How Can An Annuity Help Provide Financial Security During Retirement?

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So Stan the Annuity Man, how can annuity

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provide

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financial security during retirement?

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How can that happen? Great question. Hi

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there, Stan the Annuity Man, America's

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annuity agent, licensed in all 50

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states. I'm going to talk to you about

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how to position annuities correctly.

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There's more than one type and how to

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find that type that will provide the

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highest contractual guarantee for what

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you're trying to solve for. after this.

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[music]

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So let's define financial security. I

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think a lot of people um have different

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definitions of that. I think for

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retirement, financial security primarily

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revolves around two things. Principal

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protection of your money, never losing

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it. You know, as Warren Buffett said,

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rule number one, never lose money. Rule

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number two, don't forget rule number

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one. I like that. It's kind of how I

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roll. And then the second thing is

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lifetime income. So every single one of

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us out there are either taking social

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security or planning to take social

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security. So every single person on the

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planet, not on the planet, in the United

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States with a social security number

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already owns an annuity

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and already owns the best annuity for

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inflation. That's social security,

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every single person.

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So, everybody loves that guaranteed

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income that's hitting every month and

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that's going to pay as long as they're

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breathing. That description is the same

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description of a annuity for lifetime

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income. Annuities are the only product

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that provide lifetime income that you

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can never outlive. Similar to social

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security. I love the people that will

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set an appointment and just, you know,

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try to get under my skin a little bit,

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which kind sometimes happens when I'm

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jacked up on caffeine and they'll say,

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"I hate all the nudity. I'll tell you

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right now, I just wanted to call and

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tell you that." I have guys that do

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that. I'll say, "You [clears throat]

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mean social security?" Well, that didn't

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count. That's not the same thing. Okay.

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And if they stay on the phone long

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enough, I'll say, "Do you get a lifetime

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income?" "Yeah." "Does it pay monthly?"

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"Yeah." "Well, that's an annuity player.

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Don't hypocrite on me, okay? You can't

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hate it. If you hate annuities and

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you're just going to stick your foot in

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the ground, then call Social Security

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and cancel the payments. Just do it.

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It's okay. Or if a if you're getting a

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pension, if you're one of the fortunate

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people out there that getting a pension,

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that's an annuity. Financial security in

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retirement to me is those two things.

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It's either principal protection or

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lifetime income or a combination of the

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two. And there's principal protection

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products in the annuity space like

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Migas, multi-year guarantee annuities,

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the annuity industry version of a CD. I

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call them annuity bonds. You get a

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guaranteed interest rate for a specific

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period of time. If you go to my site at

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theanuityman.com, you can pull those up.

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Don't have to put in any any

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information. Just put in your state of

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residence and the duration and up it

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goes. You see them all. That's principal

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protection,

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not index annuities. Mus index annuities

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is what everyone's going to try to sell

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you, but those returns are not

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guaranteed. We're talking about

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contractual guarantees. You buy an

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annuity for what it will do, not what it

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might do. The contractual guarantees.

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Never buy an annuity for non guaranteed

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return scenarios, hypotheticals,

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theoreticals, projections, back tested,

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all that stuff. And lifetime income,

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which we all need. That's just a

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commodity product. We quote all carriers

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A+ or better for the highest contractual

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guarantee based on your specific

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situation, your income floor. When you

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retire, it's about your income floor.

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When you're thinking about retirement,

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it's about putting in your income floor.

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When you die, it's your for your spouse,

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it's about the income floor. I had a I

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had a conversation with the queen, my

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wife of 38 years the other day about

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income floor, and I'm always having to

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show her the math.

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And the the math's staggeringly good in

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her favor. I'm like, this is what you

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would have to spend every month

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for the rest of your life cons thinking

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that you're going to live 35 years. So

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this is 35 years every month. This is

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what you have to spend. And if you don't

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spend it that much, it rolls to the next

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month and adds to that.

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And finally, she looked at me after I've

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been trying to show her that, but it hit

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me the other day. I'll tell you what

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happened, how it hit. But when I showed

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her that, she goes, "Well, that that

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that makes me feel that makes me feel

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good." I said, 'You think? But I had to

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do that with my mom. You know, my my dad

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died and I had to go to my mom and I

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said, 'Okay, mom, here's what's coming

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in. And by the way, my mom's not my

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client. Trust me on that one. She's a CD

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buyer and good for her and she has a

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pension from the state of North

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Carolina. But I said, "Hey, if you spend

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X amount per day for the rest of your

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life, you'll be fine. You won't touch

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the principal. You'll be good. What if I

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don't spend that? then it rolls to the

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next day. She goes, "What if I don't

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spend that?" And this and it rolls the

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next day. I need you to think like that.

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Okay?

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Financial security in in chapter two of

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your life. And chapter two is about you.

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It's not about anybody else. You've been

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putting everybody else in front of you

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until now. And a lot of you have what I

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call a spending problem. My wife calls

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it the scars of scarcity. We've all all

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been someplace where in our lives where

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we didn't have any money. We didn't know

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what the hell to do. We really didn't.

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Well, we figured it out,

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but you still have those scars. What I'm

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asking you to do, retirement

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security, financial security in

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retirement, it just revolves around

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principal protection and lifetime

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income. If you have enough money to not

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buy lifetime income products and just

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take the interest off top of Migas and

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never touch the principal, then do it. I

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mean for me I don't know how much longer

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I'm going to work but I told the queen

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you know we have enough in my you just

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live off the interest you're fine now

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what I have done with my two daughters

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30 30 and 28 when I die there will be

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immediate annuities purchased for them

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so they don't get the lump sum and buy

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the Bentley and the Rolls-Royce

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but again annuities are tools they're

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contractual tools to provide financial

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security those immediate annuities for

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my daughter will provide financial

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security. Those migas for my wife will

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provide financial security. That

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lifetime income stream for you will

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provide financial security. And that

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financial security is contractual. It

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has nothing to do with the markets. It

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has no hypotheticals or theoreticals.

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It's a contractual guarantee. With some

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of the biggest companies in the world,

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someone asked me the other day, "Hey,

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uh, Stan, what happens if this A+

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carrier goes out of business?" I said,

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"Hug your loved ones. Love the one

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you're with. It's over. It's a wrap.

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It's kind of like that tsunami you saw

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the other day or whatever that ice I

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mean check the time of this taping. It's

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a little evergreen would be fun. But in

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Nepal, there was a flood. Something like

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an iceberg. You know, an iceberg broke

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off and created this flood. Look it up

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if you haven't already seen it. If you

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haven't if you've seen it, you know what

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I'm talking about.

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That's what happens when an A+ company

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comes goes out of business.

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Just turn and hug somebody. Kiss them.

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because right on the mouth it's over.

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[laughter]

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I want you to have financial security in

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retirement. Annuities can provide that,

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but other products that are not

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annuities can provide that. AAA munis,

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treasuries, CDs, money markets, you

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know, there's some good products on the

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non-anuity side that are guaranteed.

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But for lifetime income, annuities have

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the monopoly on that. It's the only

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place to buy a pension. Where do I

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borrow pension? Annuities. Well, I hate

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annuities. I understand that. That's

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where you buy it. Well, I really hate

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them. You mean social security? Well,

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that didn't count. Yeah, it does. It's

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like

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the best marketing schools in the

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country. I don't know who those are

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because I would have never gotten in

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unless I play I mean, I played

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basketball. They didn't recruit me. But

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the point is

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they are going to study the complete

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debacle decisions of the annuity

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industry to not focus on lifetime

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income. I'm going to change that. I

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promise you I will change that or I'll

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die trying. That'll be on the AI. What

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did Stan the annuity man die of? He died

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trying to convince that annuities were

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for lifetime income and people should

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focus on solely on that. If that's what

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AI says, all good.

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and then it'll be dot dot dot. Plus, he

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was kind of goofy and did a lot of

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videos. Hey, one last thing. There's a

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video that I did um

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on our new calculators, like how to use

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annuity calculators. I'm proud of this.

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We're the only ones to do this, but you

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could run quotes 247 365 and not have to

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put in your name, email, or phone

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number, or your fictitious name, your

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fictitious email, or your fictitious

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phone number. You don't have to do that

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anymore. You can use my site 24/7365.

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Put in your date of birth, gender, and

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state of residence and get the quotes.

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My board of directors, I think one of

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them had a threw a clot. One of them had

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a brain aneurysm. One of them grabbed

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his chest. I'm like, just stop. And the

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hate mail validates the decision from

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the industry. What are you doing giving

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it away like that? People need to, you

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jump through some hoops to get those

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kind of quotes. Who said? Where's the

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rule? Last thing, and I'll leave you

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with this. There's a virtual Stanley on

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my site. You're saying, "Wait a minute,

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Stan. They they created you virtually."

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Yeah, kind of. It could be a dream for

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some of you. It could be a nightmare for

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most. But the point is, you can get

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answers from virtual Stanley like

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talking to me. How about that? You, as I

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say, you know, Jimmy Dean Sausage, Jimmy

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Dean Sausage, he's been dead for about

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10 years. They sell a crapload of

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sausage, no pun intended. Same thing

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with the annuity man. We're setting it

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up to where it's virtual Stanley.

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There's all kinds of things. There's

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2,000 videos. I'm not going away, man.

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You know, as I told my uh daughters, I'm

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like, "Somebody's got to manage this cuz

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uh the brand's going to be here for a

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long, long time, and I'm going to shoot

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these videos till I keel over, throw a

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clot, as I say. My name is Stan the

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Annuity Man. See you next time.