They say the devil is in the details. Sometimes, that devil shows up as a slick annuity agent at a bad chicken dinner, pitching bonuses that sound too good to be true. Watch my video 25% Annuity Bonus… Is It Real? to learn how the annuity bonus works in your policy. A bonus can be beneficial if it works with the rollup and payout rates to give you the highest guaranteed payout. But the bonus isn’t the bottom line – the contractually guaranteed payout is what really matters.

‌Using income annuities is a solid financial strategy if you need income in retirement. If you aren’t sure whether you need one or not, add up your guaranteed income sources, whether that’s Social Security, a pension, or both, and then we can reverse engineer a quote to make sure you have the income that you need. In my Q&A on Friday, I discuss whether you should consider buying an annuity if you have a pension.

‌Of course, the current economic landscape is a consideration when approaching retirement, and I discuss its significance in the video Understanding a Changing Retirement Landscape. Knowing when to take your cards off the table and lock in guaranteed joint lifetime income for you and your spouse is an important decision. Understanding the details may be the difference between feeling like you’ve been handed a deal from the devil or peace of mind in retirement. I’ve created calculators for you to explore so, you can see what your contractual guarantees would be.

‌Whether you choose to buy an annuity with funds from a Roth IRA, a 403b, a 401k, or from non-qualified funds in your checking account, this video will explain how to buy an annuity. If you still have questions about the process or if you are wondering whether you need an annuity, book a call with my team – they will tell you the truth.

‌Contractually Yours,

Stan