How Annuities Can Help Achieve Your Retirement Goals

Hi there. Stan The Annuity Man, America's annuity agent licensed in all 50 states. Today's topic is a good one. That's the reason you clicked it, right? How annuities can help you achieve your retirement goals. Easy for me to say. Now, for all you haters who clicked it and said, "That's not happening with me, man. That's not going to happen." It's already happening, player. You own Social Security. Own it, you have it. Every one of us has it in the United States. By the way, just to let you know, that's the best inflation annuity on the planet. So, all you people that go, "I'll never own an annuity," If you want to say that, that's fine. That means you're a hypocrite. But if you don't want to be a hypocrite, then call Social Security and tell them to stop those lifetime income payments from the best inflation annuity on the planet because you already own one.

So, the question is, how can annuities help you achieve your retirement goals? Well, they already are because you already have one. The question is, do you need others? And with those others, what can they do contractually to help you with retirement?

The P.I.L.L

Let's break down retirement goals and how annuities can help you achieve those. Now, I'm the first to say that you might not need additional annuities in addition to the Social Security annuity you already own because annuities solve contractually for four things. I've come up with an easy-to-understand and remember the acronym, which is a PILL. P stands for principal protection. I stands for income for life. L stands for legacy, leaving money to your heirs. And the other L stands for long-term care, confinement care.

Let's do them again. Principal protection, income for life. Legacy Long-term care, confinement care. PILL. If you do not need to contractually solve for one or more of those items in the PILL, I'm saying this slowly: you do not need an annuity of any type. And there are many different types. You can't just say, "I don't have an annuity." You can't say that. First of all, you already own one, Social Security, but second of all, annuities solve for principal protection, income for life, legacy, and long-term care. The question is to you, do you need those contractual guarantees in place for that? Do you need to protect the principal and never lose any money? That would be a Multi-Year Guarantee Annuity or Fixed-Index Annuity, which are deferred products where the principal is protected.

You don't pay any fees. Why not do that? If you don't want to lose money and put it in the markets, and maybe it goes down, it won't. Now, caveat to the Fixed-Index Annuity. It's a CD product. It's not a market product. Regardless of what anyone tells you, you'll get CD- type returns, period. But if you want fixed rates guaranteed, I advise looking at MYGAs, Multi-Year Guarantee Annuities. That's the annuity industry version of a CD. That's the P of principal protection. The I is for income for life. What is that?

Brief History

Annuities were put on the planet in Roman times for the dutiful Roman soldiers and their families for lifetime income. Annua, A-N-N-U-A is Latin for life for payment, annual payment. That's where annuities came from. Because the soldiers were laying it on the line for the Roman Empire, they gave them and their families a lifetime income payment. To this day, Single Premium Immediate Annuities provide for lifetime income.

Annuity Types

Four types of annuities provide for lifetime income. And the way that you determine which one you need is just when you want the income to start. Single Premium Immediate Annuities, Deferred Income Annuities, Qualified Longevity Annuity Contracts, and then Income Riders attached to a Deferred Annuity. Another little asterisk caveat to income would be if you want to peel off the interest from a Multi-Year Guarantee Annuity for income and never touch the principal, that's not lifetime income, but that's income.

Legacy

So, we talked about principal protection and income for life. Let's talk about legacy. First of all, life insurance companies issue annuities. The best legacy product on the planet, and I don't sell it, is life insurance.

Period, end of story. By level term, don't buy the fancy stuff. Don't buy the dream and the hope. By level term, by the most amount of death benefit as humanly possible for the least amount of money, it's the best return on investment you'll never see because you're dead. But it's a great transfer of risk legacy to your heirs because proceeds from life insurance go tax-free probate-free lump sum to your beneficiary. So, if you want, the beneficiary will come to your funeral in a Lamborghini and helicopter because they're getting the lump sum tax-free and probate-free. Still, if you can't qualify for life insurance or medically qualify, you can buy annuities with death benefit riders that grow by a specific percentage for death benefits. Or you could purchase long-term Multi-Year Guarantee Annuities that have a specific percentage attached to them, and you can continue to roll them and leave those for your heirs.

The last L is long-term care. Long-term care is a health insurance product. If you really want long-term care, we're going to refer you to the top long-term care expert in the country for them to look into long-term care. There are some guaranteed issue products. If you are smoking a carton of cigarettes a day and drinking a bottle of Jack Daniels, first of all, if you're doing that, hats off to you. I love you're a goal-setter. But second of all, you're not going to get underwritten for life insurance. There are products in my world that, if we exhaust all of the true long-term care products out there, then I have something for you.

What It Will Do, Not Might Do

So principal protection, income for life, legacy and long-term care. That's what annuities solve for. There's no G for growth. There's no M for market. Do not buy annuities of any type for hypothetical, theoretical, projection, hopeful agent return scenarios, or what I call unicorns chasing the butterflies, and they never catch them. Don't buy potential. Buy contractual guarantees. Own an annuity for what it will do, not what it might do. And when you're considering whether annuities can help me in addition to the annuity I already own with Social Security. Or if you have a pension from your company or employer or work for the government of Good Labor Union, you might have a pension. That's an annuity. Do I need additional annuities? Think of the PILL. Think of the PILL to see if you need to solve contractually for things that enhance your retirement.

That's how simple annuities are. I make it simple. I'm the annuity whisperer. I'm America's Annuity agent, licensed in all 50 states. I encourage you to go to The Annuity Man. You can run quotes using our proprietary calculators. You can read my books, and I've written seven for free. I know I don't have a life. Done thousands of videos written hundreds and hundreds, approaching a thousand, articles that have been published. I mean, we're busy, man. We're busy creating content and trying to educate everyone out here. So, go to The Annuity Man and peruse around. If you want to book a call with us, you can do so. We use our ears and mouth in proportion, two to one. We're going to listen to you, and we will tell you if you do not need an annuity. We have no problem doing that, but if you do, we will show you the ones that will give you the highest contractual guarantee. My name is Stan The Annuity Man. Thanks for joining me today. This is another Stan The Annuity Man blog post. See you next time.

Never forget to live in reality, not the dream, with annuities and contractual guarantees! You can use our calculators, get all six of my books for free, and most importantly book a call with me so we can discuss what works best for your specific situation.