Annuities: The Best Offense for Diminished Capacity Retirement Planning

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Hi there, Stan the Annuity Man,

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America's annuity agent, licensed in all

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50 states. Today's topic is it's a good

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one. It's kind of a sensitive one, and

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you know I'm sensitive. You know that.

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How annuities are the best offense, the

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best strategy against diminished

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capacity as you're doing retirement

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planning. What's diminished capacity?

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You know, don't act like you don't know.

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You know, when you're you're not firing

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all cylinders, you forget things. I

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mean, things happen. Yes, that even

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happens to me, Stan the annuity man. But

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I think we should look at it from more

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of a planning standpoint. If we know

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that's going to happen, how do annuities

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help that and help smooth that out for

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not only you, but you, your family, and

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your loved ones? We're going to talk

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about this hard topic of which you need

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to listen to because this is reality and

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it's going to happen to every single one

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of us. One out of one of us will have

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diminished capacity if we live long

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enough. But we're not going to do that

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until I hear uplifting

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music. So, I know what you're saying.

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You're saying, "Stan, wait a minute.

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Wait a minute, player. I'm a master of

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the universe. I trade in stocks and ETF

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and crypto and all that stuff. I know

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what I'm doing. I'm locked in. Bang. I

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can do it." Uh-huh. Yeah. uh kind of

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like the old athlete that tries to play

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in the pros when they really can't play

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because they have diminished capacity

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athleticism. All of us are going to

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reach that stage or start realizing that

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we're not as good with names or we're

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we're kind of forgetting some things.

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That's just life. That's life and death,

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but that's life because that happens to

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all of us. So for all you masters of the

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universe out there that you know the

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Gordon Geckos of the world, you know,

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the the future Elon Musk of the world,

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and you don't need annuities, stand on

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nitty nett long as I'm hitting on all

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cylinders. What I'm trying to tell you

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is you're not always going to be hitting

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on all cylinders. Annuities are

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contracts and if you're setting them up

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for lifetime income, guaranteed lifetime

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income, as long as you're breathing, the

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annuity company's going to pay you

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whether you can remember the payments

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are coming in or not. Why is that

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important? It's important, especially

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for all of you masters of the universe,

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male and female, that your spouse could

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care less about markets, you know, you

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know, volatility, indexes, crypto, all

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that. They don't care. They just want to

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go see the kids and the grandkids. They

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just want to live that life. They want

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to travel. They want to enjoy the

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spoils. They work so hard and put up

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with your rear end for all this time.

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They want to live that life. So, a lot

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of the the annuity strategies like for

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income flooring, what I call income

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flooring is the income that's coming

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into your bank account every single

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month, regardless of who's in office and

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who's running Congress and in the House

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and the S. Who cares? It's money that's

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coming in. By the way, it's already that

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can be the annuity that you already own.

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Yes, you already own one called Social

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Security, the best inflation on

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inflation annuity on the planet. Don't

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believe that? in 2022. Check the

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increase player. I mean, it's going to

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be there. But it's also, you know, money

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hitting your dividend income or annuity

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lifetime income that's going to hit your

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bank account every single month as long

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as you are breathing and you can

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structure that so that 100% of any

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unused money goes to your listed

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beneficiaries and not the evil annuity

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company. Getting back to the diminished

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capacity part, that's very important as

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you get older to have that guaranteed

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turnkey income stream hitting that bank

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account every single month. And if

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you're if you're married or with a

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spouse, as long as you live and as long

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as they live and if you die, the money

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continues uninterrupted and unchanged

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for the rest of your life. I was

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recently doing a podcast. I have I have

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one of the best podcasts on the planet.

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Of course I do. It's called Fun with

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Annuities. comes out every Tuesday. You

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can check it out on all major podcast

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platforms. We even have a YouTube

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channel for it as well, so you can see

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my face and the guest face on it. And um

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I had a great guest. His name was Steve

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Parish. And Steve was talking about

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retirement phases and he's come up with

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three retirement phases that I want you

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to think about because it's easy to

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remember and it makes sense and it

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applies to every single one of us. Okay,

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here here's the here's the phases. Go go

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go. It's number one. Number two is slow

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go. And number three is no go. So go.

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Slow go. No go. Let's go over them. Go

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go go. Go go go go go is where you're at

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right now probably. I'm I'm a master of

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the universe stand. I'm firing all

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cylinders. My IQ is ripping. I forgot

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more than anyone ever will know. That's

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who I am. I don't need this turnkey

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stuff. Go go go. Okay, great. You might

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not need an annuity, but what happens

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now? You're going to transition into

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eventually slowgo. You got an

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eight-cylinder car, but only four of

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those cylinders are hitting, right?

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You're not you're not as good as you

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once were. Obviously, physically, you're

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breaking down because aren't we all?

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Hello. But mentally, you're not firing

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on all cylinders. That's just that's

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just it, man. That's life. That's you

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got to come to those realizations. And

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maybe at that point in time where you're

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either planning for slowgo or you're in

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slowgo, then you not need to start

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putting in that lifetime income stream

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floor guarantee. Or if it's principal

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protection, you want to buy a multi-year

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guarantee annuity or index annuity for

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principal protection, then great. I

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mean, that that's part of that slowgo

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part of your life, that retirement phase

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that Steve Parish um talks about. And by

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the way, if you want to uh go to my site

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at theanuityman.com, we have a podcast

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dropdown, list all my podcasts, you can

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relisten to that Steve Parish phases of

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retirement and have listen to him

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explain a lot better than I'm doing the

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go- go, slowgo, and no-go. So, you know

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what the slowgo is? You're kind of

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phasing in these guarantees. You're that

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the go- go, you're saying, "I'd never

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put a guarantee in. I don't need a

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guarantee." Slowgo is like, "I kind of

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need some guarantees." No go means that.

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You know what that means? You know, nod

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your head. No go is the place where, you

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know, the Michael Jordans of the world

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eventually are using the cane to walk,

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right? They can't jump like they used

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to. You can't do what you used to.

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You're not as you're not as um mobile as

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you used to be. And it's not that you

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know where the end is, but you can see

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the finish line, right? That's no go.

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And no go means that you probably need

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those contractual guarantees. And

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remember, annuities are contractually

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guaranteed transfer of risk products

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that primarily solve for four things.

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And the acronym that I've come up with

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is PIL. P stands for principal

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protection. I stands for income for

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life. L stands for legacy. And the other

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st L stands for long-term care

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confinement care. P I L, principal

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protection, income for life, legacy,

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long-term care, confinement care. When

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you get to the slowgo stage, you're

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starting to think about it. When you get

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to the no-go stage, you got to be there

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and you got to have those products and

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strategies in place transferring the

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risk to solve for those items. And in a

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lot of cases, we live in a a pensionless

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world where less than 9% of the private

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companies out there even offer pensions.

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I think it's actually down to seven. And

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if you don't work for the government,

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you're not going to get a pension. So

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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 regardless of your mental

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capacity guaranteed issue. And you don't

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want to get to the point where someone's

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having to buy your immediate annuity as

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durable power of attorney because you

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can't get it. You can't figure it out.

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Be proactive. You've been proactive your

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whole life. You've planned, you've

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saved, you've scrimped, you've invested,

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you've gone through market ups, market

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downs, you've seen it all. you know that

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what's going to happen in the future.

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You know it. You know

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it. You might want to take some of those

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profits off the table and plan for that

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slowgo and no go years as you're coming

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from that go go place you are right now.

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You know what's interesting about this

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is there's really not a lot of research

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on this topic. Steve Parish is a

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groundbreaker on this and I think he's

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on to something. He really is. Remember

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annuities are transfer risk products.

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There are some point in time that you

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don't want to shoulder all the risk. You

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want to transfer all the risk, but you

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might not want to do that all at one

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time. You might want to do it overtime.

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Transfer the risk. Just put that in the

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back of your mind. Hey, I know this is a

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tough topic. I know this is a very hard

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topic to talk about and for you a

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personalities out there, it's hard to

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have that discussion with your family

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and your friends and your your lawyers

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and everybody to put all of these these

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guarantees and and your you know what

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you want to happen in place. You want to

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have those conversations proactively.

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You want to have those conversations

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when you're firing on all cylinders. You

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want to have everything set up to when

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you do start diminishing. As they say,

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things are already set up. You don't

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want to be at the point where it's

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diminishing. You don't know that you're

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diminishing and it's too late to set it

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up. Be proactive just like you have with

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everything in your life. Most of you out

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there started with nothing and you've

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built this this thing that is so great

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for your family. You've built up this

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money and assets and net worth that you

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can't even believe. Nod your head. You

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can't believe I can't believe it

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sometimes. Came from rural North

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Carolina. I'm like, really? I'm here.

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Yes, you're here as well. But it's time

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for you to be proactive about what's

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going to happen in the future. I hope

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that you live to 115. I hope that you

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beat you're the medical miracle out

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there, but maybe you're not. Okay. Think

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about and and set an appointment with me

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to talk about how do we strategize

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putting those guarantees in place. not

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only to take care of you, you know, as

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you diminish over time, but also to take

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care of your family.

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Okay, nod your head. This is a tough one

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for all of us. But we need to do this.

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So, are we all going to have diminished

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capacity? Yes, one out of one of us.

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Hey, but let's do it like we've done

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with everything else. Let's attack it.

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Let's plan for it. Let's put things in

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place that will take care of both you

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and your family. Hey, do me a favor. Go

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to my site at

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theanuityman.com. Set an appointment

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with me. We can talk about this. Put a

10:20
customized plan together. You can use my

10:22
quote quotes and and uh retirement

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calculators all day long, 247365. You

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can get my books. There's all kinds of

10:29
things on my site. That's for education.

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Obviously, we want you as a client, but

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it's you're going to make the decision

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on your terms and on your time frame. Do

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me one more favor. Hit the subscribe

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button. Leave a comment down here. We

10:41
will respond. And I'll see you on the

10:43
next Stan the Annuity Man YouTube video.

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[Applause]