I always enjoy working with Elliot Raphaelson on his articles to make sure his readers are getting the brutal facts about annuities. Elliot has a nationally syndicated column “The Savings Game” that focuses on personal finance and has cultivated a massive following over many decades.
Honored to be sourced in today’s article, “The Savings Game: What do you need to retire comfortably?” In true Elliot fashion, it’s a concise and informational gem. He knows that annuities do have a place in some portfolios, and he likes the simple contractually guaranteed annuity strategies that I use for his clients.
My mention in the article:
I agree, which is why I recommend reliable sources such as Stan Haithcock (www.stantheannuityman.com), who is very knowledgeable and only recommends cost-effective products. If you wanted to know the monthly amount you could receive from a SPIA, you can use his calculator at https://stantheannuityman.com/spia-calculator. For an estimate, you can enter some personal information, that of your spouse (for a joint annuity), and whether the funds originate from an after-tax source, or an IRA or 401(k). Specify the amount of your investment, your birth dates, your resident state, and you will receive multiple estimates from high-rated insurance companies.
It’s a pleasure to be in good company and sourced by a real pro. Be sure to follow the link above to read the full article.