Stan The Annuity Man: Happy Birthday To QLACs
With QLACs, SPIAs, and DIAs, there's no annual fees. There's no market attachment; it’s a straight transfer risk. You're saying to the issuing QLAC company, here's the money, and you are on the hook to pay me, or me and my wife, or me and my husband forever as long as one of us is breathing, but you don't get to keep a penny.
October 26, 2022
Should You Marry or Date Your Annuity?: Shootin' It Straight with Stan®
Today's topic is, should you date or should you marry your annuity? Now the reason that I categorize it like that is people ask me all the time how I analyze the financial wherewithal of these companies. The claims-paying ability of these carriers.
October 24, 2022
Laddering Strategies Using Our SPIA Calculator
Today I’m discussing how to use my SPIA Calculator and some laddering strategies that could work for your specific situation. I'm proud of a lot of things with theannuityman.com. I'm proud that we're a pro-consumer site; I’m proud that we're direct-to-consumer.
October 20, 2022
Are Multiple Annuities A Good Idea For Retirement Income?
Today we're discussing retirement income and whether multiple annuities are a good idea. I recently received the question: "I have 60% of my portfolio in an annuity. My wife (still working for four more years) has two-thirds of a portfolio my size. Would a second annuity with hers down the road be a good idea? Just a percentage of it."
October 19, 2022
Market Addiction Kills Retirement Dreams: Shootin' It Straight with Stan®
Today's topic is, addiction to the market can kill retirement dreams. Your addiction to following the stock market and investing in the stock market and taking risks with your money can literally kill retirement dreams, especially in these volatile markets. I had a call the other day which prompted this topic.
October 17, 2022
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.
October 13, 2022
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.
October 12, 2022
Annuitization Can Be Your Last Resort: Shootin’ It Straight With Stan®
Today's topic is, annuitization can now be your last resort when it comes to income. Let me explain that to you. Most people think incorrectly and even some advisors and financial journalists think there’s only one type of annuity; lifetime income, Immediate Annuity, and if you die, the annuity company keeps the money. That is ridiculous.
October 9, 2022
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.
October 3, 2022
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.
September 29, 2022
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.