Podcast

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.

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.

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.

They found that the happiest people in retirement were those people who were surrounded by their families and friends, and had guaranteed paychecks every single month.

When you have a product that is meant to help people that are eventually going to cognitively decline, there's a higher burden of care there because you got to make sure that they understand what they're buying and they continue to understand what they're buying.

In this episode, The Annuity Man and John Lenz discuss laddering MYGAS, reasons for buying a QLAC, suitability regulations and more.

A standalone, traditional long-term care insurance works just like health, auto, or homeowner insurance. You own a policy, and if you need long-term care, the company will pay the benefits, and you will stop paying premiums.

This is a simple, simple industry with simple, simple solutions. The people that are making it complex are the agents and advisors selling the products in a complex way, instead of stripping it down to the basics.

Bill Black is the President of W.H. Black and Company and has been in the pension administration business for over 40 years. He is also responsible for the marketing efforts of PensionSpecialist.net – a full-service pension administration company that helps advisors nationally with the sale and administration of qualified pension plans.

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.

The biggest psychological hurdle to buying an annuity is the fear of missing out. You need to overcome the fear of missing out on market returns and replace it with the fear of missing out on your chapter two, where you should live the life you have earned.

Annuities are a bunch of products that have as much that are unalike as they are alike. Each one is a tool for particular kinds of people in particular kinds of life for different kinds of risk management.

"My grandfather always told me, ‘If you tell the truth, you don't have to remember anything.’ That is our business model." — Stan The Annuity Man.

The difference between “Fee-Only” and “Fee-Based” financial planning is like night and day or apples and oranges. With your non-annuity assets, you need to ensure you are using “Fee-Only” because that advisor’s interests align with yours. That’s the pure definition of what a fiduciary should be.

Larry Kotlikoff is one of the most fascinating guests I’ve ever had on my Fun With Annuities podcast. Because I’m a perpetual marketer and brander, I was astonished by the value of the software products that Larry has developed and offers to both consumers and financial advisors.