Annuity Guarantees Don’t Change With Account Types: 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

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in all 50 states of Puerto Rico, the

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founder of Contractual Guarantees Only,

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CGO, which means you own an annuity for

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what it will do, not what it might do. I

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know what you're saying. Hey, Stan, what

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happened to your sweatshirt, son? Hey,

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this is plan. This is um distressed.

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Like, if you distress this, this is

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distressed sweatshirt. Worth a lot of

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money. If I tore a hole in it, double

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the price. It doubles the price. I know

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you don't believe that. Hey, if you got

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kids and they bought the holy jeans with

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the holes in them brand new, you're

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like, "Yeah, I guess he's right a little

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about that." All right, today's topic is

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annuity

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annuity contractual guarantees do not

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change with account types. Easy for me

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to say. Let me tell you the reason I say

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this is because I get calls all the

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time. Well, first I get calls like never

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buy an annuity inside of an IRA. Well,

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most annuities are purchased inside of

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an IRA. Why? Because that's where all

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the money is and people buying the

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contractual guarantees.

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So, SPSD issu income writers for

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lifetime income multi-year guarantee

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annuities for principal protection. All

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of those are contractual guaranteed

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products.

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All of those the contractual guarantees

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don't change regardless of the type of

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account that you use. All right? So, you

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have the traditional IRA. So, you can

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you can buy an income writer, you can

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buy a qualified longevity annuity

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contract, you can buy a deferred income

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annuity, a single premium immediate

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annuity, anything in there, you can buy

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that. You know, the key one this one is

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they have a unique annuity. they meaning

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the I traditional IRA qualified

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longevity annuity contract.

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It can be used in traditional IAS for a

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pension type payment and there's some

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good things that can happen with your

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RMDs meaning you're going to pay less in

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taxes.

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So that comes out of an I the

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contractual guarantees are the same. The

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taxations you're going to be taxed at

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ordinary income levels. Anything coming

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out of your IRA nothing changes there.

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So let's look at Roth IAS. You can buy

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multi-year guarantee annuities, single

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premium immediate annuities, deferred

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income annuities, qualified longevity

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annuity contracts, you cannot buy in a

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Roth income writers, you can. I went

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there just went quickly just to see if

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you're paying attention. Qualified

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longevity annuity contracts, Q means

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qualified means IRA. Traditional that

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can only be used in traditional type

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IAS. All right, Roth IAS, you've already

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paid all these upfront taxes because

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you're a true patriot and you want to

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pay taxes. You want to pay a lot of

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taxes and you trust the government that

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they're not going to change the rules

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down the road.

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Gotcha. Um, hope that happens, by the

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way. But the contractual guarantees

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don't change inside of a Roth. Just the

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money coming out is tax-free

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until the politicians change the rules.

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Hope they don't. So let's then go to

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nonIRRA, non Roth IRA, checking account

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type money, what we call non-qualified,

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but checking account, savings account

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type money. Of course, you can't buy a

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qualified longevity annuity contract in

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there because Q means IRA,

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but everything else you can buy inside

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of that. SPAS, DAS, income writers,

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multi-year guarantee annuities.

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Hey, by the way, if you're if you're

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thinking, why didn't he mention in index

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annuities? Because I don't like them at

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their current state. I know everyone

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tries to sell you one. They don't work.

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We only use them as a delivery system

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for income writers.

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So, you in essence have three major

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account types that you have money in to

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choose from to purchase an annuity

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contractual guarantee after asking

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yourself and answering the two

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questions. What do you want the money to

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contractually do? And when do you want

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those contractual guarantees to start?

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And then look at the pill acronym that I

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have. It's principal principal

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protection, income for life, legacy, and

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long-term care. If you do not need one

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of those to be solved for contractually,

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you do not need an annuity. Please do

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not buy an annuity for growth. Please do

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not buy an annuity for market returns.

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Please, please, please.

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Annuities are for contractual

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guarantees. Annuities are commodities,

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but we you can use them in all account

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types. The contractual guarantees are

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the same. The only thing that changes is

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the taxation of the money coming out.

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But don't walk around going, "Well, I

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can't buy an annuity inside of an IRA

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because my buddy down the road said I

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can't." Stop listening to him. Okay?

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When you buy contractual guarantees

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inside of an IRA, it's the contractual

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guarantees. Who cares? You've already

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got tax deferral.

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Roth IAS in a perfect world that I live

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in, I try to live in my opinion, this

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that should be where your growth should

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be, like your your non-anuity assets.

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You've already paid all these upfront

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taxes. Why not take some risk and try to

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make some real money?

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But the answer is yes. If you said, "But

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Stan, I want a lifetime income stream

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that that I don't have to pay any taxes

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on that's taxfree because I've already

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paid all the upfront taxes to convert it

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into a Roth." You can do that. We have

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thousands of clients that do that that

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want to buy an immediate annuity inside

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of a Roth IRA or or they want to buy a

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multi-year guarantee annuity and take

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the interest off the top. MAS are the

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annuity industry version of a CD and

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take the interest off the top taxree.

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You can do that.

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Chapter 2 is about you. You can do

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whatever you want. I'm just saying in

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the perfect world that I live and you

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can only imagine how wonderful that is.

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Roth IRA should be used for real growth.

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If you have growth components in your

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portfolio, that's where they should be.

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In my opinion, having worked with Dean

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Whitter, Payne Weber, Morgan Stanley,

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UBS, been on that side of ledger, done

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it, know it. No more than your Johnny

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Apple Seed adviser throwing darts at it.

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No more. Okay.

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And then on the nonIRRA side, certainly

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you can buy an annuity using your cash

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money, your checking account money, your

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savings account money. That's where mine

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that, you know, people say, "Well, Stan,

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what do you do with your money? I bet

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you just sell annuities and you never

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buy one. No, that's not right. That's

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not true. The vast majority of me and

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the queen Christine been married for 38

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years. Our money mas

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and nonirra accounts. Why? Because I'm

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an entrepreneur and most of my money

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went into the company in the early

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years, not an IRA.

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If you're an entrepreneur out there, nod

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your head. I mean, you know, you're

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taking risks. You're throwing throwing

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the rolling the dice with an overhand

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start and a running start, right? You're

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I mean that's how you're doing it. Did I

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say that right? Yeah. You're rolling the

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dice with a running start throwing it

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overhand. That's entrepreneurism. But

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what that also means you're not

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contributing a lot to 401ks or IRA or

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things like that. I remember for so long

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I had 401ks for my employees and I never

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participated. I never took a salary

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because all the money is going back into

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the business. So all of our money as a

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families and and migas lots of it lots

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of money and mas but that's where it's

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at.

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But annuity contractual guarantees, the

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guarantees, the numbers don't change

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just because you put it in an IRA. Had a

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guy call the other day, hey Stan, can

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you run me a quote blah blah blah in an

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IRA? Sure, absolutely. And then calls

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back, hey, run me that quote in a in a

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nonirra because is it different? No,

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it's not different. It's the same.

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The taxation might be different

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depending on the product you choose, but

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the contractual guarantees are always

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the same regardless of the account type

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that you use.

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All right, pretty basic stuff, but I

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want you to understand that because

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there's a lot of misinformation out

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there over the years. Annuities are

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still the curse word in the financial

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financial business. I was talking to a

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guy today, really smart guy in the

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business. I'm like, this is such an easy

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fix. I'm going to fix it within the next

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5 years. Check the date here. I'm going

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to fix the messaging with annuities, the

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industry. I am I know how we're going to

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do it. I know how much money it's going

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to cost me a lot, but I'm going to do

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it. And you'll see the annuity business

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triple because if people understood how

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good the contractual guarantees are,

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they would be flocking, running,

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sprinting

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to get the highest contractual guarantee

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for their situation. All right, my name

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is Stan the annuity man. That is

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shooting it straight with Stan.