoid

Annuity Fees: What to Look for and How to Avoid

Today's topic is annuity fees.
MYGA Rates: Navigating Garbage Sales Pitches

MYGA Rates: Navigating Garbage Sales Pitches

So what is a MYGA? It's a Multi-Year Guarantee Annuity, M-Y-G-A. It's the annuity industry's version of a CD. So how do CDs work? You lock in the money for a specific duration, and during that duration, on an annual basis, you get a specific percentage. The same thing applies to MYGAs.
The Perfect Annuity Formula

The Perfect Annuity Formula

What's the annuity formula? What's the present value? What's the future value? How do we do the formula to calculate the present value? You're making it too complicated, Chester. I’ll strip it down and tell you the annuity formulas that make sense and the only ones you need to.
Transferring Annuities To An IRA

Transferring Annuities To An IRA

Let’s talk about IRAs. Some people say never to put an annuity inside an IRA. I have one comment for all those people with that advice; you’re dumb as a box of hair. That's crazy talk. Why is it crazy talk? Because there's an annuity that the IRS and the Treasury Department put on the planet for use inside an IRA. So let's stop with the nonsense.