049 Retirement Withdrawal Strategies

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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

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find out the brutal facts about

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annuities with no sales pitches or high

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pressure 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 to fun with annuities the number

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one annuity podcast on the planet hosted

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by yours truly stan the annuity man

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america's annuity agent the top

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independent agent

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in the country today's topic is a very

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very good one

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and it's very important because there's

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over 10 000 baby boomers hitting the

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retirement age of 65 every single day a

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lot of them are retired a lot of them

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are looking

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to retire soon so today's topic

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retirement withdrawal strategies with

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annuities using

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annuities and how that works so

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you know everybody when they retire

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needs to set up what i call an income

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floor

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the foundation of income that's going to

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hit your bank account every single month

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regardless of who's in office

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democrat republican doesn't matter

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regardless of anything that's happening

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in the country the markets

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this is money that's coming in now

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everyone always says

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well hey no annuities i hate the news i

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never ever owned an annuity

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you'd have to put a gun in my head to

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own an annuity really

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you already own one if you have a social

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security number

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and you've been contributing to that

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system um you already own the best

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inflation annuity on the planet and that

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is called

1:50
social security period so you already

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own one

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so well no an annuity yes it is it's a

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lifetime income stream that's based on

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your life expectancy

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at the time you take the payment the

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older you are the higher the payment nod

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your head

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now the inflation part of that is the

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beautiful thing about the social

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security because

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um you know it's just our our congress

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people senators and

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uh and house representatives i guess

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voting on the increase they don't look

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at any

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they they obviously don't look at how to

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pay for it i mean they don't do that

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with anything so

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what's getting hot in here i got to zip

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down a little bit on the standy nudey

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man logo right

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i'm logoed out for all the podcast

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listeners out there um

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yeah so we're talking about you know

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retirement withdrawal strategies and now

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forever and i've been

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in the business forever i've forgotten

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more than most people know about

2:35
about the business about finances

2:37
financial annuities especially annuities

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i mean i've written seven books on in

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fact you can go to my site at

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theannuityman.com and i'll ship you

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those books for free

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but when it comes to retirement

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withdrawal strategies one of the biggest

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um

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old school for whatever reason it's just

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still hung around is the four percent

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rule and what does the four percent rule

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stand the annuity man america's annuity

2:57
agent

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what it is is if you know it's the

3:00
broker advisor master of the universe

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person that's managing your stock

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portfolio that's never seen a down

3:05
market probably and only thinks markets

3:07
go up saying

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well you never have to buy an annuity mr

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johnson because

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we can just peel off four percent from

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the gains that always happen

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and you'll be fine and you can have your

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cake and eat it too

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uh maybe

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you and i both know the people that are

3:23
probably listening to this podcast

3:26
um can remember when markets swim down

3:29
can remember when markets didn't move

3:30
like they did and they're not as

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volatile

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you know i'm the first person that wants

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markets to continue to go up i think

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that's great it's great for the retirees

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but we all kind of feel that

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sickening feeling a little bit that

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something's got to happen there's got to

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be an event

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maybe down the road i hope this i hope

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that's not true

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i mean i really do that was my phone did

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you just hear that that was my phone so

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i'm going to shut that phone off visual

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for all you podcast listener

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should have done that before we started

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but you know what i'm free forming it

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baby this is live this is

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live in the will do not might do studio

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on the camera it's the

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it's the annuity fun cam i guess we got

4:05
to name the microphones like the

4:07
the the fun microphone or the fun mic

4:09
annuity fun mic for the podcast

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listeners

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but the four percent rule getting back

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to that

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it sounds great in theory it's it's also

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like six minute abs you know it's

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it it it works until it doesn't right i

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mean it just

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you can't and i've been doing this so

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long that i guess i'm

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a curmudgeon i'm like a pessimistic

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realist i guess

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is you cannot depend on markets to

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continually go up

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i mean you just can't i know that i'm

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saying that in their biggest raging bull

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market of all time at the time of this

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taping i understand that

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but we're talking about retirement

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withdrawal strategies and when you're

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talking about retirement

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you're in chapter two of your life so

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what you're trying to do is make sure

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that

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you're going to live the lifestyle that

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you have worked so hard to live

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uh work so hard to earn and work so hard

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to get to this point

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one of my biggest sayings that i say all

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the time to everybody is there's no

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u-hauls behind hearses

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and if there is one if you ever see a

5:07
her a u-haul pulling a hearse take a

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picture and send it to me please

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what i'm trying to say is you can't take

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it with you what i'm trying to say is

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you got to live your life

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part of the retirement will draw

5:17
strategy that in my opinion needs to be

5:19
sol it needs to be solid it needs to be

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contractual the majority

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of it now what is your we go back to the

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income floor so you need an income floor

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income floor could be social security

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it could be um you know rental income or

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dividend income

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or you know if you're writing call

5:39
options that type of income

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you know a side hustle that you might

5:42
have something that's coming into your

5:43
bank account every single month

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if you're a pinch i mean if you have a

5:47
pension then great you either

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work for a great company there's

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probably less than 10 percent of private

5:51
companies that offer them still

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the government obviously offers them

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some some very good trade unions have

5:57
negotiated

5:58
pensions for their workers but the

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majority of the rest of us

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can't we don't have that so where do we

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find our personal pensions where do we

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find that part of the income floor well

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annuities whether you love them hate

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them or not i love them people say i

6:11
hate all annuities i'm like all of them

6:13
all all of the types you know immediate

6:15
annuities deferred income annuities

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qualified longevity annuity contracts

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multi-year guarantee annuities index

6:19
annuities variable annuities charitable

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gift annuities which one do you hate

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where do you

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hate them all part blanche because the

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word annuity is in there

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you can't okay that's that's crazy but

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annuities are the only product on the

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planet that can provide a lifetime

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income stream how a call today

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you know i'll call him chester always

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call my calls chester but

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and the call was just well y'all don't

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know i'm gonna buy

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a an immediate annuity for income

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because i don't want the insurance

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company to keep the money when i die

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well that you know that's chester and

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his wife martha that i always talk about

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that's only one of about 30 to 40

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different ways to structure lifetime

6:54
income you can structure the lifetime

6:55
income so that it's a lifetime income

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stream

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regardless of how long you live if

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there's a medical miracle and you lived

7:00
150 the annuity companies on the hook

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hello

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but if you die in a fiery legit plane

7:05
crash day two

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we can structure it so that 100 of any

7:08
unused money

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goes to the list of beneficiaries of the

7:11
policy so let me repeat

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you can get a lifetime income stream and

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when you die the evil annuity company

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does not keep the money

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are we clear on that nod your head

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because most of you have lived very

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you've scrimped you've saved you've

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worked you've you've

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you've gone without and now you're here

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at the at the

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chapter two of your life are you gonna

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pivot and it's gonna be all about you

7:32
i hope so um you know you can structure

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it so that

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if you die your beneficiaries are gonna

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get any unused money now remember with

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annuities

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um the primary pricing mechanism for

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lifetime income is your life expectancy

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at the time of the payments interest

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rates play a secondary role

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interest rates play a secondary roll

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interest rates play a secondary roll

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what did i just say

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interest rates play a secondary roll and

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the reason i'm driving that home

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is i do not want you to call me and say

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the following like i get every day well

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i'm going to wait and do the time

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interest rates because if injury's going

8:06
to jump it's about your life expectancy

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okay interest rates would have to

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significantly

8:14
move up for it to move the pricing

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needle i know you don't believe me but

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it's true

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period you can go to my site at the

8:21
annuityman.com and run quotes

8:22
yourself 24 7 365 but once you get

8:26
down and serious about it and looking at

8:28
at uh setting up in part of the income

8:30
floor using annuities

8:31
um you need to talk to me go to the site

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the annuityman.com book a call with me

8:35
and i'll do

8:36
customized plans for you we might ladder

8:38
the purchase we might latter the start

8:40
date we might we might combine different

8:42
products

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different product types oh yes there's

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more than one product type with

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annuities

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um so i'll do that for you but part of

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your income floor is pretty much

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it has to be um you know

8:54
an annuity period now we've already said

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that social security is the best

8:58
inflation annuity on the planet and it

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is but what if hyperinflation hits or

9:02
something like

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that hits then we can reverse engineer a

9:05
quote to solve for a specific monthly

9:07
dollar amount

9:08
using an immediate annuity to to solve

9:10
for that inflation

9:12
if there is an agent or advisor out

9:14
there that says they have an annuity

9:15
that adjusts for inflation get up and

9:17
walk out of the office or hang the phone

9:18
up or

9:19
stop the zoom call because they're lying

9:21
they don't have it

9:22
there is no such thing if there was such

9:24
a thing we'd all buy it and that's all

9:26
i'd sell

9:27
but remember if it sounds too good to be

9:29
true with annuities it is every single

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time

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so when we we're talking about with

9:32
retirement withdrawal strategies

9:35
i think you need to come more away from

9:37
that four percent rule because

9:39
i've got a i've got a client in uh in i

9:41
think he's in the tampa region

9:43
and he's a huge futures trader i mean

9:45
he's a monster futures trader

9:47
but he buys immediate annuities every

9:50
single year

9:51
for him and his wife as the income floor

9:53
to fill in that income floor

9:54
and he's told me this numerous times he

9:56
said you know what stan you know demand

9:57
america's annuity agent

9:58
no he doesn't say that but he should

10:00
that last part the america's nudity

10:01
agent but he says you know what i'm a

10:03
better trader because i know how this i

10:04
have this income floor in place you'll

10:06
be a better investor

10:08
when you have the income floor in place

10:10
and i always tell people use as little

10:12
amount of money as humanly possible

10:14
when you're buying annuities to solve

10:16
for the contractual goal

10:17
i know that the annuity guys just looked

10:19
down upon me went shut up son

10:22
get as much money as humanly possible

10:24
that's garbage

10:25
i'm just telling you right now and with

10:26
annuities the industry really doesn't

10:28
like to see you use more than 50

10:30
of your investable assets in any type or

10:32
types

10:33
or combinations of annuities so you

10:35
can't go all in and the only way

10:36
and i get calls every day well you took

10:38
all you took all over money and put it

10:40
in a internet well then he filled out

10:41
the paperwork

10:42
fictitiously should lose his licenses or

10:44
her license if they did that the annuity

10:46
industry

10:47
frowns upon that but annuities back in

10:50
the day in the in the roman times they

10:51
were put

10:52
on the planet as a lifetime pension for

10:54
the dutiful roma

10:55
soldiers and their families the word

10:57
annuity comes from the latin word annual

10:59
which means

11:00
payment and annuities are the only i

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mean only

11:03
they have a monopoly on lifetime income

11:05
it's the only product that can provide

11:06
that lifetime income stream

11:08
there's no roi until you die people i

11:10
kind of call today and the guys well i

11:12
really need to know

11:13
um what uh what the return is going to

11:15
be um i'm like well it didn't tell me

11:17
when you're going to die because when if

11:19
you can tell me exactly when you're

11:20
going to die

11:21
i'm going to tell you that it's going to

11:22
be either good or bad return

11:24
if you die soon it's a bad return but

11:25
we're going to structure so that 100 of

11:27
the money goes back

11:28
to your beneficiaries if you die later

11:30
and you outlive the life expectancy

11:32
um then you beat the beat the uh

11:35
beat you do it at their own game great

11:36
story got a call this week and it's

11:39
that's kind of sad i mean you know death

11:41
is death happens right

11:42
um you know i guess that's a t-shirt

11:44
material but anyway

11:46
so the lady calls me and she goes you

11:47
know my husband died

11:49
and uh he had a single premium immediate

11:51
annuity

11:52
with you and we structured it a life

11:55
with installment refund

11:57
okay what that means is if he died early

11:59
then 100

12:00
of any unused money goes to the

12:02
beneficiaries in the same payment form

12:05
and she's like is there any money left

12:07
over i'm assuming there is and i'd like

12:09
those payments to continue

12:11
i looked him up and i went he's he died

12:13
at 94.

12:15
okay he's been in the annuity company's

12:18
public pockets for a long time that

12:19
account has been at zero for a long time

12:22
i have thousands of of of clients that

12:24
that the account

12:25
the payout the lifetime income stream

12:26
annuity had the accounts have been at

12:28
zero

12:28
they've outlived their life expectancy

12:30
and the income is coming on that's a

12:31
pretty good deal right isn't that what

12:32
you want

12:33
no one ever really asked hey what's the

12:35
return on investment on social security

12:38
you don't care all you want is the

12:39
lifetime income stream as long as you're

12:40
breathing

12:41
same thing with annuities we can just

12:42
structure so that 100 of the money

12:45
never is kept by the annuity company so

12:48
you know building that income floor

12:50
looking at where china retirement

12:51
withdrawal strategies

12:52
i'm going to ask the same two questions

12:54
ask everybody what do you want the money

12:55
to contractually do

12:57
and when do you want those contractual

12:58
guarantees to start and from those two

13:00
answers i can point us to

13:03
these the annuity type there's not just

13:06
one type there's many types right not

13:08
your head

13:09
that will provide the highest

13:10
contractual guarantee and

13:12
and for the retirement withdrawal

13:13
strategies that could be either income

13:15
now

13:16
starting you know as soon as 30 days up

13:18
to a year or income

13:19
later you know starting as late as a

13:22
year you know as far out as 20 years

13:24
so we can tell you the contractual

13:26
guarantee to the penny

13:28
to the penny whether you want to start

13:31
it immediately or down the road and

13:33
that's the good part about the planning

13:35
so if you're saying

13:36
i'm going to build my income floor up

13:37
i've got six more years to work and i

13:38
want to start

13:40
you know putting away that income floor

13:41
and contractually getting it in place we

13:43
can do that

13:44
or if you say you know what we need the

13:45
income to start right now we can do that

13:47
as

13:48
well now remember going back to

13:49
inflation do annuity companies offer

13:51
inflation increases yes they do

13:53
because customers want them they're

13:54
called cost of living adjustment

13:56
increases

13:57
um at the time of this taping there

13:58
there are no longer any more cpiu

14:00
consumer price index type increases

14:04
attached to immediate annuities or

14:05
deferring annuities that'll come back

14:07
for right now it's not there but cost of

14:08
living adjustment increases

14:10
you can say okay i want the income

14:11
stream to increase by three percent

14:13
every year

14:14
sounds great right annuity companies

14:16
have the big buildings for a reason they

14:17
don't give anything away so what they do

14:18
is they significantly lower that initial

14:20
payment

14:21
if you attach that cost to living

14:23
adjustment writer as opposed to the same

14:25
exact annuity that you do not

14:27
okay so you know we go through those two

14:29
questions what do you want the money to

14:30
contractually do when you want those

14:31
contractual guarantees to start

14:33
and with retirement income uh withdrawal

14:35
retirement withdrawal strategies using

14:37
annuities

14:38
part the acronym i always use is

14:40
principal protection income for life

14:41
legacy and long-term care the acronym is

14:43
pill

14:44
once again principal protection p income

14:46
for life i

14:47
uh legacy l the other la l is long-term

14:51
care confinement care

14:52
in this case with retirement withdrawal

14:54
strategies i think either the p or the i

14:56
the principal protection or the

14:58
income for life you don't always have to

15:00
turn on a lifetime income stream

15:02
to fill in the income floor you might

15:03
say stan i i want to buy a fixed rate

15:05
annuity like a multi-year guarantee

15:07
annuity which is

15:08
the annuity version of a cd and i just

15:10
want to peel off the interest

15:12
you can do that and still never touch

15:14
the principle and it works just like cds

15:17
okay i hesitate to make the example

15:21
a correlation between annuities bonds

15:23
because it's really not the same

15:24
i used to manage bonds for morgan

15:26
stanley a long time ago in ubs

15:28
so i understand that world um the the

15:31
the example and the correlation is is cd

15:33
type investment where you're just

15:35
protecting the principal not paying any

15:37
fees with a multi-year guarantee annuity

15:39
and peeling off the interest by the way

15:41
um you know at my site the

15:42
annuityman.com you can see a live

15:45
feed of those rates of this multi-year

15:47
guarantee annuity rates you can run your

15:48
own quotes and spies ideas qlax and

15:50
those type of things

15:52
and there's also an income uh income

15:54
guarantee called an income rider that

15:55
you can attach to either

15:57
an index or a variable annuity we don't

15:58
sell variable annuities because

16:00
uh number one we don't sell anything

16:02
that goes down we just do will do not

16:03
might do which is by saying you an

16:05
annuity for what it will do

16:06
not what it might do so we only look at

16:07
the contractual guarantees

16:09
but what we have found is that the

16:10
income riders attached to indexed

16:12
annuities

16:13
um that they offer a higher contractual

16:15
guarantee than variable annuities

16:17
so it really comes down to from a return

16:20
retirement withdrawal strategies using

16:22
annuities

16:23
the good news is it's contractually

16:24
guaranteed and i think that

16:26
you know your social security is

16:27
contractually guaranteed you know

16:29
whether you want to put your tin full

16:30
hat on or not

16:31
and say the government can't back it up

16:32
that's that's another argument for

16:34
another day

16:34
but that's a contractual guarantee an

16:36
annuity is a contractual guarantee

16:38
the four percent rule is not a

16:40
contractual guarantee

16:41
um you know i so i would encourage you

16:44
to

16:45
go to my site and get the books so i can

16:47
send you the books for free no

16:48
obligation no one's going to call or

16:49
show up

16:50
your doorstep and also have a you can

16:53
learn about

16:53
you know read the books or quick reads

16:55
50 60 pages you can also go to my other

16:58
youtube site called stand the annuity

17:00
man where i have over 300 pushing 400

17:03
videos on all types of annuities

17:07
and every single question you've ever

17:08
thought of i've done a video on

17:10
as well and kind of like this one the

17:12
retirement withdrawal strategy i mean

17:14
that comes from a call someone saying

17:15
hey

17:16
you know i need to put together a plan

17:18
for this and you know for me

17:20
me and the spouse me and the wife me and

17:21
the partner on how this works and the

17:23
good part about

17:24
annuities as well from a from withdrawal

17:26
strategy standpoint

17:27
is you can structure the annuity joint

17:29
life

17:30
so that if something happens to you the

17:32
income continues uninterrupted and

17:34
unchanged

17:35
for the second person's life and again

17:37
once again we can structure it so that

17:39
when the second person dies whatever's

17:41
left in the account

17:42
goes to the list of beneficiaries on the

17:44
policy

17:46
i'm going to repeat this but i need you

17:47
to understand it and and this might

17:49
this might not sound great to you but

17:51
it's reality and it's fact

17:53
um all lifetime income from annuities

17:57
all

17:57
all i'm not talking about my guess

17:59
peeling off interest i'm talking about

18:00
when you say

18:00
i'm going to buy an immediate annuity or

18:02
deferred income annuity or qlac or

18:04
income rider all lifetime income

18:07
transfer of risk

18:08
is a combination return or principle

18:10
plus interest

18:11
it's just that simple so if anybody says

18:13
to you

18:14
well i can i can do the growth in the in

18:17
this account all set the income

18:18
bull crap if they say that then have

18:21
them sign a piece of paper guaranteeing

18:23
it and putting their rear end on the

18:24
line for it other than that

18:25
it's a bs sales pitch that you shouldn't

18:27
listen to

18:28
you know never buy an annuity for the

18:30
hypothetical theoretical back-tested

18:32
projected

18:33
unicorns chasing the darn butterfly

18:37
approach that most agents will tell you

18:39
i mean

18:40
what i'm hearing out there is crazy got

18:42
a story today

18:44
of an 85 year old you'll love this 85

18:46
year old that's trying to be sold in

18:48
an indexed annuity with an income writer

18:50
with a living benefit writer at 85

18:53
persons should lose their license

18:55
immediately you know i always tell

18:56
people the only

18:58
the only um protection that you have out

19:00
there

19:01
truly is to write everything down that

19:04
the sales pitch first of all you should

19:05
deal with me it's going to be brutal

19:07
it's going to be honest and you're going

19:08
to love it

19:09
i'm never going to be your friend i'm

19:10
going to be the best advisor you've ever

19:11
had but if your brother-in-law's trying

19:12
to sell you an indexed annuity

19:13
or something write down what they say

19:15
verbatim and have them sign off on it

19:18
you sign it they sign it that's the only

19:19
i call it

19:20
i mean that's the that's the statement

19:22
of understanding that you have to put

19:23
together

19:24
in order to protect yourself um but

19:27
with with retirement withdrawal

19:29
strategies what i would tell you to do

19:31
is is figure out you've got to go ahead

19:33
and sharpen your pencil and you've got

19:34
to say okay

19:35
here's what i need per month here's what

19:38
we need per month

19:39
period here's the you know the car

19:41
payment the house payment all that stuff

19:42
you know the the fund money the travel

19:44
money you know figure out what that

19:46
is and then subtract out social security

19:49
and pensions and all the other income

19:50
sources that you have

19:51
and then what's left that gap that

19:53
income gap that's where i come in then

19:55
you call me up and say okay

19:57
i need to solve for this income gap

19:59
let's find out how little amount of

20:01
money it takes

20:03
to to guarantee that that amount of

20:05
income and i'll quote all

20:06
carriers uh to find that best

20:08
contractual guarantee for your

20:10
specific situation you have to

20:12
understand also with quotes using

20:14
annuities

20:14
they're like a gallon of milk they

20:16
expire every seven to ten days

20:18
and that doesn't mean mean you need to

20:20
buy one or make some

20:21
quick decision but what that does mean

20:23
is if you want to lock it in you got to

20:24
go through the application process to

20:26
lock it in

20:27
um because they're commodity products do

20:30
not let anyone

20:30
tell you that hey this annuity is the

20:33
best one or this i've done all the

20:34
research and this is the best one or

20:36
this is the best one for you no you shop

20:38
for annuities like you shop for plane

20:40
tickets and when you're

20:40
talking about retirement withdrawal

20:42
strategies

20:44
you know you're you're shopping all

20:45
annuity carriers for the highest

20:46
contractual guarantee

20:48
that you've been very specific about on

20:50
how you want it to

20:51
be structured whether you want the

20:52
income to start now or two years from

20:54
now or three years from now or seven

20:56
years from an hour ten years from now

20:58
you know we can tell you to the penny

20:59
what that income stream is going to be

21:01
and it's a competitive market i mean

21:03
there's

21:04
there's hundreds of carriers out there

21:05
and we represent pretty much every

21:07
single one out there

21:08
and we quote all carriers and like i

21:10
said at my site you can go there

21:11
and get those quotes but i do encourage

21:14
you to schedule a call

21:16
with me um so that we can have that

21:19
discussion and when you go to go to the

21:21
site and book a call it's a 30 minute

21:22
block so you have me for 30 minutes

21:24
and we're not going to talk sports or

21:26
politics we're going to hit the ground

21:27
running from the time you get me on the

21:29
phone um

21:30
and we say the formalities we're gonna

21:32
say okay let's get to it

21:33
let's start talking about your situation

21:35
let's start finding out if annuities

21:37
appropriate and suitable for your

21:38
situation it might not be i will tell

21:40
you that

21:41
or if someone's pitching you a product

21:43
and you want clarification

21:44
and the truth then we need to talk about

21:46
it but in most cases if you're calling

21:48
me

21:49
to uh to tell you that what your

21:50
brother-in-law told you was good

21:52
probably don't want to make that call

21:53
because i'm going to tell you the truth

21:55
i will tell you how to make lemonade out

21:57
of it but but don't call me to say well

22:00
is this true is this you know all this

22:01
truth is up front bonus

22:03
listen up front bonuses candy for the

22:04
stupid you cannot be

22:06
that gullible to think that there's a

22:07
philanthropist at an annuity company

22:09
giving away money

22:10
it just does not happen but i think

22:13
what's interesting about this topic

22:14
about

22:15
retirement withdrawal strategies is

22:17
we're having this conversation we're

22:18
doing this podcast

22:20
in one of the biggest raging bull

22:21
markets of all time

22:23
i mean so people are under the illusion

22:26
you know people always say every time

22:27
there's a crash

22:28
people say to me i'm never going to

22:29
forget that that really hurt that really

22:31
left a scar

22:32
stand the annuity man that but of course

22:34
now they've forgotten that

22:36
you know craziest call of maybe

22:39
for the year so far is i got a call the

22:42
other day

22:43
that somebody gave a seminar on

22:46
bitcoin income annuities

22:49
what i mean give me a break i mean it's

22:53
not going to happen anytime soon if ever

22:56
but this person was convinced that i

22:57
could sell them a bitcoin

22:59
no i can't that's

23:02
the cred that's to me telling me that

23:04
we're kind of at the top of the market

23:07
i hope i'm wrong but i got a call

23:09
another call of the day from a good

23:10
friend that says he was thinking about

23:12
pulling his son out of college and just

23:14
letting his son be a day trader because

23:15
he's had some a little bit of success

23:17
here in the past couple months and i

23:18
went you're the dumbest person on the

23:20
planet

23:21
do not do that keep that kid in college

23:23
because those are the type of stupid

23:25
things that happen at the tops of the

23:26
market

23:27
and i should know because i've been

23:28
doing this for ever i was

23:30
i was there i i was there in 87 i was

23:33
there in

23:35
in in 2000 i've been there i've seen

23:37
this stuff

23:38
and i i just encourage you to not

23:42
uh you need stuff in the market you need

23:44
to have growth

23:45
and if you want market growth never ever

23:47
ever ever ever

23:49
ever ever buy any type of annuity and

23:51
that's including

23:52
you know variables and index annuities

23:54
because you're limited okay

23:56
period i know the variable people are

23:57
yelling at me but index annuities are

23:59
cds that's not a market product

24:01
so you need stuff in the market but when

24:03
it comes to retirement withdrawal

24:05
strategies and putting that incoming

24:07
floor in place

24:08
you have to have to have to have to

24:11
think about including annuity transfer

24:14
of risk contractual guarantees

24:16
in there so that guaranteed income floor

24:19
is always going to be hitting that bank

24:20
account

24:21
every single month now obviously i hope

24:25
that you use me the annuity man stand

24:28
the inundation go to my site

24:30
and get all the quotes again i encourage

24:32
you to get my books at the

24:33
annuityman.com i'll ship them to you for

24:35
free they're easy to read

24:37
owner's manuals and i've written them on

24:39
everything i've written them on

24:40
my spears diaz q lacs index annuities

24:43
and income riders

24:44
they're specific to those products and i

24:47
talk about the benefits the limitations

24:49
the good and the bad

24:50
so that you understand what you're

24:52
buying never there's never an

24:54
urgency to buy an annuity the urgency is

24:56
for you to understand what you're buying

24:58
and if you can't explain it to a

25:00
nine-year-old don't buy it no offense to

25:02
nine-year-olds

25:03
it's really that simple so a great topic

25:06
today retirement withdrawal strategies

25:08
using annuities

25:09
you certainly can do that there are

25:11
products out there

25:12
um you know there's different types the

25:14
income products that that will do that

25:16
are single premium immediate annuities

25:18
deferred income annuities qualified

25:19
longevity annuity contracts

25:21
and income riders and then you can also

25:23
look at multi-year guarantee annuities

25:25
and just peel off the interest as well

25:27
it all comes down to your customized

25:28
situation and i encourage you to contact

25:31
me so we can go through that

25:32
and i can put a customized plan for you

25:35
so with that i'm glad you joined me on

25:37
the number one

25:38
annuity podcast on the planet called fun

25:40
with annuities where our saying here

25:42
is live in the reality not the dream

25:44
what does that mean

25:45
we're living the contractual realities

25:48
not the sales pitch

25:49
dreams that you're hearing out there in

25:51
the hinterlands

25:53
of annuity world so with that i'll see

25:55
you next week my name is stan

25:57
the annuity man

26:03
thanks for listening to fun with

26:05
annuities please hit the subscribe

26:07
button and make sure to go to my site

26:09
at the annuityman.com where you can run

26:12
your own spea dia and culat quotes

26:15
and see a live feed of the best mica fix

26:17
rates

26:18
in the country and even get indexed and

26:20
income writer quotes as well

26:22
you can also sign up for my six annuity

26:25
owner's manual books and i'll ship them

26:27
for free

26:27
and under no obligation i also encourage

26:30
you to schedule a

26:31
one-on-one call with me stan the annuity

26:34
man so we can have a full discussion

26:37
of your specific situation it will be

26:39
the best

26:40
brutally factual and truthful advice you

26:43
will ever get and that's one guarantee

26:45
you should definitely take advantage of

26:47
so join me next time for the number one

26:49
annuity podcast on

26:51
the planet fun with annuities

27:08
you