Get Smarter

Today's topic is Don't Be an Annuity Hypocrite. I keep pounding the table all the time about this. I'm growing weary of the stupid people out there that are saying, "I hate all annuities, annuities are all bad, annuities are all expensive, or never look at an annuity." Those types of things.

So, you're doing annuity research? That's pretty cool. I mean, you must be leaning in to see, "Hey, does this make sense for me?" The question is, "What are annuities commonly used for?" People try to use them for many things, but they buy most annuity types primarily for their unique benefit proposition.

Today's topic is a beauty. I can't wait to do this one. Who Should NOT Buy an Annuity? Think about that. Stan The Annuity Man, America's annuity agent. I sell more annuities than anyone on the planet, and I'm going to tell you who shouldn't buy an annuity. And you're going, "What? An agent not trying to make a commission?"

We're going to cover a lot today. We'll cover what a Single Premium Immediate Annuity is, what it solves for, the brief history of Immediate Annuities, and the limitations and benefits because we have to cover them. After all, all annuities have them. Then we're going to talk about where it fits and how do you quote it. Once again, hang in there because I'll give away the book for free at the end of the blog.

Single life versus joint and survivor life annuity. That's what you're looking for, right? That's what I'm going to tell you about. Stan The Annuity Man, America's annuity agent, licensed in all 50 states. And I know my stuff, and I also know about this topic.

Hi, Stan The Annuity Man, America's annuity agent, licensed in all 50 states. Today's question is a good one. "Hey, Stan, what's this exclusion ratio thing I've heard about? What's an exclusion ratio? Why are they excluding it? I don't want anything excluded. I want it all, Stan. I want it all with my annuity type." We're going to talk annuity types, about the exclusion ratio, how to look at that, and how to navigate my website.

The question you're asking today, which is a good one, is can you change the beneficiaries of an annuity? I'm going to cover all types, but the short answer, which is what you want, is yes, you can. You can change the beneficiaries on the annuity. If your kid pisses you off, sorry for my French, you can take them off that annuity as a beneficiary.

Today's topic is, Do You Need to Be Sold or Told? One of the funny things about the annuity industry is that you'll hear people who think they're smart and the verbal jump ropers. A verbal jump roper is a person that any topic you bring up to them, they're the expert on. They just get in the jumper. They just start jumping in.

So what are we talking about today? Stan The Annuity Man, America's annuity agent licensed in all 50 states, including yours. We're talking about 401ks and annuities. Which one's better? Does your 401K offer an annuity? Should your 401K offer an annuity? If your 401k doesn't offer an annuity, what do you do? You know what? I'm going to cover all of those topics, all of those questions in detail.

Today's topic is from a friend of mine, Michael Finke, smart guy in the room, the Mount Rushmore of smart guys. His face is on Mount Rushmore, Mount Annuitymore, Michael Finke. He's been on the podcast with me before, Fun With Annuities podcast. He is an intellect. He is a person that when he speaks in the annuity industry, as the old Paine Webber ad said, people listen.

Hey, Stan The Annuity Man here, America's annuity agent. The question that you are asking that everyone is asking Stan The Annuity Man is, what is a lifetime income stream? Loaded question depending on who you ask, but a lifetime income stream revolves around the annuity category. We will go deeper into that, how it might work for you, how it might not, and other lifetime income streams you're getting and how to compare them to annuities.

Today's topic is lifestyle income guarantee, not lifetime, lifestyle. Now, annuities as a category is the only category that provides income as long as you are breathing. There's no ROI until you die. Some say, "Well, I don't know about annuities, and I don't know about the return on that thing."

I saw something the other day where the amount of people whose 401ks and IRAs have gone past a million dollars is a lot, and it is a boatload, as they say.

Today we'll be talking about how annuities transfer risk. Annuities are insurance policies, and insurance companies exist to make a profit. That is absolutely correct.

Today we'll talk about annuity examples and look at annuity laddering strategies. "Ladder? What are you talking about?" Yeah, annuity laddering strategies.