Early Income Annuity Plan

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Hi there, Stan the Annuity Man, America's annuity agent, licensed in all 50 states,

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America's top agent and the tallest, 6'6". All you guys out there trying to sell

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annuities that are like 6'9", forget about it. I'm talking about 6-6-6 with some credibility and

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some stats. Early income retirement planning, early income annuity planning. You're young,

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you're vibrant like me, and you've retired or you're thinking about retirement. You're like

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in your 50s or your 40s, for heck's sake. Can you retire with annuities?

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The answer is yes. But I'm not going to tell you the answers until after this.

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Alright, so, I walk in this morning, and the people behind the camera, who are just geniuses,

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I mean, they're unbelievable. It's Big C and Dr. V. But I asked Dr. V, who stands for Venezuela.

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I said, "How's Argentina, player?" He's like, "I'm from Venezuela, dude." I went North Dakota,

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South Dakota, you know, North Carolina, South Carolina. But I'm assuming Dr. V from

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Venezuela's going, "There's a difference, player." I understand. I'm a little geographically

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challenged, as they say. So, other thing, too, is Big C was like, "Didn't you mean to say 5'9"

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instead of 6'9"?" No, actually, you know, I've been just kidding around. I am the top agent in

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the country, but I also say I'm the tallest. So, I had some jack wagon from wherever. Pakypy go,

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I'm 6'9" and a half and played for Buffalo. And I say, I don't care. You've probably sold like

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three annuities. I'm having fun. Okay. If I say I was like the strongest or I had the best six-pack

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abs, would you question that? No, you would not question that. Early income annuity planning or

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planning for annuities when you're young. Can you do that? What's the tax ramification? Stan the

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Annuity Man. Well, first of all, I don't give tax advice. You need to see your CPA and tax

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lawyer. But you can buy lifetime income. There are some products that you can do that with.

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Let's say single premium immediate annuities, the granddaddy of all annuities, the transfer of risk

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to the large annuity companies, A++ or better, in most situations, is a pension. No moving parts,

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no market attachments, no annual fees. It's a straight transfer of risk that's going to pay

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for as long as you are breathing. And when your Learjet hits the mountain, we can structure it so

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that 100% of the money goes to your family and not the evil annuity company. If you have daughters

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like I have, 29 and 27, now you're saying, "No way, Stan." No, it's true. I've set it up to where

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they get all the money, but they get it in payment form, so they don't buy the Lamborghini with cash.

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So, you got to be careful, though, with annuities. The IRS and our friends there, they have a rule

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that with annuities, unless structured properly, if you take money out before you're 59 and a half

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years old, and please don't ask me who came up with 59 and a half. I have no clue. You know, I'm

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envisioning this room of politicians going, "What do you think it should be? 58?" Nah, that sounds

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crazy. How about 59 and a quarter? Nah. What do you think about 59 and a half? Perfect. I mean,

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who comes up with that? But only politicians. But the reason that's key is if you don't structure

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it correctly and you start taking income or distributions from an annuity before you're 59

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and a half, the IRS goes, "Thank you very much." That'll be a 10% penalty every time you do that.

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Now, the IRS, and I read their, I guess, isn't that a manual? No, it's not a manual. It's like

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their code. And one of the codes in the IRS book, when I'm reading it at night with the jazz playing

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slowly in the background, is a section called 72(T). 72(T), in English, means if you structure it

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for like a lifetime payment or series of equal payments, then the IRS is going to look away.

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That's the IRS right there. Look away. And they're not going to incur that 10% penalty. So, yes, you

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can do that. But be very careful if Johnny AppleSeed agent says, "Hey, I got this annuity, gets a

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bonus and the thing and this and that and up and this and it's the best thing since sliced bread

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and I love sliced bread." If he says something like that, you got to go always with these type

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of situations. Even if you work with mwah, that's French for Stan the Annuity Man. We're going to

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work in conjunction with your CPA and tax lawyer. They have to bless it. That's an annuity blessing.

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They got to bless that strategy so that you're not going to get in trouble with the IRS. Now,

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we've been to the annuity rodeo before. So, we have no problem with that, pointing out

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the law and helping your CPA and tax lawyer if they have some affliction to the word annuity,

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but we can structure it like that. So, let's go backwards a little bit. You can do this. You can

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have a lifetime income stream if you're pre 59 and a half. First of all, I'm going to ask you,

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tell me again, why you're wanting to buy a lifetime income stream this early in your

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life? Because remember, annuity lifetime income payments, regardless of the type of annuity,

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are primarily based on your life expectancy or life expectancies if joint at the time you take

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the payment. The older you are, the higher the payment. Eerily familiar to the other annuity

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you own, Social Security. So, I'm going to have to listen to you go, "Hey,

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player, you got like 35 years of life expectancy. Why are you buying a lifetime income stream?"

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And you might say, because it's a proven thing to do and I'm a very smart person and I went to MIT

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and Stanford and got triple degrees. That's fine. I still want to know why. If you just want to say,

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okay, I had a guy the other day that I was on a live event, and he's like, I'm worth 25

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billion in crypto or some nuts thing like that. I'm like, okay, player, email me. He did. He's

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worth some money. I mean, he's liquid, as they say. And I said to him, here's the good news

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about a lifetime income stream 59 and a half. I mean, it's a lifetime income stream. You're never

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going to outlive it as long as you're breathing. You're transferring that risk for longevity. But

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the downside is you're young, and they're not going to give you that whisbang deal because it's

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about your life expectancy. So, in conclusion, be careful. There are ways to structure it so that

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the IRS does not penalize you pre 59 and a half, but just put it in your head and think about those

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politicians at the table going, "Hey, man, 59 and a half, that's it. That's the one. That's the

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number. That's the bogey. That's it. That's what we're going to do." Don't know how that happened,

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but that's the rule. That's the rule the IRS follows, and that's the rule that you have to

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be aware of. But if you're going to solve it, we're going to solve it using the 72(T) rule with

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the IRS. That's if, I guess, if you go to section 72 in the IRS code book and look for T. It's under

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there. I don't know. But that's what it is. And it says equal pay. It's pretty detailed, but I'm

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going to put it in English or Stanglish, as they say. Did you know that was a language see, Stanglish?

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It's Stan the Annuity Man in Southern English. It's a series of equal payments over a

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period of time of which the IRS then, remember annuity blessing, they'll bless it so that 10%

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penalty won't occur. Bottom line, you need to go to my site, theannuityman.com. Schedule a call.

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Underneath the schedule call button, it says free consultation. What does free mean? That means you

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don't pay anything and you get to run this by us. And oh, by the way, this is a whisbanger,

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as they say, see. I oversee all cases. I literally do. We have thousands of cases run through. I'm

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always looking and looking and reading and looking and reading and looking. Even though everyone in

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our building's licensed in all 50 states, I want to make sure we get it right. I want to make sure

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if there are any specific cases like this that are really kind of, as they say at Stanford,

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funky, then I'm going to get involved. Okay? One more thing. I want you to do me a favor. You know,

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you can hit subscribe if you want to and like and put comments and all. You can do all that.

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But above my head, magically appearing above my head, and it's going to count down, you're going

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to be able to click a video that explains how the process works if you did make a decision to buy an

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annuity with the Annuity Man. No, that's not being presumptive or assumptive or a hammer looking for

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a nail. But if you want to know how the process works, click that video. See you next time.