032: Annuity Financial Advice for Seniors & Baby Boomers

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welcome to

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fun with annuities with your host me

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stan

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the annuity man america's annuity agent

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can annuities be fun

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can contractual guarantees be fun

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absolutely they can find out the brutal

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facts about annuities

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with no sales pitches or high pressure

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nonsense

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just the brutal and factual annuity

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truth which is all you need to hear

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let's have some fun with annuities and

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let's have that fun

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start right now

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[Music]

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welcome everybody to fun with annuities

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the number one annuity podcast

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on the planet here in the will do not

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might do studios we'll do is the

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contractual guarantees and you're on the

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annuity fund cam

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for everyone listening to me out there

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on in podcast world

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spotify and itunes and all that stuff um

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we do shoot the video of this as well so

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if you want to watch the craziness of me

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and my hand gestures and and getting

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animated with everything

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you can go to the fun with annuities

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youtube channel or you can go to standy

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nudy man youtube channel there's a link

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there as well

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today's topic is a really good one

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it's uh it hits a nerve with me because

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my mom is 82 years old and she

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is uh always getting hit by annuity

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sales people

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obviously they don't know that her son

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is stan the annuity man

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number one agent in the country

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america's annuity agent but today's

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topic is

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annuity financial advice for senior

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citizens and baby boomers and

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and people that are retirees um

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and i want to go through just some of

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the things you need to be aware of if

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you're one of the people out there that

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considers yourself a baby boomer or

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senior citizen

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this is very important for you to listen

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to

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if you are a person out there that's

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listening or watching this

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podcast and you're kind of a caregiver a

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son

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or a family member that wants to make

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sure that

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your mom or your dad your aunt your

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uncle whoever

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doesn't make a mistake or someone's you

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know you don't want them ever being

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taken advantage of by

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a salesperson it happens a lot there's a

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lot of

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senior financial fraud that's going out

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on out there so we'll cover that

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a couple things about me i'm america's

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annuity agent licensed in all 50 states

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my name is standy nudy man

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at my site the annuityman.com you can

2:22
run your own quotes no one

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bother you can run your own quotes get

2:25
the best quotes from all carries i

2:26
represent every single carrier people

2:28
ask me all the time

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hey stan what's the best annuity and i

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said the one that provides you the

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highest contractual guarantee

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for your situation i do videos all the

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time hundreds and hundreds of them

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i have a standing udemy man youtube

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channel i have a fun with annuities

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podcast that you're listening to and

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some of you are watching we have a

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youtube channel for that as well

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um i've published written and published

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seven books on annuities i'm thinking

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you're saying wait a minute who writes

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seven books on annuities

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a little ocd a little you know i'm into

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it i want to educate i consider myself

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an educator even though i sell annuities

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i'm the top salesman out here because we

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tell the truth and we only recommend

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annuities for their contractual

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guarantees no hypotheticals theoreticals

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projected back tested hopeful

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agent unicorn chasing the butterflies

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scenario none of that the plan has never

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aligned themselves

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which is the reason the tagline for the

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the podcast

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is living the reality not the dream and

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what that really means is

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you're going to own the contractual

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realities of the policy so don't buy the

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dream

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by the contractual realities of the

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policy so

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with that being said i do encourage you

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to uh to go to the site run quotes

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get my books i will ship the books to

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you for free under no obligation just

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fill in your shipping address

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will ship them their hard copy old

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school i don't do the east the ebooks

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you can get them on amazon

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if you want to but let me ship you the

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hard copies for free

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and also too i would encourage you to

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schedule a call you can go to my site

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at the top of the the homepage you'll

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see schedule call

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you're going to get me you know you're

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going to get me 99

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of the time unless i'm you know

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predisposed

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or sick or something like that but most

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of the time you're going to get me we're

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going to have a one-on-one conversation

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it's not going to be salesy

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i don't do that you know i don't have to

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do that i don't want to do that i hate

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when people sell like that

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i hate when everyone looks like a nail

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and the salesperson is a hammer you know

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you've been to that where the they're

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always closing no

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i'm going to listen to you i'm going to

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i'm going to make a

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decision if an annuity is appropriate

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and suitable if it is i'm going to tell

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you the right

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one for us to look at and start quoting

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and i'm also going to tell you

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when you do not need an annuity which

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leads us kind of into this topic today

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which is

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annuity financial advice for seniors and

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baby boomers um

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it's very important because um you know

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the bottom line with with senior

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citizens baby boomers whatever

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you know it's a demographic tidal wave

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that's going on right now in the country

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and what i mean by that is there every

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single day

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every single day seven days a week 365

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days a year

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over 10 000 americans reached the age of

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65

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which in my opinion is like chapter two

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of a lot of people's lives they're going

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to go from

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either work to retirement or they're

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just gonna go to chapter two where

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they're

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it's more about lifestyle and they're

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trying to enjoy the years

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you know because um you know we don't

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have but one shot at this life right

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and as i tell everybody there's no

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u-hauls behind hearses

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think about that for a second there's no

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u-hauls behind hearses

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so you need to live for the day my mom

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lives in saint augustine florida you

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know she is known as the mom of stan the

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annuity man which is a tough

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lift every day great lady been a

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wonderful mom to me

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but every single week you know except up

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until this cove at time at the time of

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this table we're talking about we're in

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the midst of the covet

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situation but she would get these bad

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chicken dinner seminar

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invitations for her to go and listen to

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the pitch

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the one size fits all typically an

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indexed annuity you need to buy it now

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and the high pressure and all this stuff

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now my mom

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is a pro what i call a professional

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plate licker

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and trust me she knows i call her that

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and she's okay with that but what that

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really means is

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she would go to eat the food in fact she

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was such a pro that she would call

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the people up like she'd get the

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invitation she'd come and she'd go

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what's for dessert and if it wasn't

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really good because she's from the south

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and she loves desserts she wouldn't go

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but she's been to hundreds of these bad

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chicken dinner seminars and i really

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want to thank all of the annuity agents

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that's

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that's you know fed her and she never

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buys a thing because at the end she goes

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oh my my son is standing nudey man you

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might have heard of him and they

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they're all like because i'm the last

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person they want looking at their

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recommendation because i'm the brutal

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walking middle finger of annuity truth

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is what i am

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so um what i and i tell my mom this

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whole time she'll say well it sounded

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really good stan because

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he said it was market upside no downside

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and they gave me free money and a bonus

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and i get free long-term care i'm like

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oh okay mom just

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okay but i get those calls all the time

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and maybe that's probably you

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you've probably been to those bad

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chicken dinner seminars you're like

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nudging your spouse going

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that sounds pretty good it's not there's

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no philanthropist at annuity companies

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you buy them for the contractual

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guarantee so let's

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let's kind of go through um you know

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that

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how to determine if you even need an

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annuity i think that's the most

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important thing

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for seniors and baby boomers out there

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because everybody's trying to hit you up

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with an annuity everybody's got the best

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annuity on the planet

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remember annuities were put on the

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planet in the roman times to create a

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lifetime income stream for the dutiful

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roman soldiers and their families

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that's what annuities primarily do and

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that's the benefit

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proposition that annuities provide

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that no other product can wait a minute

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nose itch for all the people listening

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i'm itching my nose for people watching

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i'm not picking i'm itching so calm down

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okay

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this is this is live podcast stuff right

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but you know people are pitching too

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good to be true stuff here are the two

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questions that you ask and answer

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to determine if you need an annuity

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number one what do you want the money to

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contractually do number two

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when do you want those contractual

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guarantees to start

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from those two answers i can tell you a

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if you even need an annuity

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and b if you do need an annuity which

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annuity type there's not just one type

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there's a bunch of types

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out there will provide the highest

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contractual guarantee for your specific

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situation

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notice i keep hammering the word

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contractual it's because they're

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contracts

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a policy is a contract you're going to

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get in the mail if you buy one a policy

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it's a contract

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so buy the contractual guarantees so

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those are the two questions

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the other the other thing i've come up

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with is an acronym called pill

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p stands for principal protection i

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stands for income for life

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l stands for legacy like leaving money

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to your beneficiaries that type of thing

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in the other else sense for long-term

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care and confinement care i'll do them

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again

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principal protection income for life

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legacy long-term care

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if you do not need to contractually

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solve for one or more of those items in

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the pill

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you do not need an annuity

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never then listen to listen this is very

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important for the baby boomers and

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seniors

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never buy an annuity for market growth

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if you still want market growth out

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there don't buy an annuity

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buy an annuity for principal protection

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income for life legacy or long-term care

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there's no g for growth there's no m for

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market and i know that's not what you're

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hearing

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at the bad chicken dinner seminar the

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one positive thing about cove but

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someone asked me other than an interview

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is there anything positive we can take

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away from covid i went yeah there's

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less bad chicken dinner seminars of

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these yahoos up there pitching one

9:30
product

9:30
one size fits all it'd be like you going

9:33
to a

9:34
doctor doctor's office and every single

9:36
patient that they

9:37
see they're they're prescribing the same

9:41
medicine how's that even possible so

9:43
when the bad chicken dinner seminar guys

9:45
up there with the senior citizens out

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there

9:47
and you know what what attracts senior

9:49
citizens than free food my mom

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is a professional free food getter okay

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and you might fall into that same that

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might be a hobby for you as well it's a

9:57
hobby she's a professional

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man she can sniff out free food and a

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heartbeat and you know it always kidder

10:03
i said

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you know the older you get i'm assuming

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your taste buds kind of go away and

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she's like no it doesn't stand i really

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like good food yet

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she likes good food if i'm paying for it

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you know what i'm saying but

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getting back to the point of finding out

10:16
if you need an annuity

10:18
also remember this if it sounds too good

10:20
to be true senior citizens and baby

10:22
boomers

10:22
it is every single time every single

10:25
time

10:26
i mean without exception annuities are

10:28
not some pie in the sky panacea

10:30
too good to be true product where the

10:32
unicorns chase the butterflies no

10:34
their contractual guarantee transfer of

10:36
risk which leads me to the next topic

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if you're considering an annuity then

10:42
that means you're considering

10:43
transferring the risk

10:45
to the annuity company so in essence

10:46
you're transferring the risk for them to

10:48
protect the principal or you're

10:49
transferring the risk

10:50
for them to provide a lifetime income

10:52
stream or you're transferring the risk

10:55
so you can leave a legacy to your

10:56
beneficiaries or you're transferring the

10:58
risk

10:58
to cover for long-term care and

11:00
confinement care now one thing you do

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need to understand is

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a lot of people under the assumption

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especially senior citizens

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and baby boomers for whatever reason

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you've heard a couple things about

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annuities

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and by the way if you say well hello

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news doom you already own one it's

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called

11:14
social security and if you really hate

11:15
it call social security up and cancel

11:17
the payments

11:18
or else you're a hypocrite that's the

11:20
best inflation annuity on the planet and

11:22
everyone

11:22
every one of you out there if you're an

11:24
american citizen with a social security

11:25
number

11:26
you own a good annuity that's social

11:28
security all right

11:30
but just just be very very careful

11:33
with the sales pitches that's coming to

11:35
you and if someone's pitching you

11:36
something say

11:36
hey that sounds very good but can you

11:39
show me the contractual guarantees

11:41
and they'll say no seriously show me the

11:43
contractual guarantees

11:45
and if they don't get up and walk out if

11:47
you want to see a specimen policy or the

11:50
copy of the application ask for that

11:53
every single time

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if they do not give it to you that's not

11:55
your advisor

11:57
it's just that simple here's the

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think of it think of it like this

12:02
there's never ever

12:04
ever an urgency to buy an annuity

12:07
ever the only urgency

12:10
okay is to learn about it and fully

12:13
understand it

12:14
before you buy it period if you can't

12:17
explain it to a nine-year-old as i

12:19
always say no offense to nine-year-olds

12:21
then do not buy it so let's go through

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some of the types of annuities that i

12:25
think are appropriate and suitable for

12:27
senior citizens and they're typically

12:29
the simplistic ones so we'll do them

12:30
quickly

12:31
multi-year guarantee annuities

12:32
fixed-rate annuities are like the

12:33
annuity industry version of a cd

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if you're a senior citizen or baby

12:37
boomer you've probably bought a cd

12:38
you'd like a fixed-rate annuity works

12:40
the same okay

12:42
um it really does a single premium

12:44
immediate annuity that's the granddaddy

12:46
of them all that's the one that

12:47
you think that when you die that evil

12:49
annuity company keeps the money that's

12:50
only one of about 40 ways to structure

12:52
it

12:52
but the bottom line is you can get a

12:53
lifetime income stream and you can

12:55
contractually structure it so when you

12:56
pass

12:57
100 of any unused money goes to the list

13:00
of beneficiaries of the policy

13:02
and no evil annuity company keeps a

13:04
penny under any circumstance so that

13:06
single premium immediate annuity

13:08
deferred income annuity is the sister of

13:09
single premium immediate annuity you

13:11
just defer it longer but it's the same

13:13
thing no moving parts no annual fees

13:15
no market attachments just a pension

13:17
product that's prime the pricing is

13:19
primarily based

13:20
on your life expectancy at the time you

13:21
take the payment and then there's

13:23
qualified longevity annuity contracts

13:24
that you can use inside of your ira

13:26
and those work just like speeds and d as

13:28
their pension products now

13:30
where we kind of get into some fuzzy

13:32
stuff and the sales pitch gets a little

13:34
wonky a little bit is with variable

13:37
annuities and index news i don't sell

13:38
variable annuities because i don't sell

13:40
anything that's not

13:41
fixed and has the potential to go down i

13:43
only sell contractual guarantees

13:44
i'm not putting variable annuities down

13:47
you know i i

13:48
think some no low variable annuities are

13:50
good if you want pure market growth

13:51
tax deferred market growth but for

13:53
senior citizens and baby boomers you're

13:55
kind of transitioning to

13:58
um the transfer risk contractual

14:00
guaranteed nature think of it as

14:02
a four lap four laps in a mile right you

14:04
if you if you envision a track at a

14:06
football field

14:07
um and don't take this the wrong way but

14:10
you're kind of at lap

14:11
three right you're lap three of four if

14:13
you're in the you know in that baby

14:15
boomer stage

14:16
um so that like that last lap of life

14:19
which should be very good lifestyle

14:21
driven

14:21
enjoy yourself you've earned it it's

14:23
really shouldn't be a lot of risk unless

14:25
that's what you do

14:27
i mean i i have people all the time call

14:29
me in their 80s and they're

14:30
all in on the stock market because

14:31
that's what they do and their sharpest

14:33
attack and that's what they do

14:34
and then i have people in their early

14:36
60s coming they say i don't want

14:37
anything to do with the stock market

14:38
i won't guarantee so it really comes

14:41
down

14:41
to what you're trying to achieve again

14:44
the two questions what do you want the

14:45
money to contractually do

14:47
what do you want what do you want to

14:48
contractually do and when do you want

14:50
those contractual guarantees to start

14:51
now there's one more thing and i'm the

14:54
only one that's come up with this and

14:55
the industry hates me for it which means

14:57
it's a good thing

14:58
and agents really hate it which means

15:00
it's an even better thing

15:01
when somebody pit first of all i would

15:04
love to have you

15:04
as a client because i'm going to treat

15:06
you as a professional and not sell spit

15:07
you to death

15:08
but let's just say let's just say that

15:11
some friend

15:12
brother-in-law whatever is trying to

15:14
sell you an annuity

15:15
and it sounds too good to be true here's

15:17
what you do to protect yourself this is

15:19
the only protection that you have

15:21
out there in the hinterlands of the

15:23
annuity sales world

15:24
and i call it the annuity statement of

15:26
understanding that you create

15:27
and here's how it works somebody pitches

15:30
you an annuity

15:31
okay or pitches if you're or if you're a

15:33
caregiver out there someone's pitched

15:35
your your family member an annuity or

15:37
friend an annuity

15:38
have them write down exactly what they

15:41
think the annuity

15:42
is going to do based upon the sales

15:44
pitch in other words they heard the

15:46
sales pitch from the sales person

15:47
write down exactly how you understand it

15:50
how is explained to you by the sales

15:51
person

15:52
how you think it's going to work in

15:53
detail in detail

15:56
sign it at the bottom and date it and

15:58
then flip that page around

16:00
and have that agent sign and date it

16:04
now two things are going to happen if

16:06
they're telling the truth

16:08
then they'll sign in data and it's all

16:10
good and you know great

16:12
if they're not telling the truth they're

16:14
going to do one of two things

16:16
either they're going to retract some

16:17
things on what you wrote down

16:19
and clarify them of which you should be

16:20
like you know light bulb

16:23
you know warning sign or they sign it

16:26
knowing it's not truthful and you have

16:29
them

16:29
you own them at that point in time

16:31
because they've signed off on the sales

16:33
pitch

16:34
so for the seniors and baby boomers out

16:36
there

16:37
i'm just telling you right now that's

16:39
probably your best

16:40
line of defense other than calling stan

16:42
the annuity men other than dealing with

16:44
just stanley annuity man

16:45
period i mean that's not going to happen

16:47
in a perfect well i mean a perfect world

16:48
that happens but

16:50
you know maybe maybe there's this

16:52
extenuated circumstance friend of a

16:54
friend or somebody you really like the

16:56
advisor or even a long-term advisor

16:58
all of a sudden pivots and starts trying

17:00
to sell you an annuity write down what

17:02
they said

17:03
have them sign in dated have them own it

17:06
and buy it for the contractual

17:07
guarantees

17:08
remember remember this annuities are

17:10
commodity products

17:12
in other words nobody has the best

17:15
annuity for you

17:16
nobody the best annuity for you is the

17:19
one that provides the highest

17:20
contractual guarantee so when i say no

17:21
one has the best annuity for you

17:23
is when they come to you and say i've

17:24
got one annuity i think really fits your

17:26
situation

17:27
bullcrap that's complete and utter junk

17:31
it sales nonsense it's either laziness

17:34
or the person's a sociopath trying to

17:36
sell you the annuity

17:37
you should quote all carriers for the

17:39
highest contractual guarantee for your

17:41
specific situation that's the best

17:43
annuity for you

17:44
let me give you another correlation

17:45
think of it like buying a plane ticket

17:48
when you go go buy a plane ticket let's

17:50
say you go to one of those aggregate

17:51
sites like

17:52
orbits or you know those type of places

17:55
yeah you don't go in you know well i

17:57
think it's going to be this carrier

17:58
that's going to be the highest no you

18:00
punch in where you want to go how you

18:01
want to go when you want to go

18:02
and and then the companies bid on it and

18:05
you get a list of the best pricing

18:07
duh that's the same exact way you should

18:09
buy an annuity when you go to the

18:11
annuityman.com and you say you want to

18:13
look at my fixed rate annuities we have

18:15
a live feed of all

18:16
of all the top fixed rate annuities in

18:19
your specific state nationwide but you

18:20
know they're regulated at the state

18:22
level

18:22
when you run an immediate annuity quota

18:24
deferred income annuity quota or

18:26
qualified longevity annuity quote on our

18:27
site

18:28
all carriers highest contractual

18:30
guarantee

18:32
that's the way that you do it and that's

18:34
in

18:35
in the annuity what carriers don't like

18:36
when i say that because they're pushing

18:38
their own product

18:39
but and i represent all carriers they

18:40
know that i'm shooting it straight

18:42
but you shouldn't be swayed by a sales

18:45
pitch

18:45
so let's go through a couple of other

18:47
things before you know i kind of close

18:49
up and

18:49
and and with a couple of other things

18:51
when somebody says to you that they're

18:53
going to give you an up front bonus

18:55
and you probably have heard that at the

18:57
back dick and dinner seminar understand

18:59
there's not a philanthropist at an

19:00
annuity company giving away free money

19:02
an upfront bonus is part of the overall

19:04
contractual guarantee it's not better

19:06
than anything

19:07
it doesn't make the annuity better it's

19:09
not free money

19:10
you know it's it's just part of the

19:12
overall contractual guarantee

19:14
so if that sounds too good to be true it

19:16
is every single time

19:17
give an example when we quote what's

19:19
called income riders future income

19:21
benefits and they typically are attached

19:24
to either indexed annuities and they are

19:25
they can be attached to variable

19:26
annuities and migas as well

19:28
i mean we don't even look at the index

19:30
annuity option strategies because that's

19:32
a cd product anyway

19:34
we quote all carriers for the income

19:35
writer value period

19:37
okay now you have to understand that the

19:40
bonus

19:41
could either be a positive or a negative

19:43
effect we just quote all carries and

19:45
most of the time what we find

19:46
is the companies that offer the bonus on

19:48
the product they don't have the highest

19:50
contractual guarantee it's kind of like

19:52
a bait and switch

19:53
unfortunately i have a really harsh way

19:55
to say it i say bonus is candy for the

19:57
stupid

19:58
if you are that gullible to think that

20:00
someone's giving you away free money and

20:02
you make your decision on free money

20:04
oh my gosh you get what you deserve and

20:07
even bigger than that

20:08
if someone approaches you if you already

20:10
have an annuity and someone approaches

20:12
you and say

20:12
you need to transfer to my annuity even

20:14
though their surrender charges

20:16
because the upfront bonus from my

20:18
annuity will

20:19
cover the the surrender charges

20:22
that's illegal that literally is illegal

20:25
and the

20:25
and the selling agent that's that's

20:28
recommending that

20:29
could literally lose their license if

20:31
someone found out about it

20:33
so never ever be swayed by that the

20:35
other thing you're going to hear out

20:36
that is

20:36
is you can buy i get a call every time

20:38
you know the guy that calls me i call

20:40
him ernie all the time that's my pet

20:41
name

20:42
he'll go i just bought an 8 annuity or i

20:44
just bought a 7

20:45
annuity no you didn't you bought a seven

20:48
percent or eight percent income rider

20:50
that grows by that amount up until the

20:52
time you turn on the income stream

20:53
okay once you turn on the income stream

20:56
then that goes away but you can't peel

20:58
off the interest you can't cash it in

20:59
you can't transfer it

21:01
jimmy carter's not in office remember

21:02
the jimmy carter all you senior citizens

21:04
out there remember the jimmy carter

21:06
years with the 12

21:07
cds 18 cds whatever remember that i mean

21:10
mortgage rates are high too

21:11
but people always say well i was jimmy

21:12
garter roads were back

21:14
you know those rates came with some

21:16
problems you know jimmy carter went

21:18
perfect

21:18
um we didn't like him because he was

21:20
from the south and by the way my father

21:22
looked just like jimmy carter which

21:24
i'm not sure was good for him but he did

21:26
it is what it is

21:27
so you know you have to when you hear

21:29
these pitches when when a number sounds

21:30
too good to be true or up front bonus

21:32
number sounds too good to be sure

21:33
or this yield sounds to be true too good

21:36
to be true because it is because it's

21:37
not yield because it's

21:38
an income rider just kind of put your

21:40
thinking cap on

21:42
and don't be don't be taken by the sales

21:45
pitch

21:45
you know as i say this this podcast is

21:48
living the reality not the dream

21:49
you're going to own the contractual

21:51
realities so don't buy the dream you own

21:53
an annuity for what it will do

21:55
not what it might do and you have to

21:57
remember that

21:58
now for senior citizens out there i mean

22:00
there's a lot of um

22:01
resources that you can go to you know

22:03
the every state has a department of

22:05
financial services

22:06
you know that has um you know

22:08
information for senior citizens on

22:10
annuities

22:11
and things like that um at the cr the

22:13
taping of this at this

22:14
podcast i'm in florida florida has a

22:16
great um

22:18
some great information for senior

22:19
citizen boomers to look at annuities

22:21
and understand what's being pitched out

22:22
there you know i would encourage you to

22:24
watch my videos on youtube with standing

22:27
nudey men

22:28
youtube channel listen to these podcasts

22:30
get my books

22:32
get quotes have a conversation with me

22:34
one on one you can schedule that call

22:36
and let's have a let's have a um a

22:38
one-on-one conversation that's not

22:40
salesy and not sales pitchy and if you

22:43
have an annuity that someone sold you

22:46
that you want me to take a look at you

22:47
don't feel comfortable with i will tell

22:49
you what you have

22:50
i will tell you how to maximize that

22:51
contract i will tell you if there's any

22:53
wiggle room to get out of it and if it

22:54
makes sense to get out of it most time

22:56
it doesn't

22:57
but you need to i say dutton

23:00
that's southern for doesn't by the way

23:03
sorry about that i kind of regressed

23:04
into my deep south roots

23:06
said dutton but doesn't so you know you

23:08
can send me that stuff and i will

23:10
i'll look at it i'll make an evaluation

23:12
and i will help you

23:13
and if you're like a caregiver out there

23:15
that's watching this you know reach out

23:17
to us we can help

23:18
um we're not always you know in sales

23:21
mode i mean we're not

23:22
yes i do sell annuities i sell more than

23:24
anybody i'm america's annuity agent i

23:25
sell 50 states all that stuff

23:27
but at the end of the day i'm out here

23:29
to help people

23:30
understand annuities understand if

23:32
they're if they are suitable and

23:33
appropriate for their situation

23:35
and also help people that have bought an

23:38
annuity

23:38
um and it just doesn't make sense i'll

23:40
give you a good story

23:42
today i had a call that the person

23:44
bought a variable annuity

23:45
um and found out the annual fees were up

23:48
to four percent were

23:49
around four percent of which they had

23:51
four hundred thousand dollars in it

23:52
which means they were paying

23:54
sixteen thousand dollars a year in fees

23:56
which it comes back to

23:57
why did the annuity companies have the

23:58
big buildings and why do they sponsor

24:00
sports stadiums

24:01
then that's the reason right um you know

24:04
some of these annuities do have high

24:05
feasts but understand as senior citizens

24:07
not all so when people say

24:09
all annuities are expensive that's not

24:10
true migas

24:12
and immediate annuities qualified

24:13
longevity annuity contracts deferred

24:15
income annuities

24:16
and even index annuities if you don't

24:18
put it writer on it they have no annual

24:19
fees

24:20
so it just kind of depends on what

24:22
you're trying to achieve

24:24
but as a senior citizen just just be

24:26
very careful out there

24:28
and and go go very slow bring someone to

24:30
the meeting

24:31
have someone on the call if you talk to

24:33
me have someone on the call with me

24:34
i'll conference them in so that you feel

24:36
comfortable um

24:39
annuities can be good you know

24:41
especially if you buy like a lifetime

24:42
income stream

24:43
and cognitively down the road you

24:46
decline

24:47
that lifetime income stream is going to

24:48
happen it's a turnkey

24:50
type approach and i think a lot of

24:52
senior citizens want

24:54
to secure more retirement income because

24:57
you've worked for companies that

24:58
probably don't provide a pension they

24:59
provide a 401k

25:01
or some type of retirement plan for 3b

25:03
if you're a teacher or someone's like

25:04
that

25:05
you've got to convert that into an

25:06
income stream and annuities are the only

25:08
product on the planet that can provide

25:10
a lifetime income so you know

25:13
don't buy the sizzle because you're

25:15
going to own the state stake

25:17
um i love saying that don't buy the

25:19
sizzle because you're

25:20
only going to own the steak and the

25:22
steak is the contractual guarantees

25:24
you know unaffordable for what the

25:25
policy will do not what it might do

25:28
and you know by the contractual reality

25:30
is not the dream if you just

25:31
remember to be rational when listening

25:34
to the sales pitch or listening to any

25:36
type

25:36
annuity information or reading annuity

25:38
information

25:40
you're going to be okay and go slow

25:42
there's never

25:43
an urgency to buy an annuity only

25:45
urgency is to learn about it

25:47
you can't time rates so don't try it

25:50
because lifetime income is primarily

25:51
based on your life expectancy

25:53
with interest rates playing a secondary

25:54
role so with that

25:57
that's about all i've got i mean that's

26:00
that's about all i got for you senior

26:02
citizens and

26:02
baby boomers which i hope to be one one

26:05
day i hope to make it

26:06
to where you're at i hope to be at the

26:09
um

26:10
the lifestyle finish line where i'm

26:11
going to chapter two and it's just

26:13
you know travel and eating out and

26:15
relaxing and and enjoying the spoils

26:17
that you've earned

26:18
and i think that's that's a good way to

26:20
close honestly because

26:22
you know when i say live in the reality

26:23
and not the dream the reality of your

26:26
of chapter two of your life as a senior

26:28
citizen and a baby boomer is

26:30
is taking care of yourself and also

26:32
taking care of your family as well

26:34
can annuities provide that yes some can

26:36
some can

26:37
transfer the risk for that lifetime

26:39
income stream or transfer the risk

26:41
for that principal protection or

26:42
transfer the risk for that legacy that

26:44
you want to provide

26:45
or transfer the risk for that

26:46
confinement care situation down the road

26:49
if you if you happen to need that

26:51
annuities can provide that type of

26:53
coverage so just be careful out there i

26:55
encourage you to go to my site at

26:57
theannuityman.com get quotes get my

26:59
books schedule a call

27:01
you can watch video replays you can

27:03
listen to these podcast replays as well

27:05
so i hope you join me next time on the

27:07
number one annuity podcast

27:09
on the planet and it just happens to be

27:12
called

27:13
fun with annuities

27:19
thanks for listening to fun with

27:21
annuities please hit the subscribe

27:22
button and make sure to go to my site

27:25
at the annuityman.com where you can run

27:28
your own

27:28
spea dia and culat quotes and see a live

27:31
feed of the best micah fix rates

27:34
in the country and even get indexed and

27:36
income rider quotes as well

27:38
you can also sign up for my six annuity

27:41
owner's manual books and i'll ship them

27:43
for free

27:43
and under no obligation i also encourage

27:46
you to schedule a one-on-one call with

27:48
me

27:49
stan the annuity man so we can have a

27:51
full discussion

27:52
of your specific situation it will be

27:55
the best

27:56
brutally factual and truthful advice you

27:59
will ever get and that's one guarantee

28:01
you should definitely take advantage of

28:03
so join me next time for the number one

28:05
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28:06
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28:23
you