How Do Annuities Work For Retirement?

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Hi there, Stan the Annuity Man,

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America's annuity agent, licensed in all

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50 states in Puerto Rico. Um, people are

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still saying, "Stan, what's that thing

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on your chin? Is that a goatee? Stan,

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what what is that?" No, that's the

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annuity goatee trademark. Um, I told my

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wife the other day of 38 years the

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queen, I said, and she's seen all kind.

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She's seen mohawk. She's seen the whole

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thing. So, I told her, I said, um, you

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know, I'm going to grow it long and then

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dye it red. And then she's like, oh my

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gosh. But, you know, why not? Great

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story about that before we get to the uh

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the topic. My my grandfather used to

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build um these little rowhouse type

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rental houses and they him and my

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grandmother would not rent to anybody

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with facial hair because they called

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them woolly boogers and woolly boogers

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didn't pay the rent on time. I'm like

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how does facial hair how does that I

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never got that but you know what I guess

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it worked for him. It's a it was a

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business model. He's also the person

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that said, you know, uh, if you tell the

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truth, you don't have to rem remember

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anything. I'm like, yeah, I guess that

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fits into the Woolly Booger, but you

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know, I'm 62. I know you're saying, St.

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There's no way. Yeah, but you know, I'm

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growing this. The problem is the last

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time I kind of grew it out, it wasn't

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white or gray, as they say. So, how are

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annuities used in retirement? How can

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they be used in retirement? Should they

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be used in retirement? annuities and

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retirement

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after this.

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[music]

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So, how do annuitities and there's many

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types work in and for retirement?

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There's one is one word answer

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contractually.

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Contractually.

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If you buy annuities for hypothetical

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returns or theoretical returns or

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hopeful returns, oh boy, I hope that

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comes true. What the agent showed me,

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unicorns chasing the butterflies. If you

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buy that, you deserve what you get,

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which is bucktus. You get nothing. They

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work in retirement contractually. The

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four things that annuities solve for

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contractually

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the acronyms pill. P stands for

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principal protection. I stands for

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income for life. L stands for legacy.

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The other L stands for longterm care. P

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I L. There's no J for growth. There no S

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for stock market. There's no M for

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mutual funds. There's no B for Bitcoin.

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Go do that. Go do that with nonanuity

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assets.

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How do annuities work in retirement? I'm

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going tell you how they work very well

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is when you when you establish your

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income floor. You already own an

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annuity. Yes, you do. Yes, you do. Yes,

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you do.

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It's called social security. It's the

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best inflation annuity on the planet.

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Stop arguing with me. It's an annuity.

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That's part of your income floor. You

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can add annuities for lifetime income

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because annuities are the only product

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on the planet that's solved for lifetime

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income. Uh-huh. Yeah. Don't say, "Well,

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how about a 30-year bond?" My my answer

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is how about if you live 31 years

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annuities

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work in retirement because that income

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floor covers the amount that you need

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every month and then go invest the rest

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and be Gordon Gecko, master of the

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universe. Go get them player. Now the

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good part about that is that you don't

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have to disrupt your investments if they

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go up and down. that fee only, feebased

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advisor goes, "Well, you don't need

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standing, man. I'm tell you, I'll just

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manage your money. We'll just take 4%

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out every every month and we'll just

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over the year and we'll spread it out."

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It's called systematic distribution and

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you don't have to tie your money up in

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annuity. Uh question. Yes, Stan. You in

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the back, Stan, what's your question?

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What if the markets goes down? What like

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what if there's like a 20% correction?

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Do you still take the 4% out? That means

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you're down 24, right?

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It doesn't make sense. How do annuities

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work in retirement for that lifetime

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income floor? How do annuities work in

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retirement for legacy

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if you can't qualify for for life

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insurance? Now, a long time ago, this

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personal story, you're saying, "Stan,

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you're getting personal." Yeah, you darn

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right I am.

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I got a big huge life insurance policy

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for the queen and the two princesses.

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That would be my wife and two daughters.

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level term policy, nothing fancy, bunch

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bunch of money. So if I show up dead

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unexpectedly, you know, Stan died eating

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at Waffle House. My wife killed me. Just

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just turn her in right there. She's

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going for the life insurance. But at the

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age of 62 with a couple of health issues

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that I'm dealing with from eating all

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those Little Debbie cakes when I was

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young. Hey mom, what's for dinner?

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Little Debbies. Great. Little Debbies

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and Coca-Cola.

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[clears throat]

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But I can't get life insurance anymore.

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Okay. So, what do you do, Stan? Well,

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that's where the L of legacy comes in.

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My wife and I buy MAS and the girls get

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all of that compounding interest, which

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is the eighth wonder of the annuity

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world. Compounding interest. That's the

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legacy part. So, because I can't get any

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more life insurance. How do annuities

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work in retirement? There are annuities

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for long-term care. There are annuities.

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If you're smoking, remember Palm miles

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or Pal Malls? They had no filter. I

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mean, if you smoke one, you could feel

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yourself dying, you know? Um, like as

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you inhale, like if you're smoking those

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and then drinking a bottle of Jack

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Daniels and some tequilia, right?

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Tequilia, you can get a guaranteed issue

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long-term care policy through an

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annuity.

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How do annuities work in retirement?

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They work when you want to transfer

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risk, not shoulder risk. transfer risk.

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The primary uses are the two P and the I

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principal protection income for life.

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That's the primary use.

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Where I think people should focus is on

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the income floor. Talked to guy the

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other day and I said, "Okay." Yeah. He

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goes, "Well, I think I you know, I heard

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your income floor thing, son. Just tell

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me about that a little bit more." I

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said, "What do you need every month to

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pay the bills? You and the wife. Wife

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being happy. Not you being happy. Wife

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being happy." He goes, "Well, me it' be

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5,000. Wife would be seven." I'm like,

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"There you go, player." So, $7,000 a

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month. Okay. How much is social

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security? Well, it's about three. Well,

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how much is Yeah. Well, it's about

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another probably 1,500. Well, we got to

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fill that gap, player.

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Let's reverse engineer a quote to solve

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for that income gap. What about

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inflation, Stan? Do annuities solve for

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inflation? No, they don't.

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I've got a strategy that works for that.

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meaning that we fill the gap for

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inflation for your specific situation at

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the very time that you need it filled

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that gap using the least amount of

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money. But there's no magical product

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out there. Even though I heard a sales

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pitch the other day, somebody sent it to

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me and please don't send please don't

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send me this. Please, please. But

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someone sent me one and it was like

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solves for inflation. No, it doesn't.

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There's no there's no annuity company

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that's figured out how to magically

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address inflation with a proconsumer

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product. It's a good sales pitch,

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though. What about the upfront bonus?

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That's candy for the stupid. All right.

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There's no philanthropist at annuity

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company that wake up in the morning go,

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"Boy, I tell you what, I really like I

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really like America. I do, and I'm going

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to give money away." Nope. Doesn't

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happen. These are forprofit companies

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with board members that spit fire and

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nails and want ibida ibida. Look it up.

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That's what that's what all board you

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know fortunately at the annuity man you

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know I am the board. My wife's the

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boardette. Our son-in-law who uh is also

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involved. He's part of the board as

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well. But I got cowboy boots older than

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him. So how do annuities work in

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retirement? They better work just like

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your social security works. They work as

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transfer of risk contracts.

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I would I would encourage you to go to

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my site at theanuityman.com.

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Run quotes 24/7 365. We have a full

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customized quote you can run and we have

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what's called a quick quote that you can

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run. What's a quick quote, Stan? Never

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heard of a quick quote. I know we

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trademarked it. Um, a quick quote is

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meaning you can you can get the quote

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without putting your name in, without

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putting your email address in, without

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just putting your your gender of which

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you need to be able to answer and your

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date of birth and your state of

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residence and then the quote. Stand up,

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you're giving that you're not trying to

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capture my information. You're not

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trying to cross market, crossell. Dude,

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I'm the biggest dude on the planet out

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here in in the annuity world. I'm

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changing the game. If I have to send you

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this and that and this and ping and this

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then what the heck? I mean, don't you

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just want to see the guarantees? Aren't

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you smart enough to ask as you see those

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guarantees, go, "Boy, that's pretty cool

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that he gave me those guarantees. I'm

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gonna give them boys a shot."

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And I want you to. We're licensed in all

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50 states. We're open 12 hours a day.

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[laughter]

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How about that? Around your schedule and

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eight hours on Sunday. Nobody does that.

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We have the biggest staff on the planet

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under one roof. Nobody virtual. Nobody

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virtual. Come into the office. Check

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into the office. Work as a team. Work as

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a team with everybody and every client

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that we have to make sure things get

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done properly.

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Boy, that's a unique business model. No,

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that's that's a that should be a real

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business model, but we're the only ones

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that do that. So, how do annuities work

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in retirement? How can they work for you

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in retirement?

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They work for you in your retirement

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when you put them in your brain the way

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they should be as contractual

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guarantees. All right, one last thing. I

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did a a fun video on um attention

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annuity haters. You already own an

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annuity. You might want to watch that

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because I I don't know. There's times

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that I'm very melancholy in front of the

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camera. Then there's times I'm animated.

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That was a time I was animated. I'm

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passionate about this stuff. I don't

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want you to make mistakes with us. You

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will not because we're not going to

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allow it. We're just not. That's what we

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did. My name is Stan the Annuity Man.