Can I Buy A Pension Annuity With Savings?

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So, can you I buy a pension annuity with

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savings? Hi there. I'm Stan the annuity

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man. Stan knows. If you don't believe

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that, I wear t-shirts that say that. The

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old boss Nike campaign. I'm America's

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annuity agent licensed in all 50 states

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of Puerto Rico. But uh we're going to

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talk about the benefits of using savings

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to buy a pension annuity and why you

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should do that, how you should do that,

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how you should go about doing that in a

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proper manner to get the highest

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contractual guarantees in the country

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for your specific situation.

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Sounds like a plan. Sounds like a darn

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good plan. Stan the annuity man.

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Exactly.

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[music]

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All right. So, first of all, buying a

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pension annuity, we're talking about a

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single premium, immediate annuity, a

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deferred income annuity, qualified

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longevity annuity contract, and income

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writers. Those are the four types that

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provide lifetime income. Those are

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pension annuities. They're going to pay

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for as long as you're breathing. If you

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set it up joint with the spouse, as long

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as one of you is breathing or on a

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respirator. Okay? Um, but you can use

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your savings to do that. You can also

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with everything but a CQAC. QAC can only

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be used with traditional IRA money, but

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but all the rest can you can use Roth

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IRA, traditional IRA, nonirra savings,

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which is what we're talking about. So,

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let's talk about just using savings

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accounts, checking accounts,

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nonqualified as they say in the

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business, nonirra.

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Um, the good news about that is with all

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pension annuity products,

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the the income stream that you're going

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to receive is a is a combination of

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return of principal plus interest. Let

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me say that again. So, with an immediate

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annuity, if you said to me, Stan the

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Annuity Man, America's annuity agent, I

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need a lifetime income stream with an

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immediate annuity to start as soon as

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possible. That income stream is going to

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be a combination of return or principal

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plus interest, but the annuity company

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is on the hook to pay for as long as

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you're breathing, even if there's

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nothing left in the account. I'm going

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to pause there. I want you to process

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it. Okay? When you're using savings type

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money, checking account type money,

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nonIRRA type money. So, you're getting

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you're getting return of principal plus

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interest, you're only paying taxes on

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the interest part of the lifetime income

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stream. So, let's just say we run the

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immediate annuity quote. This is an

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example, okay? And you can go to my site

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and run them yourself. Theanuityman.com.

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Let's just say you're getting a $5,000

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income stream per month the rest of your

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life. 4,000 is return of principal.

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1,000 is interest. So you're getting

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5,000 a month, but you're only paying

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taxes on the 1,000.

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Does that make sense? Okay. So you do

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that, you live forever and the account

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draws down to zero. At that point in

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time, then all of it is taxable, but

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they're still going to pay for as long

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as you're breathing. Now, you also can

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structure it so that 100% of any unused

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money goes to your beneficiaries. I call

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these back stops, lifetime income back

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stops, like when you literally like you

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had the back stop behind you where the

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ball didn't roll down the hill. Okay? In

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this case, we can put the back stop in

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place so that the annuity company never

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keeps a penny, but yet they're on the

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hook to pay for as long as you are

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breathing.

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Because a lot of people, I'm one of

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them. I've worked hard. I came from

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nothing. Had no money when I started and

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here we are. I don't want to give that

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away. Even though there's a higher

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payment for life only. You know, bus

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hits you day two, money goes poof. But

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99% of the people don't do that. 99% of

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the people put a backs stop in place so

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that money will be there for the

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beneficiaries if you die early in the

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policy. But that's buying a pension.

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All right? You already own the best

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pension in on the planet. Social

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Security is the best immediate annuity

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on the planet because it solves for

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inflation because the inflation

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component is a political football, not a

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contract, not a actuarial football. And

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and I'm contractual, so I'm looking at

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the contractual guarantees.

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We can also add cost of living

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adjustment writers increases to that

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pension that you're using with your

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savings money, but know that the annuity

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company doesn't give that away. Visual,

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here's the annuity, pension annuity

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without the increase. Here's the same

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the same one with an increase visually

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for the people listening. I got one hand

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above my head and one hand at midchest

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level to show the difference. Typically,

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it's a 7 to9 year break even point. You

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can put it on there if you want. It

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doesn't mathematically work to me. But

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if it feels good to you, then we can do

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that. But yes, you can do that. Now, the

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process we handle that the annuity man.

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We we're licensed in all 50 states in

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Puerto Rico. We represent pretty much

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every single carrier out there. We take

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care of the paperwork and the money from

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your savings never never goes to us. It

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goes directly to the annuity company

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directly. You can either wire transfer

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it or FedEx exit. We pay for both. Okay?

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So, you're not out of pocket. So, we

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would do the we would do the paperwork.

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We would get the policy number. We would

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move the money from you, your savings

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account, to the annuity company that

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provided the highest contractual

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guarantee that you agreed upon.

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Never touches our hands. Never comes to

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our office. Goes directly to the annuity

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company and we handle that. And I have a

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full staff in my Las Vegas headquarters

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that all all of them licensed in all 50

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states. Not not one of them is on

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commission. So, their incentive is to

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get this done for you.

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So, let's go. Let's let's take one more

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detailed stab at this. So, you're

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looking to possibly buy a pension

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annuity using your savings account,

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nonirra, non-qualified checking account

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type money. What I need you to do is

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look at your income floor. Look at what

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what's coming in every month. What's

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your social security, dividend stocks?

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If you have rental houses, whatever is

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coming into that account every month,

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then tell me what what's the gap. What

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gap do you need to fill? Let's just say

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you have $4,000 a month coming in from

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everything and you need an additional

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thousand. Let's solve for the additional

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thousand. Let's run a reverse engineer

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quote with all carriers to solve for the

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1,000 using the least amount of money.

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You can do that at my site as well or

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you can have us do it. You can have me

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do it. stantheanuityman.com.

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That's the way I want you to think.

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What's my income floor? What's the gap

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that needs to be filled? What's that

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pension uh that I need to add in

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addition to social security and

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everything else? That's how easy it is.

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You own an annuity for what it will do,

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not what it might do. I think the

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conversation that we will then have to

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have is how do you want to structure it?

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Is it your life? Is it joint life? Do

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you want to backs stop on it? How do you

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want to do that? We can customize that

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pension for you. There's no

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one-sizefits-all. The the local person's

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going to try to show you a

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one-sizefits-all. Doesn't exist. It's

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crap. They're lazy. They're only showing

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one product. We represent all carriers

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and look at all products and have no

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bias toward one product or carrier. We

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don't care who provides the highest

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contractual guarantee after you answer

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two questions. What do you want the

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money to contractually do? And when do

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you want those contractual guarantees to

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start? Stan the Annuity Man has made it

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that simple. Why? Because simple's good.

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That's what my wife, she goes, "You're

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so simple." And I take that as a

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compliment. I really do. Do me one last

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favor. Go to my site, like I said,

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theanuityman.com. You can download books

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for free, run quotes, watch videos, get

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educated, okay? You can also schedule

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call with me. Um, if you don't get me,

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demand me if you want me. If you want to

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run for the hills from me, that's fine,

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too. I have licensed people there

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that'll talk to you as well. But watch

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this video. There's a spinning clock up

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there. And I did a video on the

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commoditization of annuities. Why

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annuities are all commodities. Why

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annuity should be shot with all carriers

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to provide the highest contractual

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guarantee. I always say you need to look

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at the number and the rating. The number

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and the rating. The number and the

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rating. The number and the rating. And

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then my recommendation. That's the

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formula. And from that formula, you're

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going to get the best solution for your

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specific situation. My name is Stan the

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Annuity Man. And as they say in the

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business, Stan knows I really do.