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.
September 28, 2022
Stop Living Your Life by the Tax Code: Shootin' It Straight with Stan®
Today's topic is a weird one, a good one, a timely one, a needed one, and it is called Stop Living Your Life by the Tax Code. Now, disclaimer, I'm not a CPA. I'm not a tax lawyer. I do not give tax advice, and no advisor or agent should give you any tax advice unless they are a CPA or a tax lawyer or in some cases, CFPs have that certification, as well
September 26, 2022
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?
September 21, 2022
Do You Have Lifetime Income Insurance?: Shootin' It Straight with Stan®
Today's topic is, do you have lifetime income insurance? I know what you're saying. "Stan, that's sappy. We know where you're headed with this. You're going to talk about." No, I'm going to start out by asking you some questions. Do you have car insurance? Do you have home insurance?
September 19, 2022
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.
September 15, 2022
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.
September 14, 2022
Crossing the Retirement Finish Line: Shootin' It Straight with Stan®
Today's topic is “Can you actually cross the retirement finish line?” I'm running into this a lot right now. I had a call the other day and these people had enough money that they never had to worry about another thing. All they had to do was just peel off interest, and never touch the principal. It was done.
September 13, 2022
Mr. FIA-X: Don't Fall For These Indexed Annuity Sales Tactics
Mr. FIA-X is arguably the most popular and most requested Fun With Annuities podcast guest in our roster of financial superstars. He wears a mask because the truth and facts he provides on the Fixed Index Annuity (FIA) category can be very controversial.
September 8, 2022
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.
September 7, 2022
Making Yield Great Again: Shootin' It Straight with Stan®
We are all familiar with the red hat MAGA, Make America Great Again. We know all the baggage that comes with that. Some people are in it. Some people hate it. I don't care, I'm not political. I'm Stan, the Annuity Man®. But instead of MAGA, Making America Great Again. I have a new red hat. It's MYGA, Making Yield Great Again.
September 1, 2022
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.