Have Your QLAC Cake & Eat the RMDs Too!: 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 and Puerto PTO Porto

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Puerto Rico. Founder of CGO contractual

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guarantees only. You own an annuity for

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

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encourage you to go to my site at

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theanuityman.com. You can run anonymous

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quotes. Just put in your date of birth,

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gender, and state of residence. Get real

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quotes. Only site that does that because

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we're not going to sell any of your

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information like the other sites.

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Today's topic is a very very good one,

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fun one, interesting one. One I'm going

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to explain. It's called Have your QAC

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cake and eat the RMDs too. Yes, have

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your QAC cake and eat the RMDs required

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minimum distributions too. Qualified

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longevity annuity contracts. Great,

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great product put on the planet in 2014.

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introduced by actually the department of

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the treasury and the IRS together

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working on that wise stand. Why would

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they do that is because social security

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the best inflation annuity that you

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already own it was never put in place to

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be the sole source of lifetime income in

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chapter two of your life. So, what the

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Treasury Department and and the um IRS

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said, "Let's put something out there

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that allows people to use their

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traditional IRA type money, 401k, IRA,

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403b, 457, things that's been deferring

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and they can use that for lifetime

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income and they can add their spouse for

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lifetime income."

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Oh, and Bob, but but I'm sure the median

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like, "But yeah, but you got to give

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them more incentive than that." And they

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did. So what they did is the amount of

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money that you put into a QAC at the

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time of this taping is $210,000

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dollars per person per IRA, you know,

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per person's IAS.

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But check the time of the of the release

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because I will guarantee you it's going

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to go higher

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because it initially started out at 125.

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So they're going to keep raising it

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because they're they have to incentivize

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people to take lifetime income. And my

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conspiracy theorist, not really

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conspiracy, it's just common sense.

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Eventually, they're going to means test

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social security. I know you said, "Let's

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play. I paid into it, Stan. That's just

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not fair. I don't care about fair." I

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mean, they don't Well, I care about

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fair, but they don't care about fair.

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Politicians going to call you the evil

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rich. You don't think you're the evil

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rich? You're the evil rich. You are.

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Well, I'm not. I only got this amount.

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Well, guess what? 60% of senior citizens

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have less than $10,000 to their name. Is

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that you? No, that's not you. 54% of the

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public don't even have a checking

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account.

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I mean, during co we the they had a hard

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time getting money to everyone but the

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fraudsters because they there was a

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checking account. Frosters knew how to

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open a checking account. Boy, what a

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mess that was. But qualified longevity

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annuity contracts are fantastic because

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you can take your traditional IRA

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and add your spouse for joint life

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income. And we could structure it so

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that 100% of any unused money goes to

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the beneficiary and the evil annuity

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company never keeps a penny even though

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they're on the hook to pay if the income

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starts.

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So you're transferring the risk to the

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life insurance company issuing the

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qualified longevity annuity contract QAC

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and we structure so they never keep a

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penny of it even though they'll pay you

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forever or if your spouse lives forever

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they'll pay them forever. And the amount

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at this time of this taping, the 210 is

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deducted

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from your required minimum distribution

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calculation. So it lessens the taxes on

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your RMDs.

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So yes, you can have your Q- like cake

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and eat up the RMDs as well. Is it too

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good to be true? No. But I was having

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fun with the title.

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I was at a dinner the other night and um

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with a with a leader in the industry,

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kind of a competitor, but I don't look

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at them like that because we don't have

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competitors yet.

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The private equity people are coming

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because they see what I'm doing. But

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this person, smart, smart, fun, like

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them, looks me in the eye and they've

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been in the business. They're running

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one of my competitors. looks me in the

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eye and says, "Can you explain a QAC to

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me?" And I went, "What?"

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I mean, that's like someone on Wall

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Street going, "Can you explain a MUN

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bond to me? You're in the financial

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business. You're in the annuity

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business." But it made me think, and I

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told the person that runs my company, I

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said, "You know what? I bet you 75%

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of all annuity agents in the country do

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not know what a qualified longevity

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annuity contract is. Do not know that it

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would lessen your RMDs. Do not know that

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you can use it for lifetime income,

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joint lifetime income with your spouse,

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even though it's your traditional IRA.

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They just don't know. Now, they're

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either lazy, stupid, or they don't want

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to sell a very proconsumer product at a

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very low commission.

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But the fact that these people don't

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even know what it is and it's been put

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out since 2014 and we've sold a

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quadrillion of it blows me away.

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Now

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at the time of this taping and check the

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date of the post should be quick.

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Life expectancy tables have not been

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affected by artificial intelligence.

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artificial intelligence is fastly

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[snorts]

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I guess that's a word quickly shortening

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the life expectancy tables or or

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lengthen life expectancy tables because

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they're shortening the medical

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breakthroughs. So they're shortening the

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medical breakthroughs which means that

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the life insurance companies issuing the

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culax are eventually going to say hey

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there's so much medical breakthroughs

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you're going to live longer which means

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the payments will be longer which means

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the payments will be lower. I know that

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took a long time to get where I'm

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getting ready to go. Actuarial tables

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right now, life expectancy tables right

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now are in your favor. And that's not a

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sales pitch. That's a fact.

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Lock in pre- artificial intelligence

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life expectancy tables. Interest rates

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don't play here, player. Well, I'm

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waiting on the Fed stand. You're dummy.

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Okay,

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come on. I want you as a client, but I

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want you rational. Annuities are not

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like the market. Annuities are not like

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bonds. Annuities are not like ETFs.

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Annuities for lifetime income. It's

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about your life expectancy. It's a

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transfer of risk that the annuity

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company is going to pay for as long as

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you're breathing. Interest rates play a

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minor role.

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It's about life expectancy. And because

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it's about life expectancy and life

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expectancy tables are at ancient levels

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and haven't been affected by AI right

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now, it's time player, it's time to go

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to my site and run QAC quotes. And when

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you go to my site to run QAC quotes,

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theanuityman.com,

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you do not have to put in your name. You

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do not have to put in your email

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address. You do not have to put in your

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phone number. All you have to put in is

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your gender,

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your state of residence. Okay, think

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about that. and your date of birth.

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That's it.

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No email, no phone, no name. And you get

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the same quotes. Stan, wait. Why is

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everybody doing that? Because they're

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selling your name. Anybody that's asking

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you for all that information,

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most likely can't prove it. My opinion,

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they're selling your name because you

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know why? Because they get $150 to $300

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per name. That's the going rate. Hello.

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Hello. So go to my site, run anonymous

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quotes, go to my site, look at a QAC.

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You can defer a CQAC out to as far as

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age 85 to start the income, but you

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don't have to wait that long. A lot of

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people go, "Well, I don't want to wait

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to 85." You don't have to, player. You

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can start it as soon as you want.

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Just remember the od the higher the

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payment. Well, see, yeah, I mean, the

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payout at 85 was a lot better than 77.

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You think

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for whatever reason, Social Security is

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the best inflation annuity on the planet

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you already own. And everybody,

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everybody, everybody knows that the

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payments are higher at 70 than at age

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65. The payments are higher at age 70

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than at 67. The payments are higher at

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age 70 or 68 than 62.

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Why? Because you're older. Why? because

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you have less life less life expectancy

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at age 70 which means the payments will

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be higher because there's fewer of them

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but yet we get to to the annuity side

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people well can you time it how they do

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it the od the higher the payment

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what I'm telling you is culs you can

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kill two birds with one stone you can

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have your culac cake and eat the RMDs up

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at two how about that you can do it

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lifetime income as part of your income

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floor.

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Okay,

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RMDs are going to be part of your income

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floor as well,

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but Ulax can lessen those, lessen the

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taxes on those, and you're getting a

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lifetime income stream from the Ulac.

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It's a great product. Ulacs are a great

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product. They're a proconsumer product.

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Even though all annuity commissions are

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built in, these are low low commissions.

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That's why you don't hear about it.

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That's why there's no QAC seminars at a

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steakhouse. There should be if I ever

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did if I I would never do a seminar

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[snorts] cake. You know why? Because my

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mom would show up. Um not kidding.

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But if if there were people doing the

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right thing, it would be a culac

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seminar.

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But I guess then they'd just be serving

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coffee and you know donuts or something.

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Not a filelet mgden as my mom calls it.

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That's filet man to us other people.

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Culac you can you can you can eat your

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culac cake. No you can have your culac

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cake and eat your rmds too.

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You can get a lifetime income stream and

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you can lower the taxes on your RMDs.

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Translation.

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Go to my site run the quotes. I've even

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written an owner's manual on QEX that

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you need to download for free, of

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course,

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and I've done a few videos on ULEX as

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well.

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But these are great products even even

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with the Treasury Department, the IRS

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being the the founders of it all. It's

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good. It's good stuff.

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You better put it in place before they

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means test social security. That's

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coming. I'm telling you, this just has

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to happen. All right.

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My name is Stan the annuity man.