Annuities & the Mid-Term Election Results: 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 in Puerto Rico. Founder of

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contractual guarantees only CGO which

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means you own an annuity for what it

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will do not what it might do. Today's

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topic is a good one. Timely. I typically

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don't do the timely ones because

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evergreen content you'll you know the

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people that see it two years from now be

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like what? But I thought it's important

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because it's uh it's about annuities and

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the recent midterm election results. So,

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um, first of all, let's just establish

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the facts. And the facts are I am not a

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Republican. I am not a Democrat. I am

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contractual. I am the leader of the

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contractual guarantees only party. And

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yes, I should run, but I don't want to

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take the pay cut. But here's the thing.

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Um, it was it was a wild one. And I

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don't know what side of the aisle you're

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on. You're either celebrating or you're

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not celebrating. Like my sister's

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celebrating uh but then my uh my mom's

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not celebrating. So, you know, they're

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on both sides of the fence. But I think

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it's a good reminder of

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um putting the guarantees in place. And

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I know that sounds a little repetitive

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coming from me because that's what I'm

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all about. But if you had your income

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floor in place, have or had your income

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floor in place with social security, a

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pension, lifetime income annuities,

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etc., or if you had principal protection

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products like multi-year guarantee

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annuities that protect the principal and

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you get a guaranteed interest rate, then

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you weren't as shocked. Now, you pile on

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to those midterm election results and,

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you know, crazy stories about, you know,

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the the wars that are going on, um, you

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know, with leaders of software

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companies, uh, losing their moral track,

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not to mention names and, you know,

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innocent until proven guilty. But you

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see the volatility of markets. You see

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volatility of an AI type trade. You see

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the volatility of politics. You see the

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volatility of just the direction of the

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comp country and where voters want to

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take it. And right now I think that

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voters are um they're anxious. A lot of

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them aren't making it, you know,

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financially. I always tell people, just

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think about this the next time you try

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to flip somebody off on the highway and

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they cut you off and you flip them off.

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Over 60% of senior citizens have less

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than $10,000 to their name total. And

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there's over less, this is the wildest

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stat that I I'm familiar with, over 50%

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of the public do not have bank accounts.

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And during the COVID issue, um, you

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know, when we were trying to get money

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as a as a country to people that really

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needed it during that time, it was very

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hard because a lot of people didn't have

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bank accounts. A lot of people do their

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banking at these big huge gas stations

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like the Bies gas stations or the Gate

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gas stations or I don't know, there's a

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lot of them all over the country. Um, I

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guess it's not Circle K, but you know

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what I'm saying. These big huge behemoth

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um, gas stations, people do their

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banking there. they get money orders,

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etc. So, I think what we're finding out

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in this country, people are people that

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don't have money are figuring out that

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they can try to vote for the people that

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do have money. And a lot of you out

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there, kind of like me, you're a 30-year

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overnight sensation, and you're saying,

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"Wait a minute, Sam. How do I protect

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myself from all of this?" I don't know

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that answer. I do know that annuities

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are contracts and that, you know, for

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nonIRRA type money, you can put your

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money in migas like me and the queen do

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and we just defer taxes and let it grow.

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You also can put lifetime income streams

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in place because in my opinion, lifetime

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income is the ultimate outcome. And if

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you have either principal protection in

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place or lifetime income in place

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for for us, election results were kind

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of interesting to watch, but they didn't

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affect our lifestyle. And I'm hoping

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that you figure out that if you put

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those guarantees in place, elections are

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are not going to affect your lifestyle.

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Now, I think that coming forward, um,

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there's going to with $42 trillion in

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debt and, you know, Washington, both

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sides of the aisle have a spending

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problem. I mean, from the standpoint

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they spend too much. Most of us have a

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spending problem. We don't spend enough,

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but not that's not DC and that's

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certainly typically not the states. Even

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though most of the states have a

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balanced budget that they have they have

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to hit. But the point is, I think that

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things will change and things will be

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interesting these next couple years

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going forward. I want you to think

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through kind of your life from the

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standpoint of how you want it how you

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want to live. If you're in chapter two

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of your life already, great. You need to

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put the guarantees in place. No one can

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call this market and these markets um

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you know the AI trade. We'll see what

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happens going forward. But right now,

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you're seeing some cracks a little bit

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and I think that um the political

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direction of the c country is going to

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go a little bit against that. I hope

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that's not the case, but um it's been

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interesting. You know, I do think that

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you have to be selfish a little bit in

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watching politics. You have to be

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selfish in watching the midterms. How is

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it going to affect you? Now, obviously,

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we care about other people. You don't

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want people to go hungry and and without

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housing and all that stuff, but you've

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worked hard. So, you have to look at

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what you're trying to do. Are you trying

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to protect things for you? Are you

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trying to put things in place

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contractually for your family? I do

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think annuities can help with that and

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certainly would love to speak with you

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oneonone. You go to my site at

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theanuityman.com,

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schedule a call with me. You can run

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quotes anonymously without putting in

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your personal information. And these are

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real quotes, just date of birth, state

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of residence, and gender. and you can

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download books and all that stuff. Um,

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we're very high-tech. It's not me, you

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know, I'm the redneck, but I do have the

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tech there and and uh, you know, the guy

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that runs my company's from Google. And

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we were having a conversation this

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morning just about all of the stuff

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that's going on, whether it's, you know,

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the wars, your war in Ukraine and

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Russia, the Iran conflict, and then

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you're going to have a new, at the time

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of this taping, we're going to have a

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new Congress on both sides, and then in

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two years, you'll probably have a a

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different you most likely have a

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different president. He can't run again.

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But the point is, all of that stuff is

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kind of chatter. If you if you have the

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income floor in place and you have those

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guarantees in place, you can kind of

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watch like you're sitting in the Roman

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coliseum eating grapes and watching the

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people, you know, fight fight fight

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against the tigers. Um, that might sound

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a little class classist as they say. But

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the way I look at it, and I want you to

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look at it, I've earned the right to

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look at life like that. I've scrimped

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and saved and I've I've worked hard for

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decades, just like you. Um, and we're

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going to protect what we have. I do

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think there might come a point in time

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where maybe they the the politicians

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start changing the rules on Roth IAS. It

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might be a time to think about

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annuitizing by an immediate annuity

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inside the Roth IRA for taxfree income

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so they can't claw back that asset or

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tax it. But I I don't think there's a

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lot of places to hide from the

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standpoint of taxation. Um you got to be

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careful with Roths. You got to make sure

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it makes sense mathematically. I mean,

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if you do have some a Roth IRA, you

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might want to think about turning on or

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or putting in place an immediate

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annuity. And that's new for me. You

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know, in the past, I was always of the

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opinion that with Roth IAS, it should be

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just for pure growth. You should just

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look at stock market growth because you

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pay all these upfront taxes to get to

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the Roth IRA. But I do think there the

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politicians will start looking at

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everything to change the rules and see

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if they can get more taxes. So the, you

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know, if there's one thing to take away

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from this, and it's interesting, half

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the half the country would is happy, the

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other half is not happy. But that should

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tell you something. It should be

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something that you watch and you care

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and you vote and you do the best you

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can. But I always say, think of the

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dumbest person on the planet that you

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know, and their vote just nullified

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yours. So you can't take it too serious.

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I would encourage you to shut cable

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television off if you haven't done so

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already. you know, you can catch up on

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politics 5 minutes in the morning just

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checking a couple of websites. Um, you

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don't need to be fixated on that unless

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you're running for office, I guess, or

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unless you're part of those uh political

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um infrastructure parties. But I I would

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rather you focus on you focus on chapter

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2, focus on your family, focus on

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contractual guarantees, focus on how

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much risk am I shouldering, how much

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risk am I transferring because annuities

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are transfer risk products that primary

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primarily solve for four things.

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principal protection, income for life,

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legacy, and long-term care. Do you have

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those in place?

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You know, if you're like me, every day,

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and I'm 62 at the time of this taping,

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but every day I read about people my

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age, and I have teammates that are

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passing away, and you're out there, and

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if you're in this if you're this age or

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older, you're seeing the same thing. I

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just I just want you to live for the

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day. And I know people always say that

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and I'm trying to do that myself and

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enjoy life, but um the midterm elections

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reminded us that we can't control

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things. Um and if you if your side won,

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congrats. If your side lost, it's it's

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going to be okay. We're a strong

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company. Um but I do think it's going to

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be interesting for our company going

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forward. Now, we're preparing for a

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COVID-like response for people fleeing

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to safety. when COVID happened, our

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business just went to the rocket ship,

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hockey stick growth. I think the same

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thing's going to happen. I think people

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are very nervous. Um, they want to make

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sure that they're not going to lose

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money. Um, they're going to protect

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their money. They're going to, uh, put

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the legacy plans in place, put the

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lifetime income plans in place, and for

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us people out there that are married,

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you know, take care of the spouse in

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case something happens to us. Um if it

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does if the if the midterm results

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regardless of what side you're on did

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that for you then great. You know for us

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it just what we're looking at it we're

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saying um let's prepare our site which

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we've done so that you can do 247 365

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business. You can do online applications

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you can do applications with us. So AI

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really means three things to the annuity

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man. AI means artificial intelligence.

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We're using some of that on the site.

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You can see AI also means actual

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individuals. We have the largest staff

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and we're getting ready to double that

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um in this next coming year. I know

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you're saying what? Yeah, we're going to

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double that in preparation for people

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wanting more and more contractual

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guarantees. And then um you know the

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other AI part of it is annuity

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innovation and we're leading with that.

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I give all the credit in the world to um

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Zeke behind the camera and and um who we

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call the truth. The truth is the guy

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from Google that runs the the annuity

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man for me and it's really been

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interesting to see him take it to

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another level. So, the midterm

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elections, they're behind us. You know,

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the the sun came up the next day. You

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know, we're all kind of getting along

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still. You know, I go into Starbucks,

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they still giving me my order. Um,

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but I think I think we need to lessen

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our dependence on, you know, the the

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political cycles and start re

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reconnecting as people and communicating

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as people. So, hey, it was interesting

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to watch. We're going to have another

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interesting run because the presidential

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cycle starts now going into 28. Just

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remember, put your guarantees in place

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contractually with annuities and then

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just watch the show because it is a

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show. My name is Stan the Annuity Man.

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That is Shooting It Straight with Stan.

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We'll see you next time.