Annuities Are Boring: Shootin' It Straight With Stan

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Welcome to Shooting it Straight with

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Stan. I'm your host Stan the Annuity

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Man. America's annuity agent licensed in

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all 50 states, top independent agent in

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the country and the tallest if you're

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keeping score. Today's topic is

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annuities are boring and that's a good

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thing. Okay, in the world that we're

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living in now where it's a bull market

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at the time of this taping, check the

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date, raging bull market. You can throw

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a dart at it and be a genius. I always

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say don't confuse a bull market with

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genius. Uh, but there's still 14,000

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people turning age 65 every single day

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looking for guarantees. Looking for

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pension type lifetime income payments.

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Why? Good question. Because there's no

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pensions unless you work for the state

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or a good labor union or the federal

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government, military, whatever. You

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don't have a pension. you have a 401k, a

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43b, a 457 savings account, whatever

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that you're going to have to you're

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going to have to convert into a lifetime

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income stream. And annuitities,

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there's many types, but there's four

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types that provide lifetime income,

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you're going to have to look at one of

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those four types for lifetime income. If

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you want to add to the current annuity

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that you already own, which is Social

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Security, and yes, that is an annuity.

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is a the best inflation annuity on the

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planet because politicians just randomly

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raise it because they want your vote.

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Okay, so annuities are boring and that's

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a good thing. The way that the annuity

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man and we're the top seller fixed

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annuities on the planet. Um, and we're

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located in Las Vegas, Nevada. We're

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direct consumer. We're licensed in all

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50 states. Everybody in my office is

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licensed in all 50 states. So, they can

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talk to you. But we only look at

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contractual guarantees. You own an

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annuity for what it will do, not what it

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might do. The will do are the

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contractual guarantees of the policy.

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You go, "Wait a minute, Stan. Isn't

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there any market growth or upside

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potential?" Not in our world. Now,

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annuity agents will tell you they have

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the product that can do it all and

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market growth and blah blah blah. They

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don't. They don't have that. If you want

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market growth, never ever ever buy an

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annuity. We use an acronym called PIL.

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Um P stands for principal protection. I

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stands for income for life. L stands for

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legacy. The other L stands for long-term

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care. If you don't need to contractually

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solve for one or more of those items in

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the pill, you don't need an annuity.

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There's no G for growth. There's no S

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for stock market. There's there's

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there's none of that. Okay? So, if

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anyone's saying that they have it, they

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don't. Okay? They just really don't. If

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you want market growth, go don't buy an

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annuity. All right? The boring part

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about annuities, which is a good thing,

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are the contracts between you and the

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life insurance company that issues the

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annuity. Life insurance companies issue

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annuities,

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okay? And life insurance companies have

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the big buildings for a reason because

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they know we're going to die as opposed

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to property and casualty companies that

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don't know when the hurricane or fire is

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going to hit or the tornado or the

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hurricane Zeke, you know, at my Florida

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abode. I'm in Florida. The boring nature

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of annuities is owning the contractual

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guarantee. The the good about that is

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you know exactly what's going to happen.

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There's no surprises when you buy

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annuities for contractual guarantees.

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There's no surprises whatsoever when

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you're buying lifetime income. We're

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only looking at A+ or better carriers

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because we're going to marry M A R R Y,

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not M R Y. Marry that carrier for life.

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They have to be solid. A+ or better.

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No exceptions. Okay. For lifetime

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income, that's boring. Why? Because

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they're going to pay for as long as

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you're breathing. And we'll structure

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that lifetime income payment if it's

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joint life. So it pays for as long as

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one of you is breathing. And when the

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second one of you dies, 100% of any

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unused money goes back to the list of

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beneficiaries of the policy. In other

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words, the evil annuity company doesn't

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keep a penny. Pretty boring, right?

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Yeah. But boring is good. Remember,

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when you're looking for growth, then do

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do the stock market, do the ETFs, do,

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you know, buy buy the the whisbang

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companies, the tinbaggers, as they call

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it. But part of your portfolio, and the

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older you get has to be in what I call

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transfer risk products. You're

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transferring the risk to solar principal

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protection. You're transferring the risk

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to solve for income for life.

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So, you have to start transferring the

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risk. You have to start derisking your

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portfolio.

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You have to start making your portfolio

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boring.

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Boring.

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People ask me all the time, Stan the

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Annuity Man, America's annuity agent.

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What do you do with your money? Boring.

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Everything's boring. Everything's

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contractual. Boring.

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But I go by the Warren Buffett

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principle. Rule number one, Warren said

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a long time ago, and he just at the time

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of the state, he just retired. Uh, which

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is kind of cool. I think he's a hundred.

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Uh, rule number one, never lose money.

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Rule number two, don't forget rule

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number one.

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I listen, I drink the Kool-Aid. I drink

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the annuity man Kool-Aid. I'm not saying

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you have to do that. But what I am

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saying is you need to start putting in

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place that income floor. And what's the

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income floor? That's social security,

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best inflation annuity on the planet.

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Pension, if you're so fortunate, if

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you're one of the nine nine%

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that have a pension. RMDs constitute an

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annuity because you have to take money

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out every single year at at a specific

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age. Um, you know, the IRS is going to

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tap you on the shoulder. That income

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floor, the money that's hitting your

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bank account every single month so that

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you can live the life that you work so

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hard to live.

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Boring, right? So, you go to the uh you

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go to the cocktail party and people are

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talking about all the stocks they buy

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and all the options they're doing and

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they're buying futures or whatever.

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They're doing Bitcoin, whatever. man,

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that is that's that's great. And and I

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wish them the best. And you need to wish

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them the best, but you need to look at

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them and and when they ask you what

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you're doing, you need to say, "Boring.

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It's boring. It's contractual." You

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know, I I met this guy Stan the Annuity

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Man. I saw him on the internet and

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talked to him and his team and and

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they're all about boring contractual

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guarantees.

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But boring and chapter two of your life,

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and by the way, chapter two is what I

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call retirement. I hate the word

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retirement. Chapter two is about you.

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Chapter two is about you. Chapter two is

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about contractual guarantees. Chapter

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two is about boring financially. I want

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your life to be dynamic and travel and

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go see the kids and the grandkids and go

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to Europe and do your thing, but your

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financial side boring.

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So boring's good. And we are positioning

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annuities the correct way. Contractual

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guarantees only. No hypotheticals,

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theoreticals, back tested unicorns

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chasing the butterfly numbers at that

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you go to the bad chicken dinner

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expensive steak dinner seminar and here

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or you you go on the internet and some

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guy's like, I can get you 25% of bonus

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and 10% a year and protect the

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principal. Yeah, I've got a pill that

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will give you six-pack abs if you take

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it. Give me a break. If it sounds too

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good to be true, it is every single

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time. Annuities are boring.

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If you go to that seminar like my mom

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does in St. Augustine, Florida, she's

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86. She goes to three every week. I keep

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saying to her, can you just raise your

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hand and just go boring in your little

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voice? I wish she would. Annuities are

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boring. They need to be boring. They are

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boring. Contractual guarantees are

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boring. Okay,

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I hope I've made my point and I hope

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I've I hope I've squashed some of the

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sales pitch dreams that are out there

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that you've heard from your advisors and

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and gurus or whatever. I've got this

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product. I got this thing that it market

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upside with no downside and 26% bonus or

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whatever. Listen, it was that good,

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don't you think Goldman Sachs would buy

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it? Morgan Stanley would buy it. Maril

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Lynch would buy it. Don't you think

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they'd buy it with their house money? Of

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course they would buy it. If it worked

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like that, it doesn't. Okay. So, if you

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can't explain the annuity you're

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considering to a nine-year-old, no

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offense to nine-year-olds, then don't

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buy it. Okay? If it sounds too good to

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be true, it is every single time without

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exception. And if it's not boring, then

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don't consider it. Everything that we

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show, everything that we'll talk about

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is boring.

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And that's a good thing. So when you

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call us, it's not going to be some

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whisbang thing. Hey Stan, what's the

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best annuity you have? It's the boring

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one that provides the highest

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contractual guarantee for your specific

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situation. Hey Stain, you ever heard of

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this product this pitch me? Yes, I have.

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But it's irrelevant because what we look

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at are the boring contractual guarantees

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that you should have for chapter two of

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your life. So annuities are boring. Let

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me just tell you this. It's a good

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thing. And we're going to preach it and

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we're going to yell it and we're going

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to scream it and we're going to promote

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boring and we're going to promote

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contractual guarantees only because

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that's the only reason you should be

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buying an annuity. I'm Stan the annuity

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man. See you next time.